ZIP Code · NM

ZIP 88101

Part of Clovis, NM

Pop. 44,846·Curry County·27th most expensive ZIP in New Mexico

Median rent (all units)

$1,315/mo

Year-over-Year

+4.7%

Month-over-Month

+0.5%

vs US Median

-$617

Reported rents

Rising (Monthly)

Be the first to discuss 88101 rents ↓

Most AffordableMost Expensive

ZIP 88101 · $1,315

More affordable than 85% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$790

1 BR

$930

2 BR

$1,140

3 BR

$1,480

4 BR+

$1,910

Research median

$1,140/mo

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

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 88101 is at its highest level since Zillow's records here began in January 2022.

Past year vs. the rest of New Mexico

Rent in ZIP 88101 changed +4.7% over the year to September 2026. Across the 32 New Mexico ZIP codes Zillow tracks, the typical change was +3.2%.

Recent direction

Rent has risen 7 months in a row, and rose in 11 of the last 12 months.

What a typical income covers

30% of the median household income ($56,587) is $1,415 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,140); a 3-bedroom is $1,480.

From Zillow's monthly rent index (ZORI) for ZIP 88101. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$15,780/yr

At $1,315/mo median

Location

CityClovis

StateNM

CountyCurry County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.7% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.7% YoY, +0.5% MoM), not inventory.

Demographics

Who lives here

ZIP 88101 (Clovis, NM) is majority owner-occupied, has a large share of families with children, has a median income below the national average, 23.2% of residents hold a bachelor's degree or higher.

Population

44,846

Median income

$56,587

Median age

31.4

Renters

38.2%

Age distribution

26.6%

29%

22.1%

12.3%

Under 1826.6%

18–3429%

35–5422.1%

55–649.9%

65+12.3%

Gender

50.7%

49.3%

Male50.7%

Female49.3%

Race & ethnicity

52.7%

46.8%

White52.7%

Black6.4%

Hispanic46.8%

Asian1.6%

Education (25+)

16.8%

27.3%

32.6%

23.2%

No HS diploma16.8%

HS diploma27.3%

Some college32.6%

Bachelor's+23.2%

Housing tenure

61.8%

38.2%

Owner61.8%

Renter38.2%

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

2022 vs 2026

How ZIP 88101 in Clovis, NM has changed in 5 years

Rent

$1,066 → $1,315

up 23.4%

Income

$50,806 → $56,587

up 11.4%

Population

46,158 → 44,846

down 2.8%

Renter share

44.5% → 38.2%

-6.3 pts

Bachelor's+

21.1% → 23.2%

+2.1 pts

The median rent in ZIP 88101 in Clovis, NM stood at $1,066 in 2022 and currently runs about $1,315, reflecting a 23.4% increase over the period. Local incomes tracked alongside that move, going from a median of $50,806 in 2021 to $56,587 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 2.8% since 2021, moving from about 46,158 residents to roughly 44,846. Renters now make up 38.2% of households, compared with 44.5% five years ago. College-educated residents now make up 23.2% of adults here, versus 21.1% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 88101 in Clovis, NM market of 2022.

Community

Discussions about ZIP 88101

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 88101

About renting in ZIP 88101

Last updated: October 17, 2026

ZIP code 88101 covers Clovis, NM. The median rent here is $1,315/mo as of October 2026. A 1-bedroom rents for a median of $930/mo. A 2-bedroom rents for a median of $1,140/mo.

At 28% of local median household income ($56,587/yr), ZIP 88101 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 88101?

To keep rent at or below 30% of gross income, you would need to earn at least $53,000/year (about $25/hour full-time) to afford the median rent of $1,315/mo in ZIP 88101. The local median household income is $56,587/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 88101?

Rent in ZIP 88101 has risen 4.7% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2022.

How does ZIP 88101 compare to other ZIPs in New Mexico?

ZIP 88101 is one of the more affordable among New Mexico ZIP codes for rent, ranking #27 of 36 at $1,315/mo. Over the year to September 2026, rent in ZIP 88101 changed +4.7%, against a typical +3.2% across the 32 New Mexico ZIP codes Zillow tracks.