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Affordable
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These days, finding an affordable place to live in the 88002 area can be challenging. Home prices in 88002 are now at a median cost of $220,595, lower than the New Mexico average of $265,486.
The average cost of rent is $1,384/mo in 88002, primarily driven by the current value of real estate in the 88002 area. In 88002, 99.95% of households rent, and 48.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88002 is $7,459 per month. Households that rent pay about 18.55% of their income on rent here. 88002’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern 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
- 88052, NM: equally priced homes
- 88011, NM: higher priced homes
- 88012, NM: higher priced homes
- 88003, NM: equally priced homes
- 88001, NM: less expensive homes
- 88047, NM: equally priced homes
- 88005, NM: equally priced homes
- 88046, NM: higher priced homes
- 88007, NM: higher priced homes
- 88342, NM: less expensive homes
Zip Codes with Similar Populations
- 04951, ME: equally priced homes
- 04978, ME: higher priced homes
- 05343, VT: higher priced homes
- 05441, VT: higher priced homes
- 55708, MN: less expensive homes
- 66548, KS: less expensive homes
- 65262, MO: equally priced homes
- 64643, MO: less expensive homes
- 63956, MO: less expensive homes
- 62533, IL: less expensive homes
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