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These days, finding an affordable place to live in the 88056 area can be challenging. Home prices in 88056 are now at a median cost of $158,500, lower than the New Mexico average of $265,486.
The average cost of rent is $773/mo in 88056, primarily driven by the current value of real estate in the 88056 area. In 88056, 3.18% of households rent, and 62.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88056 is $5,746 per month. Households that rent pay about 13.45% of their income on rent here. 88056’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
- 88020, NM: equally priced homes
- 88009, NM: equally priced homes
- 88040, NM: equally priced homes
- 85610, AZ: higher priced homes
- 85625, AZ: higher priced homes
- 85638, AZ: higher priced homes
- 85630, AZ: higher priced homes
- 85627, AZ: higher priced homes
- 85602, AZ: higher priced homes
- 88029, NM: equally priced homes
Zip Codes with Similar Populations
- 80544, CO: higher priced homes
- 46931, IN: less expensive homes
- 47160, IN: higher priced homes
- 49027, MI: higher priced homes
- 75856, TX: higher priced homes
- 76268, TX: higher priced homes
- 76865, TX: less expensive homes
- 77976, TX: higher priced homes
- 78021, TX: less expensive homes
- 79230, TX: higher priced homes
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