New Mexico
Lea County
ZIP 88231
73,154 residents153 permits TTM$68,750 median HHI11 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$176,000
ACS 5-Year
Cap rate proxy
7.6%
FMR × 0.65 ÷ Home Value
Rent-to-income
19.5%
HUD FMR ÷ ACS HHI
Net migration
+0.49%
IRS SOI
Permits (TTM)
153
Census BPS
Climate risk
86.0
FEMA NRI (0–100)
ZIP 88231
Median home value
—
Gross yield
—
Buy Box score
—
Section 8 gap
—
Affordability
P/I: 2.3R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown11 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 88240 | — | — | — | 0.9 | — |
| 88252 | — | — | — | 0.6 | — |
| 88260 | — | — | — | 0.5 | — |
| 88242 | — | — | — | 0.2 | — |
| 88114 | — | — | — | — | — |
| 88231 | — | — | — | — | — |
| 88244 | — | — | — | — | — |
| 88262 | — | — | — | — | — |
| 88264 | — | — | — | — | — |
| 88265 | — | — | — | — | — |
| 88267 | — | — | — | — | — |
Sort by any column. Click a ZIP for detail.
Demographics
Owner-occupied
69.5%
Census ACS
Vacancy rate
12.6%
Census ACS
Bachelor's degree +
15.3%
Census ACS
Rent burdened
38.5%
Census ACS (>30% income)
Median age
32.5
Census ACS
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