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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 $122,400, lower than the New Mexico average of $199,923.
The average cost of rent is $650/mo in 88020, primarily driven by the current value of real estate in the 88020 area. While nearly 51.87% of residents own their homes outright in 88020, 15.36% rent.
Housing affordability isn’t just about home prices, though. The average household income in 88020 is $4,964 per month. Households that rent pay about 13.09% of their income on rent here. 88020's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 88056, NM: equally priced homes
- 88009, NM: equally priced homes
- 85632, AZ: equally priced homes
- 88040, NM: less expensive homes
- 85625, AZ: higher priced homes
- 85606, AZ: higher priced homes
- 85609, AZ: higher priced homes
- 88029, NM: less expensive homes
- 85630, AZ: equally priced homes
- 85627, AZ: higher priced homes
Zip Codes with Similar Populations
- 95227, CA: higher priced homes
- 15551, PA: less expensive homes
- 15684, PA: less expensive homes
- 16402, PA: equally priced homes
- 16647, PA: higher priced homes
- 17016, PA: higher priced homes
- 17035, PA: higher priced homes
- 27862, NC: higher priced homes
- 83423, ID: equally priced homes
- 92317, CA: higher priced homes
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