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These days, finding an affordable place to live in the 88348 area can be challenging. Home prices in 88348 are now at a median cost of $321,400, higher than the New Mexico average of $265,486.
The average cost of rent is $1,237/mo in 88348, primarily driven by the current value of real estate in the 88348 area. In 88348, 24.92% of households rent, and 79.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88348 is $4,026 per month. Households that rent pay about 30.72% of their income on rent here. 88348’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
- 88336, NM: equally priced homes
- 88338, NM: higher priced homes
- 88324, NM: equally priced homes
- 88351, NM: higher priced homes
- 88346, NM: less expensive homes
- 88312, NM: equally priced homes
- 88316, NM: less expensive homes
- 88345, NM: less expensive homes
- 88341, NM: less expensive homes
- 88203, NM: less expensive homes
Zip Codes with Similar Populations
- 04495, ME: less expensive homes
- 04777, ME: less expensive homes
- 04853, ME: higher priced homes
- 05071, VT: higher priced homes
- 05825, VT: less expensive homes
- 06390, NY: higher priced homes
- 08316, NJ: less expensive homes
- 12433, NY: higher priced homes
- 12444, NY: equally priced homes
- 12749, NY: less expensive homes
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