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These days, finding an affordable place to live in the 88316 area can be challenging. Home prices in 88316 are now at a median cost of $182,867, lower than the New Mexico average of $199,923.
The average cost of rent is $841/mo in 88316, primarily driven by the current value of real estate in the 88316 area. While nearly 57.08% of residents own their homes outright in 88316, 17.43% rent.
Housing affordability isn’t just about home prices, though. The average household income in 88316 is $4,866 per month. Households that rent pay about 17.29% of their income on rent here. 88316's most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 88341, NM: higher priced homes
- 88312, NM: higher priced homes
- 88338, NM: higher priced homes
- 88348, NM: less expensive homes
- 88301, NM: less expensive homes
- 88336, NM: less expensive homes
- 88351, NM: equally priced homes
- 88201, NM: less expensive homes
- 88213, NM: less expensive homes
- 88114, NM: less expensive homes
Zip Codes with Similar Populations
- 76093, TX: less expensive homes
- 31738, GA: less expensive homes
- 36376, AL: less expensive homes
- 38488, TN: equally priced homes
- 38862, MS: less expensive homes
- 42020, KY: less expensive homes
- 01474, MA: higher priced homes
- 52401, IA: less expensive homes
- 52773, IA: less expensive homes
- 53035, WI: higher priced homes
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