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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 $83,651, lower than the New Mexico average of $199,923.
The average cost of rent is $655/mo in 88023, primarily driven by the current value of real estate in the 88023 area. While nearly 74.44% of residents own their homes outright in 88023, 31.12% rent.
Housing affordability isn’t just about home prices, though. The average household income in 88023 is $3,299 per month. Households that rent pay about 19.86% of their income on rent here. 88023's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 88026, NM: equally priced homes
- 88022, NM: higher priced homes
- 88043, NM: equally priced 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: less expensive homes
- 88055, NM: higher priced homes
Zip Codes with Similar Populations
- 03255, NH: higher priced homes
- 10917, NY: higher priced homes
- 17009, PA: higher priced homes
- 68869, NE: higher priced homes
- 49011, MI: higher priced homes
- 49051, MI: higher priced homes
- 50854, IA: higher priced homes
- 51521, IA: higher priced homes
- 52159, IA: higher priced homes
- 52747, IA: higher priced homes
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