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These days, finding an affordable place to live in the 88053 area can be challenging. Home prices in 88053 are now at a median cost of $264,100, lower than the New Mexico average of $265,486.
The average cost of rent is $608/mo in 88053, primarily driven by the current value of real estate in the 88053 area. In 88053, 7.08% of households rent, and 74.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88053 is $4,113 per month. Households that rent pay about 14.78% of their income on rent here. 88053’s most expensive areas are in the central 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
- 88022, NM: less expensive homes
- 88061, NM: less expensive homes
- 88026, NM: less expensive homes
- 88023, NM: less expensive homes
- 88065, NM: less expensive homes
- 88049, NM: less expensive homes
- 88041, NM: less expensive homes
- 88038, NM: equally priced homes
- 88028, NM: less expensive homes
- 88055, NM: less expensive homes
Zip Codes with Similar Populations
- 21669, MD: equally priced homes
- 96017, CA: higher priced homes
- 95601, CA: higher priced homes
- 24894, WV: less expensive homes
- 24843, WV: less expensive homes
- 23427, VA: less expensive homes
- 23422, VA: equally priced homes
- 23115, VA: equally priced homes
- 21920, MD: higher priced homes
- 21717, MD: higher priced homes
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