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Alma CDP, NM

ZIP 88039 — 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 88039

Median Home Value
$161,600
Median Rent
$524
Affordability Snapshot
$44,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,038/mo PITI).

21%
Rent-to-Income Ratio

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

5.4x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

25.7 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 88039 in Alma CDP, NM, a household would need roughly $44,000 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 $1,038. That is about 48% above the local median household income ($29,675), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 41% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
82.8%+27% vs US avg
x
Vacancy Rate
41.3%+301% vs US avg
x
Broadband Access
71.9%-17% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
9.6%-25% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
46.3%-7% vs US avg
x
Mortgage-Free
51.4%+34% vs US avg
x
$161,600
Home Value
$524
Rent
1979
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached62.3%
  • 1-unit attached0.9%
  • 2-9 units1.7%
  • 10+ units0.0%
  • Mobile home & other35.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$161,600
Median rent$524
Owner-occupied82.8%
Vacant41.3%
Price-to-income5.4x
Est. income to buy$44,000