ZIP code 87505: income, home prices and cost of living

The median household income in ZIP 87505 is $77,267, which is 52% above the New Mexico median of $50,827 and 12% above the national figure. The typical home is valued at $446,800, and the median rent is $1,248/month. 62.5% of households own their home.

Source: U.S. Census Bureau, American Community Survey (5-year). Latest observation ACS 2022.

Median household income

$77,267

New Mexico average
$50,82752%
National
$68,75012%

Median home value

$446,800

New Mexico average
$160,900178%
National
$209,600113%

Median gross rent

$1,248

New Mexico average
$85746%
National
$98427%

Median age

52.4 yrs

New Mexico average
39.1 yrs34%
National
41.0 yrs28%

Homeownership rate

62.5%

New Mexico average
76.1%18%
National
75.8%18%

Bachelor's degree or higher

25.3%

New Mexico average
11.2%126%
National
15.9%59%

How ZIP 87505 compares with New Mexico and the U.S.

State and national bars are the median across ZIP Code Tabulation Areas. Source: U.S. Census Bureau, American Community Survey (5-year), 2022.

See today's rates for homes in your area

Homes in 87505 typically sell around $446,800. Compare what a vetted mortgage pro can actually offer you before you commit.

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Nearby ZIP codes in New Mexico

87506875078750887501875328754487547875578757187420

Or compare 87505 with 87506.

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See every local figure on the New Mexico money guide.

What people search about ZIP 87505

Searches for the cost of living in 87505, the median household income in 87505, average rent in 87505 and home values in this part of New Mexico all come back to the same Census figures shown above. Use them alongside a mortgage payment estimate, a property tax estimate and a household budget before you compare this ZIP code with a neighbouring one.

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Methodology

Figures describe ZIP Code Tabulation Area 87505, the Census Bureau's statistical approximation of the ZIP code. Values are median estimates for the five-year period ending 2022.

State and national benchmarks are the median of all ZCTAs in that geography with at least 1,000 residents, computed by us from the same public dataset.

Sources: U.S. Census Bureau, American Community Survey (5-year). American Community Survey 5-year estimates, 2022.