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Affordable
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These days, finding an affordable place to live in the 88055 area can be challenging. Home prices in 88055 are now at a median cost of $216,400, lower than the New Mexico average of $265,486.
The average cost of rent is $825/mo in 88055, primarily driven by the current value of real estate in the 88055 area. In 88055, 29.46% of households rent, and 72.89% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88055 is $4,927 per month. Households that rent pay about 16.74% of their income on rent here. 88055’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
- 88065, NM: less expensive homes
- 88061, NM: equally priced homes
- 85534, AZ: less expensive homes
- 88053, NM: higher priced homes
- 88022, NM: equally priced homes
- 88026, NM: less expensive homes
- 88023, NM: less expensive homes
- 88043, NM: less expensive homes
- 88049, NM: less expensive homes
- 88041, NM: less expensive homes
Zip Codes with Similar Populations
- 61037, IL: less expensive homes
- 78145, TX: equally priced homes
- 78144, TX: higher priced homes
- 77855, TX: less expensive homes
- 62336, IL: less expensive homes
- 61433, IL: higher priced homes
- 61079, IL: higher priced homes
- 61077, IL: equally priced homes
- 61057, IL: higher priced homes
- 78547, TX: less expensive homes
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