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These days, finding an affordable place to live in the 88045 area can be challenging. Home prices in 88045 are now at a median cost of $108,426, lower than the New Mexico average of $265,486.
The average cost of rent is $811/mo in 88045, primarily driven by the current value of real estate in the 88045 area. In 88045, 24.32% of households rent, and 71.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88045 is $3,736 per month. Households that rent pay about 21.70% of their income on rent here. 88045’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central 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
- 85605, AZ: less expensive homes
- 88030, NM: higher priced homes
- 85643, AZ: higher priced homes
- 88007, NM: higher priced homes
- 88046, NM: higher priced homes
- 88005, NM: higher priced homes
- 88001, NM: higher priced homes
- 88003, NM: higher priced homes
- 88012, NM: higher priced homes
- 85619, AZ: higher priced homes
Zip Codes with Similar Populations
- 72556, AR: higher priced homes
- 47520, IN: higher priced homes
- 47874, IN: higher priced homes
- 01225, MA: higher priced homes
- 50212, IA: higher priced homes
- 52342, IA: higher priced homes
- 54121, WI: higher priced homes
- 64640, MO: higher priced homes
- 66402, KS: higher priced homes
- 70071, LA: higher priced homes
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