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Affordable
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These days, finding an affordable place to live in the 88414 area can be challenging. Home prices in 88414 are now at a median cost of $161,500, lower than the New Mexico average of $265,486.
The average cost of rent is $771/mo in 88414, primarily driven by the current value of real estate in the 88414 area. In 88414, 23.28% of households rent, and 78.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88414 is $6,163 per month. Households that rent pay about 12.51% of their income on rent here. 88414’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
- 88418, NM: equally priced homes
- 88419, NM: higher priced homes
- 87740, NM: less expensive homes
- 73946, OK: less expensive homes
- 87558, NM: higher priced homes
- 73933, OK: less expensive homes
- 87556, NM: higher priced homes
- 87519, NM: higher priced homes
- 87564, NM: higher priced homes
- 73947, OK: less expensive homes
Zip Codes with Similar Populations
- 98559, WA: higher priced homes
- 48554, MI: equally priced homes
- 48816, MI: higher priced homes
- 49084, MI: higher priced homes
- 49409, MI: higher priced homes
- 50110, IA: higher priced homes
- 50127, IA: higher priced homes
- 99174, WA: higher priced homes
- 99144, WA: higher priced homes
- 54152, WI: higher priced homes
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