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Expensive
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These days, finding an affordable place to live in the 87942 area can be challenging. Home prices in 87942 are now at a median cost of $128,354, lower than the New Mexico average of $199,923.
The average cost of rent is $673/mo in 87942, primarily driven by the current value of real estate in the 87942 area. While nearly 67.07% of residents own their homes outright in 87942, 14.17% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87942 is $3,028 per month. Households that rent pay about 22.22% of their income on rent here. 87942's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 87901, NM: less expensive homes
- 87935, NM: higher priced homes
- 87931, NM: higher priced homes
- 88038, NM: higher priced homes
- 88352, NM: equally priced homes
- 88028, NM: higher priced homes
- 88025, NM: higher priced homes
- 88337, NM: higher priced homes
- 88314, NM: equally priced homes
- 88325, NM: higher priced homes
Zip Codes with Similar Populations
- 58558, ND: higher priced homes
- 74428, OK: less expensive homes
- 73754, OK: higher priced homes
- 73568, OK: less expensive homes
- 72436, AR: less expensive homes
- 72084, AR: less expensive homes
- 68041, NE: higher priced homes
- 65637, MO: higher priced homes
- 64446, MO: less expensive homes
- 63953, MO: less expensive homes
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