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These days, finding an affordable place to live in the 88038 area can be challenging. Home prices in 88038 are now at a median cost of $264,945, higher than the New Mexico average of $199,923.
The average cost of rent is $706/mo in 88038, primarily driven by the current value of real estate in the 88038 area. While nearly 76.83% of residents own their homes outright in 88038, 23.62% rent.
Housing affordability isn’t just about home prices, though. The average household income in 88038 is $5,363 per month. Households that rent pay about 13.16% of their income on rent here. 88038's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 88028, NM: less expensive homes
- 88025, NM: less expensive homes
- 88053, NM: equally priced homes
- 88051, NM: less expensive homes
- 88049, NM: less expensive homes
- 85534, AZ: less expensive homes
- 88041, NM: less expensive homes
- 85533, AZ: less expensive homes
- 85540, AZ: less expensive homes
- 88042, NM: less expensive homes
Zip Codes with Similar Populations
- 25134, WV: less expensive homes
- 95981, CA: equally priced homes
- 95646, CA: higher priced homes
- 92266, CA: less expensive homes
- 85931, AZ: higher priced homes
- 31067, GA: less expensive homes
- 30334, GA: less expensive homes
- 30151, GA: equally priced homes
- 28342, NC: less expensive homes
- 26572, WV: less expensive homes
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