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Affordable
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These days, finding an affordable place to live in the 88417 area can be challenging. Home prices in 88417 are now at a median cost of $219,700, lower than the New Mexico average of $265,486.
The average cost of rent is $590/mo in 88417, primarily driven by the current value of real estate in the 88417 area. In 88417, 18.98% of households rent, and 59.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88417 is $5,017 per month. Households that rent pay about 11.76% of their income on rent here. 88417’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
- 88435, NM: less expensive homes
- 88120, NM: higher priced homes
- 88112, NM: higher priced homes
- 87070, NM: less expensive homes
- 87035, NM: less expensive homes
- 87032, NM: less expensive homes
- 87015, NM: higher priced homes
- 87059, NM: higher priced homes
- 79045, TX: less expensive homes
- 87123, NM: equally priced homes
Zip Codes with Similar Populations
- 81653, CO: higher priced homes
- 47869, IN: equally priced homes
- 48743, MI: equally priced homes
- 49289, MI: less expensive homes
- 49877, MI: less expensive homes
- 50033, IA: higher priced homes
- 50165, IA: less expensive homes
- 50255, IA: less expensive homes
- 50573, IA: less expensive homes
- 50664, IA: less expensive homes
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