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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 $106,500, lower than the New Mexico average of $199,923.
The average cost of rent is $385/mo in 88417, primarily driven by the current value of real estate in the 88417 area. While nearly 62.59% of residents own their homes outright in 88417, 4.59% rent.
Housing affordability isn’t just about home prices, though. The average household income in 88417 is $2,951 per month. Households that rent pay about 13.05% of their income on rent here. 88417's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 88435, NM: equally priced homes
- 88120, NM: higher priced homes
- 88112, NM: higher priced homes
- 87070, NM: equally priced homes
- 87035, NM: higher priced homes
- 87032, NM: higher priced homes
- 87015, NM: higher priced homes
- 87059, NM: higher priced homes
- 79045, TX: equally priced homes
- 87123, NM: higher priced homes
Zip Codes with Similar Populations
- 81653, CO: higher priced homes
- 47869, IN: higher priced homes
- 48743, MI: higher priced homes
- 49289, MI: higher priced homes
- 49877, MI: higher priced homes
- 50033, IA: higher priced homes
- 50165, IA: equally priced homes
- 50255, IA: less expensive homes
- 50573, IA: less expensive homes
- 50664, IA: higher priced homes
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