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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 $152,726, lower than the New Mexico average of $265,486.
The average cost of rent is $932/mo in 88001, primarily driven by the current value of real estate in the 88001 area. In 88001, 58.35% of households rent, and 55.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88001 is $3,492 per month. Households that rent pay about 26.69% of their income on rent here. 88001’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: higher priced 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: higher priced homes
- 15235, PA: equally priced homes
- 20723, MD: higher priced homes
- 92883, CA: higher priced homes
- 77320, TX: higher priced homes
- 77381, TX: higher priced homes
- 77506, TX: equally priced homes
- 78723, TX: higher priced homes
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