88340
$118,000median sale price
The 88340 zip code, located in Arroyo Seco, NM, is currently classified as a leaning buyer's. The median sale price stands at $118,000. Homes in this area spend an average of 2922 days on the market before going under contract.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 88340 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Homes sold
1
Last 12 weeks
Days on market
2922
Average pace
Active listings
—
Sale-to-list
—
Below asking
Market analysis for 88340
The 88340 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, market dynamics influence how quickly homes sell and at what price relative to their listing.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 88340 have remained relatively stable compared to last year. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
Community profile
Population
3,969
Median income
$38,209/yr
Median age
32.5 years
Owner-occupied
6350.0%
College grads
1500.0%
Avg commute
27.1 min
Living in 88340
Zip code 88340 is home to approximately 3,969 residents. The median household income is $38,209 per year, which shapes the types of homes and amenities available in the area. With a median age of 32.5 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 6350.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 1500.0% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 27.1 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 88340.
Frequently asked questions about 88340
What is the median home price in 88340?
The current median sale price in 88340 is $118,000, based on recent Redfin transaction data. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 88340 a buyer's or seller's market?
The 88340 zip code is currently classified as a leaning buyer's. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population and demographics of 88340?
Zip code 88340 has a population of approximately 3,969 residents. The median household income is $38,209 per year. About 6350.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 88340?
Properties Incorporated provides comprehensive data for 88340 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 88340 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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