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These days, finding an affordable place to live in the 88029 area can be challenging. Home prices in 88029 are now at a median cost of $161,723, lower than the New Mexico average of $265,486.
The average cost of rent is $575/mo in 88029, primarily driven by the current value of real estate in the 88029 area. In 88029, 23.25% of households rent, and 83.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88029 is $2,871 per month. Households that rent pay about 20.04% of their income on rent here. 88029’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern 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
- 88040, NM: equally priced homes
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- 88063, NM: less expensive homes
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Zip Codes with Similar Populations
- 04354, ME: higher priced homes
- 80737, CO: equally priced homes
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- 88119, NM: higher priced homes
- 25202, WV: equally priced homes
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- 24529, VA: higher priced homes
- 14024, NY: equally priced homes
- 13808, NY: equally priced homes
- 12723, NY: higher priced homes
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