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These days, finding an affordable place to live in the 88116 area can be challenging. Home prices in 88116 are now at a median cost of $181,045, lower than the New Mexico average of $265,486.
The average cost of rent is $1,164/mo in 88116, primarily driven by the current value of real estate in the 88116 area. In 88116, 19.32% of households rent, and 60.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88116 is $5,199 per month. Households that rent pay about 22.40% of their income on rent here. 88116’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
- 88115, NM: less expensive homes
- 88126, NM: less expensive homes
- 88132, NM: less expensive homes
- 88113, NM: less expensive homes
- 79344, TX: higher priced homes
- 79324, TX: higher priced homes
- 79353, TX: less expensive homes
- 79371, TX: less expensive homes
- 79312, TX: less expensive homes
- 79339, TX: less expensive homes
Zip Codes with Similar Populations
- 03597, NH: higher priced homes
- 04568, ME: higher priced homes
- 99659, AK: less expensive homes
- 04693, ME: higher priced homes
- 04779, ME: higher priced homes
- 05070, VT: higher priced homes
- 64620, MO: higher priced homes
- 67151, KS: higher priced homes
- 67106, KS: higher priced homes
- 66952, KS: less expensive homes
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