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These days, finding an affordable place to live in the 88347 area can be challenging. Home prices in 88347 are now at a median cost of $78,300, lower than the New Mexico average of $199,923.
The average cost of rent is $771/mo in 88347, primarily driven by the current value of real estate in the 88347 area. While nearly 73.50% of residents own their homes outright in 88347, 19.03% rent.
Housing affordability isn’t just about home prices, though. The average household income in 88347 is $4,849 per month. Households that rent pay about 15.90% of their income on rent here. 88347's most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 88354, NM: equally priced homes
- 88350, NM: higher priced homes
- 88349, NM: equally priced homes
- 88344, NM: higher priced homes
- 88310, NM: higher priced homes
- 88330, NM: higher priced homes
- 88250, NM: higher priced homes
- 88210, NM: higher priced homes
- 87940, NM: less expensive homes
- 87937, NM: higher priced homes
Zip Codes with Similar Populations
- 79518, TX: higher priced homes
- 48630, MI: higher priced homes
- 49942, MI: higher priced homes
- 50272, IA: higher priced homes
- 55766, MN: higher priced homes
- 57473, SD: higher priced homes
- 58641, ND: higher priced homes
- 75780, TX: higher priced homes
- 77436, TX: higher priced homes
- 77961, TX: higher priced homes
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