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These days, finding an affordable place to live in the 88240 area can be challenging. Home prices in 88240 are now at a median cost of $161,777, lower than the New Mexico average of $199,923.
The average cost of rent is $1,097/mo in 88240, primarily driven by the current value of real estate in the 88240 area. While nearly 54.13% of residents own their homes outright in 88240, 35.10% rent.
Housing affordability isn’t just about home prices, though. The average household income in 88240 is $5,654 per month. Households that rent pay about 19.41% of their income on rent here. 88240's most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 88242, NM: higher priced homes
- 88265, NM: equally priced homes
- 79360, TX: equally priced homes
- 88264, NM: less expensive homes
- 79331, TX: less expensive homes
- 88210, NM: equally priced homes
- 88250, NM: higher priced homes
- 79738, TX: less expensive homes
- 79517, TX: less expensive homes
- 88344, NM: equally priced homes
Zip Codes with Similar Populations
- 32835, FL: higher priced homes
- 92019, CA: higher priced homes
- 91606, CA: higher priced homes
- 90275, CA: higher priced homes
- 90059, CA: higher priced homes
- 34983, FL: higher priced homes
- 34758, FL: higher priced homes
- 34293, FL: higher priced homes
- 33844, FL: higher priced homes
- 33436, FL: higher priced homes
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