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ZIP Code · NM

ZIP 88008

Pop. 12,623·Dona Ana County·15th most expensive ZIP in New Mexico
Median rent (all units)
$1,598/mo
Year-over-Year
Stable
Month-over-Month
-1.4%
vs US Median
-$367
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 88008 · $1,598
More affordable than 67% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$850
1 BR
$1,090
2 BR
$1,190
3 BR
$1,660
4 BR+
$1,800
Research median
$1,190/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$19,176/yr
At $1,598/mo median
Location
StateNM
CountyDona Ana County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 0.0% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+0.0% YoY, -1.4% MoM), not inventory.
Demographics

Who lives here

ZIP 88008 (Santa Teresa, NM) is majority owner-occupied, has a large share of families with children, 38.4% of residents hold a bachelor's degree or higher.

Population
12,623
Median income
$73,848
Median age
32.5
Renters
14.5%
Age distribution
31.2%
23%
24.9%
Under 1831.2%
18–3423%
35–5424.9%
55–6411.9%
65+8.9%
Gender
51.9%
48.1%
Male51.9%
Female48.1%
Race & ethnicity
30.3%
86.4%
White30.3%
Black1.6%
Hispanic86.4%
Education (25+)
24.2%
30.2%
38.4%
No HS diploma7.3%
HS diploma24.2%
Some college30.2%
Bachelor's+38.4%
Housing tenure
85.5%
14.5%
Owner85.5%
Renter14.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 88008 in Santa Teresa, NM has changed in 5 years

Income
$63,446 → $73,848
up 16.4%
Population
11,003 → 12,623
up 14.7%
Renter share
21.6% → 14.5%
-7.1 pts
Bachelor's+
42.7% → 38.4%
-4.3 pts
Median age
30.6 → 32.5
+1.9 yrs

On the earnings side, the typical household in ZIP 88008 in Santa Teresa, NM now reports about $73,848, up from $63,446 in 2021. The population has grown by 14.7% since 2021, moving from about 11,003 residents to roughly 12,623. Renters now make up 14.5% of households, compared with 21.6% five years ago. College-educated residents now make up 38.4% of adults here, versus 42.7% in 2021.

Community

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Local insights

Tips for renters in ZIP 88008

About renting in ZIP 88008

Last updated: July 20, 2026

ZIP code 88008 covers Santa Teresa, NM. The median rent here is $1,598/mo as of July 2026. A 1-bedroom rents for a median of $1,090/mo. A 2-bedroom rents for a median of $1,190/mo.

At 26% of local median household income ($73,848/yr), ZIP 88008 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 88008?

As of July 20, 2026, the median monthly rent in ZIP 88008 (Santa Teresa, NM) is $1,598. This is based on aggregated data from public sources and community submissions.

How does ZIP 88008 rent compare to the US average?

ZIP 88008's median rent of $1,598/mo is $367 (19%) below the US national median of $1,965/mo.

How does ZIP 88008 compare to other ZIPs in New Mexico?

ZIP 88008 falls in the middle range for New Mexico, ranking #15 out of 35 ZIPs at $1,598/mo.

How much income do you need to rent in ZIP 88008?

To keep rent at or below 30% of gross income, you would need to earn at least $64,000/year (~$31/hour full-time) to afford the median rent of $1,598/mo in ZIP 88008. The local median household income is $73,848/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 88008?

Rent in ZIP 88008 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 88008 an affordable place to rent?

ZIP 88008 is considered affordable for renters. At $1,598/mo, rent takes approximately 26% of the local median household income ($73,848/yr). The standard benchmark is 30%. ZIP 88008 falls comfortably within that range.

What percentage of ZIP 88008 residents rent vs. own?

According to Census data, approximately 14.5% of ZIP 88008 households are renters, while 85.5% are owner-occupied. ZIP 88008 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 88008 compare to the rest of Santa Teresa?

ZIP 88008 sits right at the Santa Teresa citywide median of $1,598/mo.

When was rent data for ZIP 88008 last updated?

Rent data for ZIP 88008 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
26%
AFFORDABLE

At $1,598/mo, rent takes ~26% of ZIP 88008's median household income ($73,848/yr). The standard benchmark is 30%.

ZIP 88008 26%Benchmark 30%
State income tax1.7–5.9%
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Schools nearby

Public schools near ZIP 88008 (Santa Teresa, NM)

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