Affordable
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Expensive
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These days, finding an affordable place to live in the 88005 area can be challenging. Home prices in 88005 are now at a median cost of $183,571, lower than the New Mexico average of $199,923.
The average cost of rent is $791/mo in 88005, primarily driven by the current value of real estate in the 88005 area. While nearly 46.05% of residents own their homes outright in 88005, 39.83% rent.
Housing affordability isn’t just about home prices, though. The average household income in 88005 is $4,210 per month. Households that rent pay about 18.79% of their income on rent here. 88005's most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 88001, NM: less expensive homes
- 88046, NM: higher priced homes
- 88003, NM: less expensive homes
- 88007, NM: higher priced homes
- 88011, NM: higher priced homes
- 88047, NM: less expensive homes
- 88012, NM: less expensive homes
- 88052, NM: less expensive homes
- 88002, NM: less expensive homes
- 88342, NM: less expensive homes
Zip Codes with Similar Populations
- 19122, PA: higher priced homes
- 82604, WY: higher priced homes
- 48150, MI: equally priced homes
- 48161, MI: less expensive homes
- 48335, MI: higher priced homes
- 70517, LA: less expensive homes
- 75160, TX: equally priced homes
- 76052, TX: higher priced homes
- 76132, TX: higher priced homes
- 76201, TX: higher priced homes
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