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These days, finding an affordable place to live in the 88047 area can be challenging. Home prices in 88047 are now at a median cost of $162,886, lower than the New Mexico average of $199,923.
The average cost of rent is $777/mo in 88047, primarily driven by the current value of real estate in the 88047 area. While nearly 40.23% of residents own their homes outright in 88047, 25.35% rent.
Housing affordability isn’t just about home prices, though. The average household income in 88047 is $3,789 per month. Households that rent pay about 20.50% of their income on rent here. 88047's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 88003, NM: equally priced homes
- 88046, NM: higher priced homes
- 88001, NM: less expensive homes
- 88005, NM: higher priced homes
- 88044, NM: less expensive homes
- 88011, NM: higher priced homes
- 88048, NM: less expensive homes
- 88072, NM: less expensive homes
- 88007, NM: higher priced homes
- 88012, NM: equally priced homes
Zip Codes with Similar Populations
- 21160, MD: higher priced homes
- 32181, FL: less expensive homes
- 31805, GA: less expensive homes
- 31542, GA: less expensive homes
- 32709, FL: higher priced homes
- 30477, GA: less expensive homes
- 24142, VA: higher priced homes
- 16678, PA: less expensive homes
- 16222, PA: less expensive homes
- 45744, OH: less expensive homes
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