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These days, finding an affordable place to live in the 88001 area can be challenging. Home prices in 88001 are now at a median cost of $123,799, lower than the New Mexico average of $199,923.
The average cost of rent is $804/mo in 88001, primarily driven by the current value of real estate in the 88001 area. While nearly 53.77% of residents own their homes outright in 88001, 53.48% rent.
Housing affordability isn’t just about home prices, though. The average household income in 88001 is $3,139 per month. Households that rent pay about 25.60% of their income on rent here. 88001's most expensive areas are in the western regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 88003, NM: higher priced homes
- 88005, NM: higher priced homes
- 88011, NM: higher priced homes
- 88046, NM: higher priced homes
- 88007, NM: higher priced homes
- 88047, NM: higher priced homes
- 88012, NM: higher priced homes
- 88052, NM: less expensive homes
- 88002, NM: higher priced homes
- 88342, NM: equally priced homes
Zip Codes with Similar Populations
- 08016, NJ: higher priced homes
- 08759, NJ: higher priced homes
- 14225, NY: equally priced homes
- 15235, PA: less expensive homes
- 20723, MD: higher priced homes
- 92883, CA: higher priced homes
- 77320, TX: higher priced homes
- 77381, TX: higher priced homes
- 77506, TX: less expensive homes
- 78723, TX: higher priced homes
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