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These days, finding an affordable place to live in the 88242 area can be challenging. Home prices in 88242 are now at a median cost of $218,742, higher than the New Mexico average of $199,923.
The average cost of rent is $1,039/mo in 88242, primarily driven by the current value of real estate in the 88242 area. While nearly 40.27% of residents own their homes outright in 88242, 20.96% rent.
Housing affordability isn’t just about home prices, though. The average household income in 88242 is $6,349 per month. Households that rent pay about 16.36% of their income on rent here. 88242's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 88240, NM: less expensive homes
- 88265, NM: less expensive homes
- 79360, TX: less expensive homes
- 88264, NM: less expensive homes
- 79331, TX: less expensive homes
- 88210, NM: less expensive homes
- 88250, NM: less expensive homes
- 79738, TX: less expensive homes
- 79517, TX: less expensive homes
- 88344, NM: less expensive homes
Zip Codes with Similar Populations
- 01230, MA: higher priced homes
- 97707, OR: higher priced homes
- 84101, UT: higher priced homes
- 79838, TX: less expensive homes
- 19533, PA: equally priced homes
- 19510, PA: equally priced homes
- 12204, NY: higher priced homes
- 08270, NJ: higher priced homes
- 06870, CT: higher priced homes
- 01519, MA: higher priced homes
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