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Cotton City CDP, NM

ZIP 88020 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 88020

Median Home Value
$158,000
Median Rent
$671
Affordability Snapshot
$43,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,015/mo PITI).

12%
Rent-to-Income Ratio

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

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

19.6 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 88020 in Cotton City CDP, NM, a household would need roughly $43,000 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 $1,015. That sits below the local median household income ($66,938), 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 31% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
88.6%+35% vs US avg
x
Vacancy Rate
31.2%+203% vs US avg
x
Broadband Access
77.8%-11% vs US avg
x
4+ Bedrooms
0.7%-96% vs US avg
x
Built Pre-1939
1.3%-90% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
13.9%-72% vs US avg
x
Mortgage-Free
67.7%+77% vs US avg
x
$158,000
Home Value
$671
Rent
1979
Year Built
2005
Moved In

Residents have lived here since ~2005 on average

Housing Structure

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

  • 1-unit detached62.0%
  • 1-unit attached0.0%
  • 2-9 units0.9%
  • 10+ units0.0%
  • Mobile home & other37.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$158,000
Median rent$671
Owner-occupied88.6%
Vacant31.2%
Price-to-income2.4x
Est. income to buy$43,000