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Affordable
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These days, finding an affordable place to live in the 88003 area can be challenging. Home prices in 88003 are now at a median cost of $222,566, lower than the New Mexico average of $265,486.
The average cost of rent is $796/mo in 88003, primarily driven by the current value of real estate in the 88003 area. In 88003, 38.35% of households rent, and 48.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88003 is $2,548 per month. Households that rent pay about 31.23% of their income on rent here. 88003’s most expensive areas are in the eastern regions, while the cheapest areas are in the central 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
- 88001, NM: less expensive homes
- 88005, NM: equally priced homes
- 88046, NM: higher priced homes
- 88011, NM: higher priced homes
- 88047, NM: equally priced homes
- 88007, NM: higher priced homes
- 88012, NM: higher priced homes
- 88044, NM: equally priced homes
- 88048, NM: less expensive homes
- 88072, NM: less expensive homes
Zip Codes with Similar Populations
- 05048, VT: higher priced homes
- 05149, VT: higher priced homes
- 05860, VT: equally priced homes
- 95669, CA: higher priced homes
- 95638, CA: higher priced homes
- 21661, MD: higher priced homes
- 67003, KS: less expensive homes
- 50247, IA: less expensive homes
- 65661, MO: less expensive homes
- 62237, IL: less expensive homes
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