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These days, finding an affordable place to live in the 88020 area can be challenging. Home prices in 88020 are now at a median cost of $158,500, lower than the New Mexico average of $265,486.
The average cost of rent is $773/mo in 88020, primarily driven by the current value of real estate in the 88020 area. In 88020, 3.18% of households rent, and 62.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88020 is $5,746 per month. Households that rent pay about 13.45% of their income on rent here. 88020’s most expensive areas are in the central 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
- 88056, NM: equally priced homes
- 88009, NM: equally priced homes
- 85632, AZ: less expensive homes
- 88040, NM: equally priced homes
- 85625, AZ: higher priced homes
- 85606, AZ: higher priced homes
- 85609, AZ: higher priced homes
- 88029, NM: equally priced homes
- 85630, AZ: higher priced homes
- 85627, AZ: higher priced homes
Zip Codes with Similar Populations
- 95227, CA: higher priced homes
- 15551, PA: equally priced homes
- 15684, PA: less expensive homes
- 16402, PA: less expensive homes
- 16647, PA: higher priced homes
- 17016, PA: higher priced homes
- 17035, PA: higher priced homes
- 27862, NC: equally priced homes
- 83423, ID: higher priced homes
- 92317, CA: higher priced homes
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