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Affordable
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These days, finding an affordable place to live in the 88011 area can be challenging. Home prices in 88011 are now at a median cost of $322,942, higher than the New Mexico average of $265,486.
The average cost of rent is $1,364/mo in 88011, primarily driven by the current value of real estate in the 88011 area. In 88011, 40.09% of households rent, and 43.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88011 is $7,573 per month. Households that rent pay about 18.02% of their income on rent here. 88011’s most expensive areas are in the southeastern 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
- 88001, NM: less expensive homes
- 88003, NM: less expensive homes
- 88005, NM: less expensive homes
- 88012, NM: less expensive homes
- 88046, NM: equally priced homes
- 88007, 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
- 19966, DE: equally priced homes
- 22980, VA: less expensive homes
- 23435, VA: higher priced homes
- 27253, NC: less expensive homes
- 27545, NC: higher priced homes
- 33909, FL: equally priced homes
- 60423, IL: higher priced homes
- 46151, IN: less expensive homes
- 60525, IL: higher priced homes
- 61401, IL: less expensive homes
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