Housing costs in University Park?
A typical home costs
$279,900, which is 17.2% less expensive than the national average of
$338,100 and 4.8% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in University Park costs
$900 per month, which is 11.8% cheaper than the national average of
$1,020 and close to the state average of
$890.
Can I afford University Park?
To live comfortably in University Park (zip 88003), New Mexico, a minimum annual income of
$53,640 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about University Park?
The cost of living in 88003 University Park, NM is relatively low compared to many other areas of the country. The estimated median household income is $46,493, which is lower than the national average of $60,293. The median home value in 88003 University Park, NM sits at around $96,200, which is much lower than the national median home value of $219,700. Renters in University Park pay an average of $743 per month for a one-bedroom apartment and $983 per month for a two-bedroom apartment. Overall, living in 88003 University Park allows residents to enjoy a low cost of living while still having access to all the amenities that come with living in an urban area.