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ZIP Code 88240

Lea, New Mexico

ZCTA 88240

Juniper

ZIP Code 88240 is in the highest 33% nationally for FEMA risk score. It also sits in the lowest 8% nationally for home price growth over five years. And it sits in the lowest 19% nationally for typical home value.

Typical Home Valuemedian home value (ACS), re-priced to today on the FHFA index

$218,948

Lower than 81% of U.S. ZIP codes
Home Price Growth, Past Five Years

31%

Lower than 92% of U.S. ZIP codes
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

78

Higher than 67% of U.S. ZIP codes

The boundary of ZIP Code 88240, in Lea, New Mexico.

The basics

Total Population

41,557

Median Age

31.2

Population Density

69.24

Home values & property tax

Median Property Tax

$908

Property Tax Rateyearly tax as a share of home value

0.49%

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

2.95×

Lower than 56% of U.S. ZIP codes
Median Income

$63,270

Lower than 65% of U.S. ZIP codes
Median Rent

$1,100

Higher than 57% of U.S. ZIP codes

Home prices & appreciation

Home Price Growth, Past Year

7.2%

Higher than 77% of U.S. ZIP codes
Pandemic Price Run-Up2019–20 low → 2022–23 peak

22%

2008 Crash: Peak-to-Trough Drophow far prices fell, 2007 → 2011

0.62%

Climate & weather

Summer Avg High (°F)

93.3

Winter Avg Low (°F)

31.4

Avg Temperature (°F)

63

Hot Days/yr (>90°F)

100.5

Freezing Days/yr (<32°F)

64.3

Annual Precipitation (in)

14.8

Annual Snowfall (in)

1.4

Flood & disaster risk

FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

78

Higher than 67% of U.S. ZIP codes

The full report

Six pillars — each with percentile benchmarks, 16-year trends, and per-metric detail.

  • People

  • Work & Money

  • Housing

  • Amenities

  • Climate

  • Environment & Risk

ZIP Code 88240: frequently asked questions

What is the typical home value in ZIP Code 88240?
The estimated median home value in ZIP Code 88240 today is $218,948, lower than 81% of U.S. ZIP codes.
How much is property tax in ZIP Code 88240?
The median annual property tax in ZIP Code 88240 is $908, an effective rate of 0.49% of home value.
Is ZIP Code 88240 expensive to live in?
Homes in ZIP Code 88240 cost about 2.95× the median household income, lower than 56% of U.S. ZIP codes.
What is the average rent in ZIP Code 88240?
The median gross rent in ZIP Code 88240 is $1,100 a month, higher than 57% of U.S. ZIP codes.
How much have home prices grown in ZIP Code 88240?
Home prices in ZIP Code 88240 have moved 31% over the past five years (7.2% in the past year), per the FHFA House Price Index.
How many people live in ZIP Code 88240?
ZIP Code 88240 has a population of 41,557, about 69.24 people per square mile, per the U.S. Census American Community Survey. The median age is 31.2.
What is the weather like in ZIP Code 88240?
ZIP Code 88240 averages 63°F year-round, summer highs near 93.3°F, winter lows around 31.4°F (NOAA 1991–2020 normals). It sees about 1.4 inches of snow a year.
Is ZIP Code 88240 at risk of flooding or natural disasters?
ZIP Code 88240's FEMA National Risk Index score is 78 (higher than 67% of U.S. ZIP codes). Its greatest modeled natural hazard is inland flooding.

Sources: U.S. Census ACS, FEMA National Risk Index, FHFA House Price Index, OpenStreetMap contributors (ODbL), EPA. Explore the map →

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