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Affordable
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These days, finding an affordable place to live in the 88112 area can be challenging. Home prices in 88112 are now at a median cost of $360,601, higher than the New Mexico average of $265,486.
The average cost of rent is $913/mo in 88112, primarily driven by the current value of real estate in the 88112 area. In 88112, 25.40% of households rent, and 52.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88112 is $5,210 per month. Households that rent pay about 17.53% of their income on rent here. 88112’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern 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
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Zip Codes with Similar Populations
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