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Carlsbad city, NM

ZIP 88220 — 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 88220

Median Home Value
$192,600
Median Rent
$1,060
Affordability Snapshot
$53,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,237/mo PITI).

16%
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.

15.1 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 88220 in Carlsbad city, NM, a household would need roughly $53,000 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 $1,237. That sits below the local median household income ($79,668), 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 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
75.5%+15% vs US avg
x
Vacancy Rate
12.2%+18% vs US avg
x
Broadband Access
84.6%-3% vs US avg
x
4+ Bedrooms
3.3%-78% vs US avg
x
Built Pre-1939
8.8%-31% vs US avg
x
Built Post-2014
0.3%-95% vs US avg
x
Rent Burden >30%
13.1%-74% vs US avg
x
Mortgage-Free
54.3%+42% vs US avg
x
$192,600
Home Value
$1,060
Rent
1974
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 detached74.8%
  • 1-unit attached0.9%
  • 2-9 units7.9%
  • 10+ units2.4%
  • Mobile home & other14.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$192,600
Median rent$1,060
Owner-occupied75.5%
Vacant12.2%
Price-to-income2.4x
Est. income to buy$53,000