Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in ZCTA5 87301, New Mexico?
ZIP code · Census ACS 5-Year estimates
The median gross rent in ZCTA5 87301, New Mexico (ZIP 87301) is $930/month (±$72), based on Census ACS 5-Year estimates (2024). The median home value is $168,500 (±$13,400), and the median household income is $58,772/year. The unemployment rate in McKinley County, New Mexico was 5.9% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for ZIP 87301
| Metric | Value |
|---|---|
| Median Gross Rent | $930 |
| Median Home Value | $168,500 |
| Median Household Income | $58,772 |
| Total Housing Units | 7,046 |
| Renter-Occupied Units | 3,336 |
| Renter-Occupied Share | 47% |
| Households Paying 50%+ Income | 734 households |
| Unemployment Rate(April 2026) | 5.9% |
How does ZIP 87301 compare?
Median gross rent ranked against all ZIP codes in New Mexico.
Higher rent than 52% of ZIP codes in New Mexico · 84th of 173
| # | ZIP code | Value |
|---|---|---|
| 1 | ZCTA5 87043 | $2,717 |
| 2 | ZCTA5 87122 | $2,534 |
| 3 | ZCTA5 87116 | $1,766 |
| … 80 more … | ||
| 84 | ZCTA5 87301(you are here) | $930 |
| … 86 more … | ||
| 171 | ZCTA5 88029 | $414 |
| 172 | ZCTA5 88119 | $387 |
| 173 | ZCTA5 88340 | $330 |
Geography
ZIP 87301 is in McKinley County, New Mexico.
It covers part of Gallup city, New Mexico.
More data for ZCTA5 87301
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Frequently asked questions
What is the average rent in ZCTA5 87301, New Mexico?
The median gross rent in ZCTA5 87301, New Mexico (ZIP 87301) is $930/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in ZCTA5 87301, New Mexico?
The median rent for a 2-bedroom in ZCTA5 87301, New Mexico is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in ZCTA5 87301, New Mexico?
The median home value in ZCTA5 87301, New Mexico (ZIP 87301) is $168,500 according to Census ACS 5-Year estimates (2024).
What percentage of renters in ZCTA5 87301 are rent-burdened?
In ZCTA5 87301, New Mexico, 734 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in ZCTA5 87301, New Mexico?
The median household income in ZCTA5 87301, New Mexico is $58,772/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $930 has a margin of error of ±$72. In very small areas, MOEs can be large relative to the estimate.
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