US5.com
  1. Home
  2. States
  3. New Mexico
  4. ZIP 88048
  5. Housing & Real Estate
Mesquite CDP, NM

ZIP 88048 — 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 88048

Median Home Value
$98,200
Median Rent
$525
Affordability Snapshot
$27,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$631/mo PITI).

13%
Rent-to-Income Ratio

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

2.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

15.6 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 88048 in Mesquite CDP, NM, a household would need roughly $27,000 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 $631. That sits below the local median household income ($49,432), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
87.3%+33% vs US avg
x
Vacancy Rate
8.8%-14% vs US avg
x
Broadband Access
81.6%-6% vs US avg
x
4+ Bedrooms
3.6%-76% vs US avg
x
Built Pre-1939
0.0%
x
Built Post-2014
0.0%
x
Rent Burden >30%
7.8%-84% vs US avg
x
Mortgage-Free
54.8%+43% vs US avg
x
$98,200
Home Value
$525
Rent
1992
Year Built
2000
Moved In

Residents have lived here since ~2000 on average

Housing Structure

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

  • 1-unit detached52.0%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other48.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$98,200
Median rent$525
Owner-occupied87.3%
Vacant8.8%
Price-to-income2.0x
Est. income to buy$27,000