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Affordable
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These days, finding an affordable place to live in the 88415 area can be challenging. Home prices in 88415 are now at a median cost of $148,150, lower than the New Mexico average of $265,486.
The average cost of rent is $682/mo in 88415, primarily driven by the current value of real estate in the 88415 area. In 88415, 28.43% of households rent, and 61.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88415 is $3,894 per month. Households that rent pay about 17.52% of their income on rent here. 88415’s most expensive areas are in the northwestern 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
- 79087, TX: less expensive homes
- 73937, OK: less expensive homes
- 88424, NM: higher priced homes
- 88422, NM: higher priced homes
- 79051, TX: higher priced homes
- 79084, TX: equally priced homes
- 73949, OK: equally priced homes
- 87728, NM: higher priced homes
- 73960, TX: higher priced homes
- 87747, NM: equally priced homes
Zip Codes with Similar Populations
- 02562, MA: higher priced homes
- 67661, KS: less expensive homes
- 74547, OK: less expensive homes
- 83639, ID: higher priced homes
- 84333, UT: higher priced homes
- 85933, AZ: higher priced homes
- 88045, NM: less expensive homes
- 49096, MI: higher priced homes
- 95633, CA: higher priced homes
- 98244, WA: higher priced homes
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