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Clovis city, NM

ZIP 88101 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 88101

Median Home Value
$162,400
Median Rent
$826
Affordability Snapshot
$45,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,043/mo PITI).

18%
Rent-to-Income Ratio

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

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

16.4 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 88101 in Clovis city, NM, a household would need roughly $45,000 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 $1,043. That sits below the local median household income ($55,349), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
60.3%-8% vs US avg
x
Vacancy Rate
13.0%+26% vs US avg
x
Broadband Access
88.4%+2% vs US avg
x
4+ Bedrooms
2.0%-86% vs US avg
x
Built Pre-1939
6.3%-51% vs US avg
x
Built Post-2014
0.4%-95% vs US avg
x
Rent Burden >30%
26.8%-46% vs US avg
x
Mortgage-Free
43.9%+15% vs US avg
x
$162,400
Home Value
$826
Rent
1977
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached73.1%
  • 1-unit attached4.5%
  • 2-9 units10.6%
  • 10+ units3.8%
  • Mobile home & other8.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$162,400
Median rent$826
Owner-occupied60.3%
Vacant13.0%
Price-to-income2.9x
Est. income to buy$45,000