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These days, finding an affordable place to live in the 88041 area can be challenging. Home prices in 88041 are now at a median cost of $170,971, lower than the New Mexico average of $265,486.
The average cost of rent is $635/mo in 88041, primarily driven by the current value of real estate in the 88041 area. In 88041, 2.68% of households rent, and 51.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88041 is $3,732 per month. Households that rent pay about 17.03% of their income on rent here. 88041’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern 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
- 88049, NM: higher priced homes
- 88023, NM: less expensive homes
- 88026, NM: less expensive homes
- 88022, NM: higher priced homes
- 88053, NM: higher priced homes
- 88061, NM: higher priced homes
- 88065, NM: equally priced homes
- 88042, NM: higher priced homes
- 88038, NM: higher priced homes
- 87930, NM: higher priced homes
Zip Codes with Similar Populations
- 50597, IA: higher priced homes
- 79358, TX: equally priced homes
- 75933, TX: less expensive homes
- 75932, TX: less expensive homes
- 58335, ND: less expensive homes
- 56271, MN: higher priced homes
- 55324, MN: higher priced homes
- 54541, WI: equally priced homes
- 54420, WI: higher priced homes
- 51454, IA: less expensive homes
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