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Columbus village, NM

ZIP 88029 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 88029

Median Home Value
$91,400
Median Rent
$242
Affordability Snapshot
$25,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$587/mo PITI).

12%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.7x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

31.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 88029 in Columbus village, NM, a household would need roughly $25,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $587. That is roughly in line with the local median household income ($24,554). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 43% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
57.6%-12% vs US avg
x
Vacancy Rate
43.4%+322% vs US avg
x
Broadband Access
59.5%-32% vs US avg
x
4+ Bedrooms
0.9%-94% vs US avg
x
Built Pre-1939
0.0%
x
Built Post-2014
5.3%-23% vs US avg
x
Rent Burden >30%
5.0%-90% vs US avg
x
Mortgage-Free
66.7%+75% vs US avg
x
$91,400
Home Value
$242
Rent
1981
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached41.5%
  • 1-unit attached0.0%
  • 2-9 units4.6%
  • 10+ units0.9%
  • Mobile home & other53.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$91,400
Median rent$242
Owner-occupied57.6%
Vacant43.4%
Price-to-income3.7x
Est. income to buy$25,000