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These days, finding an affordable place to live in the 88023 area can be challenging. Home prices in 88023 are now at a median cost of $149,512, lower than the New Mexico average of $265,486.
The average cost of rent is $744/mo in 88023, primarily driven by the current value of real estate in the 88023 area. In 88023, 36.45% of households rent, and 73.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88023 is $3,243 per month. Households that rent pay about 22.95% of their income on rent here. 88023’s most expensive areas are in the southern regions, while the cheapest areas are in the northern 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: equally priced homes
- 88022, NM: higher priced homes
- 88043, NM: less expensive homes
- 88061, NM: higher priced homes
- 88053, NM: higher priced homes
- 88065, NM: higher priced homes
- 88041, NM: higher priced homes
- 88049, NM: higher priced homes
- 88034, NM: higher priced homes
- 88055, NM: higher priced homes
Zip Codes with Similar Populations
- 03255, NH: higher priced homes
- 10917, NY: higher priced homes
- 17009, PA: equally priced homes
- 68869, NE: higher priced homes
- 49011, MI: equally priced homes
- 49051, MI: higher priced homes
- 50854, IA: equally priced homes
- 51521, IA: higher priced homes
- 52159, IA: higher priced homes
- 52747, IA: higher priced homes
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