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ZIP Code · NM

ZIP 88061

Pop. 17,464·Grant County·16th most expensive ZIP in New Mexico
Median rent (all units)
$1,575/mo
Year-over-Year
Stable
Month-over-Month
+45.8%
vs US Median
-$387
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 88061 · $1,575
More affordable than 68% of US ZIP codes · National median $1,962/mo
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Medians by bedroom

Rent by unit size

Studio
$820
1 BR
$830
2 BR
$1,080
3 BR
$1,340
4 BR+
$1,430
Research median
$1,080/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: August 17, 2026

Annual cost
$18,900/yr
At $1,575/mo median
Location
StateNM
CountyGrant County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +45.8% MoM), not inventory.
Demographics

Who lives here

ZIP 88061 (Silver City, NM) is majority owner-occupied, has a large retiree population, has a median income below the national average, 35.2% of residents hold a bachelor's degree or higher.

Population
17,464
Median income
$47,917
Median age
49.5
Renters
26.6%
Age distribution
17.7%
15.8%
22.3%
14.3%
30%
Under 1817.7%
18–3415.8%
35–5422.3%
55–6414.3%
65+30%
Gender
49.9%
50.1%
Male49.9%
Female50.1%
Race & ethnicity
65.6%
41.6%
White65.6%
Black1.2%
Hispanic41.6%
Asian1.3%
Education (25+)
24.4%
32.4%
35.2%
No HS diploma8.1%
HS diploma24.4%
Some college32.4%
Bachelor's+35.2%
Housing tenure
73.4%
26.6%
Owner73.4%
Renter26.6%

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

2021 vs 2026

How ZIP 88061 in Silver City, NM has changed in 5 years

Income
$40,229 → $47,917
up 19.1%
Population
17,683 → 17,464
down 1.2%
Renter share
33.7% → 26.6%
-7.1 pts
Bachelor's+
28.7% → 35.2%
+6.5 pts
Median age
47.1 → 49.5
+2.4 yrs

Median household income climbed from $40,229 to $47,917 between 2021 and 2024, a 19.1% shift. Census counts show ZIP 88061 in Silver City, NM losing about 219 residents over the five-year window, down 1.2% on net. The renter share has eased from 33.7% to 26.6%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 28.7% to 35.2% across the same window.

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Local insights

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About renting in ZIP 88061

Last updated: August 17, 2026

ZIP code 88061 covers Silver City, NM. The median rent here is $1,575/mo as of August 2026. A 1-bedroom rents for a median of $830/mo. A 2-bedroom rents for a median of $1,080/mo.

At 39% of local median household income ($47,917/yr), ZIP 88061 ranks as moderate 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 88061?

As of August 17, 2026, the median monthly rent in ZIP 88061 (Silver City, NM) is $1,575. This is based on aggregated data from public sources and community submissions.

How does ZIP 88061 rent compare to the US average?

ZIP 88061's median rent of $1,575/mo is $387 (20%) below the US national median of $1,962/mo.

How does ZIP 88061 compare to other ZIPs in New Mexico?

ZIP 88061 falls in the middle range for New Mexico, ranking #16 out of 37 ZIPs at $1,575/mo.

How much income do you need to rent in ZIP 88061?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (~$30/hour full-time) to afford the median rent of $1,575/mo in ZIP 88061. The local median household income is $47,917/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 88061?

Rent in ZIP 88061 has been relatively stable over the past year, with a 0.0% change year over year as of August 17, 2026.

Is ZIP 88061 an affordable place to rent?

ZIP 88061 is considered moderate for renters. At $1,575/mo, rent takes approximately 39% of the local median household income ($47,917/yr). The standard benchmark is 30%. ZIP 88061 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 88061 residents rent vs. own?

According to Census data, approximately 26.6% of ZIP 88061 households are renters, while 73.4% are owner-occupied. ZIP 88061 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 88061 compare to the rest of Silver City?

ZIP 88061 is pricier than Silver City as a whole. At $1,575/mo, it's $112 above the Silver City citywide median of $1,463/mo.

When was rent data for ZIP 88061 last updated?

Rent data for ZIP 88061 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
39%
MODERATE

At $1,575/mo, rent takes ~39% of ZIP 88061's median household income ($47,917/yr). The standard benchmark is 30%.

ZIP 88061 39%Benchmark 30%
State income tax1.7–5.9%
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Schools nearby

Public schools near ZIP 88061 (Silver City, NM)

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