U.S. ZIP Code · NM88220
Eddy County
Appreciation
- 1-year
- +0.4%
- 5-year / yr
- -1.1%
- 10-year / yr
- +1.4%
Relative price
- vs U.S.
- -14.2%
- vs metro
- —
- vs state
- -12.8%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 88220 is worth $243,790. Over the past year, values have risen 0.4%. Homes here rent for a typical $1,556 a month — a 7.7% gross rental yield. 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 Eddy County. "Not Applicable" means the hazard does not threaten the county.
- Overall risk
- Relatively Moderate[4]
- Riverine flood
- Relatively Moderate
- Coastal flood
- Not Applicable
- Wildfire
- Relatively Low
- Drought
- Relatively Moderate
- Heat wave
- Relatively Low
- Hurricane
- Very Low
- Tornado
- Relatively Low
- Earthquake
- Very Low
- Winter weather
- Relatively High
#Who lives here
#Migration
Household moves in and out of Eddy County over a year, from IRS tax-return data.
- Net migration
- +4[5]
- Moved in
- 1,391
- Moved out
- 1,387
Schools
Open public schools in this ZIP, from the NCES Common Core of Data.
- Public schools
- 14
- Elementary
- 7
- Middle
- 2
- High
- 2
CARLSBAD HIGH
High · Grades 9–12 · CARLSBAD
1,623 students
CARLSBAD INTERMEDIATE SCHOOL - PR LEYVA CAMPUS
Middle · Grades 6–8 · CARLSBAD
834 students
DESERT WILLOW ELEMENTARY
Elementary · Grades K–5 · CARLSBAD
820 students
CARLSBAD SIXTH GRADE ACADEMY - ALTA VISTA CAMPUS
Middle · Grades 6–8 · CARLSBAD
714 students
OCOTILLO ELEMENTARY
Elementary · Grades K–5 · CARLSBAD
711 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.
Owning and renting are roughly even.
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.
Rankings
Top-10 lists this ZIP code appears on.
Frequently asked
- How much is a home worth in ZIP code 88220?
- The typical home in 88220 is worth $243,790, based on the Zillow Home Value Index.
- Are home values rising in 88220?
- Home values in 88220 are up 0.4% over the past year, and down 1.1% a year over five years.
- What is the typical rent in 88220?
- A typical home in 88220 rents for about $1,556 a month, a gross rental yield of 7.7%.
- What is the property tax rate in 88220?
- The effective property tax rate in 88220 is 0.4% — roughly $1,081 a year on a typical home.
- Who lives in 88220?
- ZIP code 88220 has a population of 39,828 and a median household income of $78,162.
Compare ZIPs
Pit ZIP 88220 against any other ZIP — full side-by-side table.
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