New Mexico

Hidalgo County

ZIP 88056

4,097 residents$49,076 median HHI5 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$114,000

ACS 5-Year

Cap rate proxy

8.5%

FMR × 0.65 ÷ Home Value

Rent-to-income

19.6%

HUD FMR ÷ ACS HHI

Net migration

IRS SOI

Permits (TTM)

Census BPS

Climate risk

8.9

FEMA NRI (0–100)

ZIP 88056

Median home value

$114,000

Gross yield

10.2%

Cap rate

8.5%

Rent gap

17.5%

Affordability

P/I: 2.3R/I:

Section 8 detail

SAFMR: $973Rent: $803Gap: 21.2%
ZIP code breakdown5 ZIP codes

Numbers repeat across ZIPs in this county

ZIP-level home-value data isn't published for rural areas. Federal sources (Census ACS, HUD non-metro FMR) are available at the county level only, so home-value, cap-rate, and rent-gap numbers use the county estimate for every ZIP in the county.

ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
88009$114,000county est.$97310.2%8.5%17.5%
88020$114,000county est.$97310.2%8.5%17.5%
88040$114,000county est.$97310.2%8.5%17.5%
88045$114,000county est.$97310.2%8.5%17.5%
88056$114,000county est.$97310.2%8.5%17.5%

Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.

Demographics

Owner-occupied

75.3%

Census ACS

Vacancy rate

32.4%

Census ACS

Bachelor's degree +

17.8%

Census ACS

Rent burdened

50.8%

Census ACS (>30% income)

Median age

42.3

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026