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Affordable
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These days, finding an affordable place to live in the 88418 area can be challenging. Home prices in 88418 are now at a median cost of $173,553, lower than the New Mexico average of $265,486.
The average cost of rent is $762/mo in 88418, primarily driven by the current value of real estate in the 88418 area. In 88418, 23.60% of households rent, and 79.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88418 is $6,258 per month. Households that rent pay about 12.18% of their income on rent here. 88418’s most expensive areas are in the eastern 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
- 88419, NM: equally priced homes
- 88414, NM: equally priced homes
- 87740, NM: less expensive homes
- 73946, OK: less expensive homes
- 73933, OK: less expensive homes
- 73947, OK: less expensive homes
- 87558, NM: higher priced homes
- 87556, NM: higher priced homes
- 87519, NM: higher priced homes
- 87564, NM: higher priced homes
Zip Codes with Similar Populations
- 97029, OR: higher priced homes
- 16132, PA: less expensive homes
- 16939, PA: less expensive homes
- 16940, PA: higher priced homes
- 17080, PA: higher priced homes
- 19511, PA: higher priced homes
- 19544, PA: higher priced homes
- 23480, VA: equally priced homes
- 89828, NV: higher priced homes
- 95934, CA: higher priced homes
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