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Affordable
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These days, finding an affordable place to live in the 88424 area can be challenging. Home prices in 88424 are now at a median cost of $169,654, lower than the New Mexico average of $265,486.
The average cost of rent is $765/mo in 88424, primarily driven by the current value of real estate in the 88424 area. In 88424, 23.49% of households rent, and 79.01% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88424 is $6,227 per month. Households that rent pay about 12.29% of their income on rent here. 88424’s most expensive areas are in the southeastern 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
- 88415, NM: less expensive homes
- 73937, OK: less expensive homes
- 87728, NM: higher priced homes
- 87714, NM: equally priced homes
- 79051, TX: higher priced homes
- 87749, NM: higher priced homes
- 87718, NM: higher priced homes
- 87558, NM: higher priced homes
- 73949, OK: less expensive homes
- 87525, NM: higher priced homes
Zip Codes with Similar Populations
- 79777, TX: higher priced homes
- 45166, OH: higher priced homes
- 45617, OH: higher priced homes
- 45870, OH: equally priced homes
- 46345, IN: equally priced homes
- 46786, IN: higher priced homes
- 49775, MI: higher priced homes
- 76887, TX: higher priced homes
- 78007, TX: less expensive homes
- 79033, TX: higher priced homes
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