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These days, finding an affordable place to live in the 88028 area can be challenging. Home prices in 88028 are now at a median cost of $216,400, lower than the New Mexico average of $265,486.
The average cost of rent is $825/mo in 88028, primarily driven by the current value of real estate in the 88028 area. In 88028, 29.46% of households rent, and 72.89% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88028 is $4,927 per month. Households that rent pay about 16.74% of their income on rent here. 88028’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
- 88038, NM: higher priced homes
- 88025, NM: equally priced homes
- 88051, NM: equally priced homes
- 88053, NM: higher priced homes
- 85534, AZ: less expensive homes
- 88049, NM: less expensive homes
- 85533, AZ: less expensive homes
- 88041, NM: less expensive homes
- 85540, AZ: less expensive homes
- 85551, AZ: less expensive homes
Zip Codes with Similar Populations
- 21624, MD: higher priced homes
- 24962, WV: higher priced homes
- 24884, WV: less expensive homes
- 24816, WV: less expensive homes
- 24731, WV: less expensive homes
- 24714, WV: higher priced homes
- 23952, VA: less expensive homes
- 23130, VA: higher priced homes
- 22743, VA: higher priced homes
- 22504, VA: less expensive homes
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