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These days, finding an affordable place to live in the 88048 area can be challenging. Home prices in 88048 are now at a median cost of $97,825, lower than the New Mexico average of $199,923.
The average cost of rent is $554/mo in 88048, primarily driven by the current value of real estate in the 88048 area. While nearly 64.93% of residents own their homes outright in 88048, 14.61% rent.
Housing affordability isn’t just about home prices, though. The average household income in 88048 is $3,894 per month. Households that rent pay about 14.22% of their income on rent here. 88048's most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 88072, NM: equally priced homes
- 88044, NM: higher priced homes
- 88024, NM: higher priced homes
- 88027, NM: higher priced homes
- 88047, NM: higher priced homes
- 88021, NM: higher priced homes
- 88003, NM: higher priced homes
- 88046, NM: higher priced homes
- 88081, NM: equally priced homes
- 88030, NM: higher priced homes
Zip Codes with Similar Populations
- 23944, VA: equally priced homes
- 44473, OH: higher priced homes
- 44234, OH: higher priced homes
- 42721, KY: higher priced homes
- 38052, TN: equally priced homes
- 45850, OH: higher priced homes
- 32343, FL: higher priced homes
- 32320, FL: higher priced homes
- 47638, IN: higher priced homes
- 21658, MD: higher priced homes
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