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These days, finding an affordable place to live in the 88401 area can be challenging. Home prices in 88401 are now at a median cost of $101,622, lower than the New Mexico average of $265,486.
The average cost of rent is $994/mo in 88401, primarily driven by the current value of real estate in the 88401 area. In 88401, 29.15% of households rent, and 63.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88401 is $4,053 per month. Households that rent pay about 24.54% of their income on rent here. 88401’s most expensive areas are in the southeastern 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
- 88434, NM: higher priced homes
- 88411, NM: higher priced homes
- 88431, NM: higher priced homes
- 79001, TX: higher priced homes
- 79092, TX: higher priced homes
- 87724, NM: less expensive homes
- 87711, NM: higher priced homes
- 79098, TX: higher priced homes
- 87583, NM: higher priced homes
- 79012, TX: higher priced homes
Zip Codes with Similar Populations
- 30802, GA: higher priced homes
- 75693, TX: higher priced homes
- 75754, TX: higher priced homes
- 01524, MA: higher priced homes
- 79339, TX: equally priced homes
- 83330, ID: higher priced homes
- 83856, ID: higher priced homes
- 32730, FL: higher priced homes
- 95139, CA: higher priced homes
- 31546, GA: higher priced homes
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