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These days, finding an affordable place to live in the 88118 area can be challenging. Home prices in 88118 are now at a median cost of $200,400, lower than the New Mexico average of $265,486.
The average cost of rent is $1,294/mo in 88118, primarily driven by the current value of real estate in the 88118 area. In 88118, 16.34% of households rent, and 61.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88118 is $4,988 per month. Households that rent pay about 25.94% of their income on rent here. 88118’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
- 88130, NM: less expensive homes
- 79347, TX: less expensive homes
- 79371, TX: less expensive homes
- 79031, TX: less expensive homes
- 79312, TX: less expensive homes
- 79082, TX: less expensive homes
- 79326, TX: less expensive homes
- 79064, TX: less expensive homes
- 79032, TX: less expensive homes
- 79041, TX: less expensive homes
Zip Codes with Similar Populations
- 21810, MD: higher priced homes
- 93251, CA: higher priced homes
- 92678, CA: higher priced homes
- 89039, NV: equally priced homes
- 88324, NM: higher priced homes
- 84736, UT: higher priced homes
- 83848, ID: higher priced homes
- 81126, CO: less expensive homes
- 80823, CO: higher priced homes
- 25141, WV: less expensive homes
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