The story of this market
The typical home in ZIP 88220 sells for about $341,000, or $185 per square foot.
Prices are up +19.6% from a year ago, so sellers still have some momentum. Homes take about 44 days to sell. HUD's fair market rent for a two-bedroom is $3,025 a month.
ZIP 88220 — Carlsbad
The 88220 housing market is experiencing strong price appreciation, with median sale prices rising 19.6% year-over-year to $341,000. High demand and a tightening market are evidenced by falling days on market, though specific inventory and tax rate figures were not available for this report. The rental market is also seeing significant growth, with median rents increasing by over 12% annually.
This ZIP is well-suited for families and professionals working in the regional energy sector who prioritize proximity to local employment and outdoor recreation.
Median prices moved up 19.6% year over year.
Homes spend a median of 44 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 13.3% — a stable, low-distress profile.
ZCTA 88220, Eddy County NM
Public schools in the area are primarily served by the Carlsbad Municipal School District.
The local economy is heavily influenced by the energy and mining sectors, which drive regional employment and development momentum.
Property taxes are assessed at the county level by Eddy County; specific rates depend on local millage and special district levies.
The area is primarily car-dependent, with most residents commuting to local employment hubs within Carlsbad.
The area features proximity to Carlsbad Caverns National Park and various local parks and recreational facilities within the city.
The rental market has seen significant upward pressure with a 12.04% year-over-year increase in median asking rents.
The economy is anchored by the energy, oil, and gas industries, which are the primary drivers of regional employment.
Transportation is primarily highway-based, serving as the main corridor for regional travel and commuting.
The Eddy County Assessor manages property valuations for tax purposes.
Parcels are subject to local school district and county-level tax levies.
Data retrieved from Census Reporter and ZIP-Codes.com.
A world-renowned landmark located near the area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.