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These days, finding an affordable place to live in the 88042 area can be challenging. Home prices in 88042 are now at a median cost of $195,947, lower than the New Mexico average of $265,486.
The average cost of rent is $729/mo in 88042, primarily driven by the current value of real estate in the 88042 area. In 88042, 18.81% of households rent, and 65.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88042 is $4,525 per month. Households that rent pay about 16.11% of their income on rent here. 88042’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern 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
- 87930, NM: equally priced homes
- 87931, NM: less expensive homes
- 87933, NM: less expensive homes
- 87936, NM: less expensive homes
- 88041, NM: less expensive homes
- 88049, NM: equally priced homes
- 87941, NM: less expensive homes
- 88023, NM: less expensive homes
- 88026, NM: less expensive homes
- 88022, NM: equally priced homes
Zip Codes with Similar Populations
- 26323, WV: higher priced homes
- 18256, PA: less expensive homes
- 18323, PA: higher priced homes
- 18842, PA: higher priced homes
- 18845, PA: equally priced homes
- 21634, MD: higher priced homes
- 22643, VA: higher priced homes
- 22948, VA: higher priced homes
- 24292, VA: less expensive homes
- 24867, WV: less expensive homes
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