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ZIP Code 88240

Lea, New Mexico

FIPS 88240

Juniper

ZIP Code 88240 is in the top 10% nationally for appreciation 1yr %, but in the bottom 26% nationally for FEMA risk score. It also sits in the 66th percentile nationally for median rent.

Median Home Value

$186,900

Near the U.S. ZIP codes median

HPI Growth 5yr %

31%

Higher than 56% of U.S. ZIP codes

FEMA Risk Score

82.8

Higher than 74% of U.S. ZIP codes

The basics

Total Population

41,557

Median Age

31.2

Home values & property tax

Ranked against U.S. ZIP codes.

Median Home Value

$186,900

Near median

Median Property Tax

$908

Effective Tax Rate

0%

Cost of living & affordability

Ranked against U.S. ZIP codes.

Price-to-Income Ratio

2.95

Near median

Median Rent

$1,100

Higher than 66%

Home prices & appreciation

Ranked against U.S. ZIP codes.

HPI Growth 5yr %

31%

Higher than 56%

Appreciation 1yr %

7.2%

Higher than 90%

Pandemic Gain %

22%

Recession Drop %

-0.62%

Climate & weather

Ranked against U.S. ZIP codes.

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

Ranked against U.S. ZIP codes.

FEMA Risk Score

82.8

Higher than 74%

The full report

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

  • People

  • Work & Money

  • Housing

  • Amenities

  • Environment & Risk

ZIP Code 88240: frequently asked questions

What is the median home value in ZIP Code 88240?
The median home value in ZIP Code 88240 is $186,900, near the U.S. ZIP codes median.
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% of home value.
Is ZIP Code 88240 expensive to live in?
Homes in ZIP Code 88240 cost about 2.95× the median household income, near the U.S. ZIP codes median.
What is the average rent in ZIP Code 88240?
The median gross rent in ZIP Code 88240 is $1,100 a month, higher than 66% 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.
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 82.8 (higher than 74% of U.S. ZIP codes). Its greatest modeled natural hazard is wildfire.

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