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Affordable
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These days, finding an affordable place to live in the 88007 area can be challenging. Home prices in 88007 are now at a median cost of $268,750, higher than the New Mexico average of $265,486.
The average cost of rent is $1,031/mo in 88007, primarily driven by the current value of real estate in the 88007 area. In 88007, 17.35% of households rent, and 48.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88007 is $6,087 per month. Households that rent pay about 16.94% of their income on rent here. 88007’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern 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
- 88005, NM: less expensive homes
- 88001, NM: less expensive homes
- 88046, NM: higher priced homes
- 88011, NM: higher priced homes
- 88012, NM: equally priced homes
- 88003, NM: less expensive homes
- 88047, NM: less expensive homes
- 88052, NM: less expensive homes
- 88002, NM: less expensive homes
- 88342, NM: less expensive homes
Zip Codes with Similar Populations
- 03053, NH: higher priced homes
- 30291, GA: equally priced homes
- 30241, GA: less expensive homes
- 30233, GA: equally priced homes
- 80303, CO: higher priced homes
- 28328, NC: less expensive homes
- 28037, NC: higher priced homes
- 08060, NJ: higher priced homes
- 07430, NJ: higher priced homes
- 07040, NJ: higher priced homes
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