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Affordable
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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 $372,600, higher than the New Mexico average of $265,486.
The average cost of rent is $699/mo in 88347, primarily driven by the current value of real estate in the 88347 area. In 88347, 6.64% of households rent, and 68.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88347 is $6,118 per month. Households that rent pay about 11.43% of their income on rent here. 88347’s most expensive areas are in the central regions, while the cheapest areas are in the central 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
- 88354, NM: equally priced homes
- 88350, NM: less expensive homes
- 88349, NM: less expensive homes
- 88344, NM: less expensive homes
- 88310, NM: less expensive homes
- 88330, NM: less expensive homes
- 88250, NM: less expensive homes
- 88210, NM: less expensive homes
- 87940, NM: less expensive homes
- 87937, NM: less expensive homes
Zip Codes with Similar Populations
- 79518, TX: less expensive homes
- 48630, MI: less expensive homes
- 49942, MI: less expensive homes
- 50272, IA: less expensive homes
- 55766, MN: less expensive homes
- 57473, SD: less expensive homes
- 58641, ND: equally priced homes
- 75780, TX: less expensive homes
- 77436, TX: less expensive homes
- 77961, TX: less expensive homes
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