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These days, finding an affordable place to live in the 88340 area can be challenging. Home prices in 88340 are now at a median cost of $49,927, lower than the New Mexico average of $265,486.
The average cost of rent is $340/mo in 88340, primarily driven by the current value of real estate in the 88340 area. In 88340, 28.43% of households rent, and 86.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88340 is $3,131 per month. Households that rent pay about 10.85% of their income on rent here. 88340’s most expensive areas are in the western regions, while the cheapest areas are in the eastern 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
- 88314, NM: higher priced homes
- 88352, NM: higher priced homes
- 88343, NM: higher priced homes
- 88230, NM: higher priced homes
- 88232, NM: higher priced homes
- 87935, NM: higher priced homes
- 87901, NM: higher priced homes
- 87942, NM: higher priced homes
- 88262, NM: higher priced homes
- 88267, NM: higher priced homes
Zip Codes with Similar Populations
- 01375, MA: higher priced homes
- 27976, NC: higher priced homes
- 03860, NH: higher priced homes
- 80446, CO: higher priced homes
- 80422, CO: higher priced homes
- 03451, NH: higher priced homes
- 03263, NH: higher priced homes
- 03101, NH: higher priced homes
- 02831, RI: higher priced homes
- 02764, MA: higher priced homes
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