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Affordable
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These days, finding an affordable place to live in the 88022 area can be challenging. Home prices in 88022 are now at a median cost of $206,772, lower than the New Mexico average of $265,486.
The average cost of rent is $539/mo in 88022, primarily driven by the current value of real estate in the 88022 area. In 88022, 24.95% of households rent, and 63.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88022 is $3,373 per month. Households that rent pay about 15.98% of their income on rent here. 88022’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern 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
- 88026, NM: less expensive homes
- 88023, NM: less expensive homes
- 88061, NM: equally priced homes
- 88053, NM: higher priced homes
- 88043, NM: less expensive homes
- 88065, NM: less expensive homes
- 88041, NM: less expensive homes
- 88049, NM: equally priced homes
- 88034, NM: less expensive homes
- 88055, NM: equally priced homes
Zip Codes with Similar Populations
- 59317, MT: equally priced homes
- 72857, AR: less expensive homes
- 71480, LA: less expensive homes
- 71456, LA: equally priced homes
- 69024, NE: less expensive homes
- 68660, NE: less expensive homes
- 64670, MO: less expensive homes
- 63655, MO: less expensive homes
- 62931, IL: less expensive homes
- 62827, IL: less expensive homes
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