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Area data

Zcta 88242, NM — ZIP 88242

Population: 8,472 (Census ACS)

The median home value in ZIP 88242 (Zcta 88242, NM) is $294,633 — up 6.2% over the past year. Homes sell for a median $365,000 after a median 42 days on market. FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Moderate, with hail, lightning, wildfire the top-rated hazards. Cost of living is 7.5% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$294,633

Median home value

+6.2%

1-year change

42

Median days on market

Relatively Moderate

Hazard risk (county)

Home values & appreciation

Median home value
$294,633
1-year appreciation
+6.2%
3-year appreciation
+8.7%
5-year appreciation
+3.6%
10-year appreciation
+26.0%
All-time peak (2026-07)
$294,633
House Price Index (state)
406.5 (+0.8% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$365,000
Median list price
$330,000
Median price per sqft
$187
1-year sale-price change
-9.2%
Median days on market
42 days
Homes sold (recent period)
17
For-sale inventory
14
Active listings
5
1-year forecast
-3.8%
New listings (monthly)
6

Source: recent area sales and market data (ZIP-level)

Rents

Studio fair-market rent
$882/mo
1BR fair-market rent
$1,103/mo
2BR fair-market rent
$1,319/mo
3BR fair-market rent
$1,715/mo
4BR fair-market rent
$1,979/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Below Average)
92.5 (100 = US avg)
Electricity rate (state-level)
15.1¢/kWh
Natural gas rate (state-level)
$9.80/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Moderate
Top hazards (county)
hail, lightning, wildfire, winterWeather, coldWave
Notable hazard ratings (county)
coldWave: Relatively Moderate · drought: Relatively Moderate · hail: Relatively High · heatWave: Relatively Low · iceStorm: Relatively Moderate · inlandFlooding: Relatively Moderate
FEMA flood zone
AE
Flood risk level
High
Wildfire risk to homes (county)
Higher than 93% of US counties
Buildings in wildfire direct-exposure zone
37.8%
Radon potential (county)
Moderate radon potential — EPA Zone 2 of 3
EPA Superfund (NPL) sites within 5 mi
None
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
65.0°F
Average high
77.0°F
Average low
53.0°F
Annual precipitation
8.5 in
Annual snowfall
4.1 in
USDA plant hardiness zone
8a (extreme annual low 10 to 15°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Good
Median AQI (annual)
45
Days with Good air quality
235
Days with Moderate air quality
122
Highest AQI recorded (year)
133

Source: EPA air quality data (nearest monitoring station, annual)

Walkability & transit

Walkability index
8.2 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
4,564
Jobs reachable by transit (45 min)
4,945

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

Airports within 30 mi
7
Nearest airport
Industrial Airpark (HBB) (4 mi)
Nearest major airport
Lea County Regional Airport (HOB) (8 mi)
Hospitals nearby (~15 mi)
2
Hospitals include
COVENANT HEALTH HOBBS HOSPITAL, NOR-LEA HOSPITAL DISTRICT
Avg hospital rating (CMS)
3.0 / 5
Best hospital rating nearby (CMS)
3.0 / 5
Solar radiation rating
Excellent (5.5 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-387 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,994
Housing built before 1970
10.4%
Housing built 2000 or later
45.1%
Median annual property tax
$1,323
Mean commute to work
23 min
Households with broadband internet
66.2%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
28,186
Average weekly wage
$1,299
Top industries (by employment)
Mining, Accommodation & Food, Construction
Annual residential building permits (county)
144

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 88242State medianUS median
Median home value$294,633$276,184$289,727
Median sale price$365,000$325,000$325,000
Median days on market42 days90 days51 days
Median annual property tax$1,323$929$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 88242?
$294,633.
What is the median sale price in ZIP 88242?
$365,000.
How long do homes take to sell in ZIP 88242?
Median days on market: 42 days.
What is typical rent in ZIP 88242?
2-bedroom fair-market rent: $1,319/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in ZIP 88242?
Overall risk: Relatively Moderate (FEMA NRI, county-level). Top hazards: hail, lightning, wildfire, winterWeather, coldWave.
Is ZIP 88242 in a flood zone?
High (FEMA NFIP). FEMA flood zone AE.
What is the wildfire risk in ZIP 88242?
Risk to homes is higher than 93% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 88242?
Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 88242?
No current or proposed National Priorities List sites within 5 miles (EPA).
Is ZIP 88242 walkable?
Walkability index: 8.2/20 (EPA Smart Location Database).
What is the air quality in ZIP 88242?
Good. Median AQI: 45. (EPA AQI).
What is the cost of living in ZIP 88242?
Regional Price Parity: 92.5 (100 = US average) (Below Average) (BEA RPP, metro/state-level).

Nearby ZIP codes

Selling a home in Zcta 88242, NM?

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents