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Affordable
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These days, finding an affordable place to live in the 88427 area can be challenging. Home prices in 88427 are now at a median cost of $157,500, lower than the New Mexico average of $265,486.
The average cost of rent is $934/mo in 88427, primarily driven by the current value of real estate in the 88427 area. In 88427, 51.76% of households rent, and 59.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 88427 is $3,036 per month. Households that rent pay about 30.77% of their income on rent here. 88427’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
- 88121, NM: equally priced homes
- 88120, NM: higher priced homes
- 88112, NM: higher priced homes
- 79035, TX: equally priced homes
- 79085, TX: less expensive homes
- 79045, TX: less expensive homes
- 88353, NM: less expensive homes
- 88321, NM: less expensive homes
- 79042, TX: higher priced homes
- 79094, TX: equally priced homes
Zip Codes with Similar Populations
- 81335, CO: higher priced homes
- 43317, OH: higher priced homes
- 43463, OH: higher priced homes
- 43467, OH: higher priced homes
- 43519, OH: less expensive homes
- 44080, OH: higher priced homes
- 79032, TX: less expensive homes
- 80740, CO: higher priced homes
- 80801, CO: higher priced homes
- 81241, CO: higher priced homes
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