Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in ZCTA5 88415, New Mexico?
ZIP code · Census ACS 5-Year estimates
The median gross rent in ZCTA5 88415, New Mexico (ZIP 88415) is $673/month (±$118), based on Census ACS 5-Year estimates (2024). The median home value is $120,800 (±$16,780), and the median household income is $44,952/year. The unemployment rate in Union County, New Mexico was 3.4% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for ZIP 88415
| Metric | Value |
|---|---|
| Median Gross Rent | $673 |
| Median Home Value | $120,800 |
| Median Household Income | $44,952 |
| Total Housing Units | 1,159 |
| Renter-Occupied Units | 328 |
| Renter-Occupied Share | 28% |
| Households Paying 50%+ Income | 29 households |
| Unemployment Rate(April 2026) | 3.4% |
How does ZIP 88415 compare?
Median gross rent ranked against all ZIP codes in New Mexico.
Higher rent than 19% of ZIP codes in New Mexico · 142th of 173
| # | ZIP code | Value |
|---|---|---|
| 1 | ZCTA5 87043 | $2,717 |
| 2 | ZCTA5 87122 | $2,534 |
| 3 | ZCTA5 87116 | $1,766 |
| … 138 more … | ||
| 142 | ZCTA5 88415(you are here) | $673 |
| … 28 more … | ||
| 171 | ZCTA5 88029 | $414 |
| 172 | ZCTA5 88119 | $387 |
| 173 | ZCTA5 88340 | $330 |
Geography
ZIP 88415 is in Union County, New Mexico.
It covers part of Clayton town city, New Mexico.
More data for ZCTA5 88415
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Frequently asked questions
What is the average rent in ZCTA5 88415, New Mexico?
The median gross rent in ZCTA5 88415, New Mexico (ZIP 88415) is $673/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in ZCTA5 88415, New Mexico?
The median rent for a 2-bedroom in ZCTA5 88415, New Mexico is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in ZCTA5 88415, New Mexico?
The median home value in ZCTA5 88415, New Mexico (ZIP 88415) is $120,800 according to Census ACS 5-Year estimates (2024).
What percentage of renters in ZCTA5 88415 are rent-burdened?
In ZCTA5 88415, New Mexico, 29 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in ZCTA5 88415, New Mexico?
The median household income in ZCTA5 88415, New Mexico is $44,952/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $673 has a margin of error of ±$118. In very small areas, MOEs can be large relative to the estimate.
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