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These days, finding an affordable place to live in the 88061 area can be challenging. Home prices in 88061 are now at a median cost of $159,309, lower than the New Mexico average of $199,923.
The average cost of rent is $850/mo in 88061, primarily driven by the current value of real estate in the 88061 area. While nearly 59.74% of residents own their homes outright in 88061, 32.35% rent.
Housing affordability isn’t just about home prices, though. The average household income in 88061 is $4,123 per month. Households that rent pay about 20.63% of their income on rent here. 88061's most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 88065, NM: less expensive homes
- 88022, NM: equally priced homes
- 88053, NM: higher priced homes
- 88026, NM: less expensive homes
- 88023, NM: less expensive homes
- 88043, NM: less expensive homes
- 88041, NM: less expensive homes
- 88049, NM: higher priced homes
- 88055, NM: equally priced homes
- 88034, NM: less expensive homes
Zip Codes with Similar Populations
- 02451, MA: higher priced homes
- 04101, ME: higher priced homes
- 07628, NJ: higher priced homes
- 08505, NJ: higher priced homes
- 11030, NY: higher priced homes
- 11575, NY: higher priced homes
- 15120, PA: less expensive homes
- 22039, VA: higher priced homes
- 48240, MI: less expensive homes
- 70427, LA: less expensive homes
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