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These days, finding an affordable place to live in the 88040 area can be challenging. Home prices in 88040 are now at a median cost of $104,867, lower than the New Mexico average of $199,923.
The average cost of rent is $1,149/mo in 88040, primarily driven by the current value of real estate in the 88040 area. While nearly 60.05% of residents own their homes outright in 88040, 20.21% rent.
Housing affordability isn’t just about home prices, though. The average household income in 88040 is $2,995 per month. Households that rent pay about 38.35% of their income on rent here. 88040's most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 88009, NM: higher priced homes
- 88020, NM: higher priced homes
- 88056, NM: higher priced homes
- 88029, NM: less expensive homes
- 85610, AZ: higher priced homes
- 85625, AZ: higher priced homes
- 88008, NM: higher priced homes
- 85638, AZ: higher priced homes
- 79932, TX: higher priced homes
- 79821, TX: equally priced homes
Zip Codes with Similar Populations
- 82714, WY: higher priced homes
- 50673, IA: higher priced homes
- 50835, IA: higher priced homes
- 50847, IA: higher priced homes
- 51011, IA: higher priced homes
- 81237, CO: higher priced homes
- 81429, CO: higher priced homes
- 82081, WY: higher priced homes
- 82217, WY: higher priced homes
- 82422, WY: higher priced homes
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