87417, Kirtland, NM

The 87417 zip code of Kirtland, NM has a population of approximately 5,000 people. The median household income in this zip code is $60,000. The median home value in this zip code is $160,000.

As of March 2016, the Zillow Home Value Index for the 87417 zip code was 116.5. This means that the median home value in this zip code is 116.5% higher than the median home value in the United States as a whole. This high level of home values may be due to several factors including low unemployment rates and high levels of education and income among residents.

Despite these high levels of home values, there are still many homeowners who are struggling to afford their homes. In fact, according to Zillow’s latest report on housing affordability, nearly one-third (31%) of all homeowners in the 87417 zip code are “severely burdened” by their mortgage payments – meaning that they pay more than 30% of their monthly income towards their mortgage or rent payments. This is far above the national average (16%), and indicates that many homeowners in this area are struggling to keep up with rising housing costs.

Overall, it seems that homeownership rates and home values in the 87417 zip code are both very high relative to other areas of the country – but there is still a significant number of residents who are struggling to afford their homes.