U.S. ZIP Code · NM88061
Grant County
Appreciation
- 1-year
- -8.5%
- 5-year / yr
- -0.8%
- 10-year / yr
- +1.9%
Relative price
- vs U.S.
- -20.0%
- vs metro
- —
- vs state
- -18.7%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 88061 is worth $227,231. Over the past year, values have fallen 8.5%. The effective property tax rate is 0.4%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#Climate risk
FEMA National Risk Index ratings for Grant County. "Not Applicable" means the hazard does not threaten the county.
- Overall risk
- Relatively Low[4]
- Riverine flood
- Relatively Moderate
- Coastal flood
- Not Applicable
- Wildfire
- Relatively Moderate
- Drought
- Relatively Low
- Heat wave
- Relatively Low
- Hurricane
- Very Low
- Tornado
- Very Low
- Earthquake
- Very Low
- Winter weather
- Relatively Moderate
#Who lives here
#Migration
Household moves in and out of Grant County over a year, from IRS tax-return data.
- Net migration
- +44[5]
- Moved in
- 642
- Moved out
- 598
Schools
Open public schools in this ZIP, from the NCES Common Core of Data.
- Public schools
- 8
- Elementary
- 4
- Middle
- 1
- High
- 2
SILVER HIGH
High · Grades 9–12 · SILVER CITY
645 students
HARRISON SCHMITT ELEMENTARY
Elementary · Grades 1–6 · SILVER CITY
333 students
G.W.STOUT ELEMENTARY
Elementary · Grades 1–6 · SILVER CITY
314 students
LA PLATA MIDDLE
Middle · Grades 7–8 · SILVER CITY
288 students
JOSE BARRIOS ELEMENTARY
Elementary · Grades 1–6 · SILVER CITY
212 students
Run the numbers
Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.
Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.
Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.
This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.
#Metro ranking
Where this ZIP sits among others in its metro area.
Frequently asked
- How much is a home worth in ZIP code 88061?
- The typical home in 88061 is worth $227,231, based on the Zillow Home Value Index.
- Are home values rising in 88061?
- Home values in 88061 are down 8.5% over the past year, and down 0.8% a year over five years.
- What is the property tax rate in 88061?
- The effective property tax rate in 88061 is 0.4% — roughly $884 a year on a typical home.
- Who lives in 88061?
- ZIP code 88061 has a population of 17,464 and a median household income of $47,917.
Compare ZIPs
Pit ZIP 88061 against any other ZIP — full side-by-side table.
#Jump to section