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These days, finding an affordable place to live in the 88416 area can be challenging. Home prices in 88416 are now at a median cost of $114,100, lower than the New Mexico average of $199,923.
The average cost of rent is $572/mo in 88416, primarily driven by the current value of real estate in the 88416 area. While nearly 94.67% of residents own their homes outright in 88416, 0.00% rent.
Housing affordability isn’t just about home prices, though. The average household income in 88416 is $3,608 per month. Households that rent pay about 15.86% of their income on rent here. 88416's most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 88421, NM: equally priced homes
- 88439, NM: equally priced homes
- 88426, NM: less expensive homes
- 87711, NM: less expensive homes
- 87569, NM: equally priced homes
- 87583, NM: higher priced homes
- 87560, NM: equally priced homes
- 87565, NM: higher priced homes
- 87538, NM: higher priced homes
- 87562, NM: higher priced homes
Zip Codes with Similar Populations
- 95248, CA: higher priced homes
- 16624, PA: higher priced homes
- 16682, PA: equally priced homes
- 16734, PA: less expensive homes
- 16835, PA: higher priced homes
- 16850, PA: less expensive homes
- 16855, PA: less expensive homes
- 17730, PA: equally priced homes
- 17884, PA: higher priced homes
- 17949, PA: less expensive homes
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