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ZIP Code · NM

ZIP 88220

Part of Carlsbad, NM
Pop. 39,828·Eddy County·16th most expensive ZIP in New Mexico
Median rent (all units)
$1,568/mo
Year-over-Year
Stable
Month-over-Month
+1.2%
vs US Median
-$397
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 88220 · $1,568
More affordable than 69% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,070
1 BR
$1,120
2 BR
$1,230
3 BR
$1,680
4 BR+
$1,680
Research median
$1,230/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
$18,816/yr
At $1,568/mo median
Location
StateNM
CountyEddy County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.0% YoY, +1.2% MoM), not inventory.
Demographics

Who lives here

ZIP 88220 (Carlsbad, NM) is majority owner-occupied, 19.3% of residents hold a bachelor's degree or higher.

Population
39,828
Median income
$78,162
Median age
38.2
Renters
26%
Age distribution
24.1%
21.4%
26.9%
16.1%
Under 1824.1%
18–3421.4%
35–5426.9%
55–6411.5%
65+16.1%
Gender
53%
47%
Male53%
Female47%
Race & ethnicity
55.2%
49.4%
White55.2%
Black2.1%
Hispanic49.4%
Asian0.7%
Education (25+)
17.4%
28.3%
35%
19.3%
No HS diploma17.4%
HS diploma28.3%
Some college35%
Bachelor's+19.3%
Housing tenure
74%
26%
Owner74%
Renter26%

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

2021 vs 2026

How ZIP 88220 in Carlsbad, NM has changed in 5 years

Income
$71,588 → $78,162
up 9.2%
Population
39,557 → 39,828
up 0.7%
Renter share
26.8% → 26%
-0.8 pts
Bachelor's+
17.5% → 19.3%
+1.8 pts
Median age
36.4 → 38.2
+1.8 yrs

Census figures show median household income at $78,162 today, compared with $71,588 five years earlier.

Community

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Local insights

Tips for renters in ZIP 88220

About renting in ZIP 88220

Last updated: July 20, 2026

ZIP code 88220 covers Carlsbad, NM. The median rent here is $1,568/mo as of July 2026. A 1-bedroom rents for a median of $1,120/mo. A 2-bedroom rents for a median of $1,230/mo.

At 24% of local median household income ($78,162/yr), ZIP 88220 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 88220?

As of July 20, 2026, the median monthly rent in ZIP 88220 (Carlsbad, NM) is $1,568. This is based on aggregated data from public sources and community submissions.

How does ZIP 88220 rent compare to the US average?

ZIP 88220's median rent of $1,568/mo is $397 (20%) below the US national median of $1,965/mo.

How does ZIP 88220 compare to other ZIPs in New Mexico?

ZIP 88220 falls in the middle range for New Mexico, ranking #16 out of 35 ZIPs at $1,568/mo.

How much income do you need to rent in ZIP 88220?

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 $1,568/mo in ZIP 88220. The local median household income is $78,162/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 88220?

Rent in ZIP 88220 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 88220 an affordable place to rent?

ZIP 88220 is considered very affordable for renters. At $1,568/mo, rent takes approximately 24% of the local median household income ($78,162/yr). The standard benchmark is 30%. ZIP 88220 falls comfortably within that range.

What percentage of ZIP 88220 residents rent vs. own?

According to Census data, approximately 26% of ZIP 88220 households are renters, while 74% are owner-occupied. ZIP 88220 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 88220 compare to the rest of Carlsbad?

ZIP 88220 sits right at the Carlsbad citywide median of $1,568/mo.

When was rent data for ZIP 88220 last updated?

Rent data for ZIP 88220 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $1,568/mo, rent takes ~24% of ZIP 88220's median household income ($78,162/yr). The standard benchmark is 30%.

ZIP 88220 24%Benchmark 30%
State income tax1.7–5.9%
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Schools nearby

Public schools near ZIP 88220 (Carlsbad, NM)

Recent submissions

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