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ZIP Code 88242

Lea, New Mexico

ZCTA 88242

Juniper

ZIP Code 88242 is in the highest 19% nationally for FEMA risk score. It also sits in the lowest 16% nationally for home price growth over five years. And it sits in the highest 16% nationally for home price growth over the past year.

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

$322,057

Near the U.S. ZIP codes median
Home Price Growth, Past Five Years

38%

Lower than 84% of U.S. ZIP codes
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

87.4

Higher than 81% of U.S. ZIP codes

The boundary of ZIP Code 88242, in Lea, New Mexico.

The basics

Total Population

8,472

Median Age

32.5

Population Density

120.39

Home values & property tax

Median Property Tax

$1,323

Property Tax Rateyearly tax as a share of home value

0.51%

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

2.89×

Lower than 58% of U.S. ZIP codes
Median Income

$90,000

Higher than 73% of U.S. ZIP codes
Median Rent

$1,534

Higher than 79% of U.S. ZIP codes

Home prices & appreciation

Home Price Growth, Past Year

8.9%

Higher than 84% of U.S. ZIP codes
Pandemic Price Run-Up2019–20 low → 2022–23 peak

31%

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

-4.9%

Climate & weather

Summer Avg High (°F)

93.2

Winter Avg Low (°F)

31

Avg Temperature (°F)

62.2

Hot Days/yr (>90°F)

103.8

Freezing Days/yr (<32°F)

71.6

Annual Precipitation (in)

13.8

Annual Snowfall (in)

1.8

Flood & disaster risk

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

87.4

Higher than 81% 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 88242: frequently asked questions

What is the typical home value in ZIP Code 88242?
The estimated median home value in ZIP Code 88242 today is $322,057, near the U.S. ZIP codes median.
How much is property tax in ZIP Code 88242?
The median annual property tax in ZIP Code 88242 is $1,323, an effective rate of 0.51% of home value.
Is ZIP Code 88242 expensive to live in?
Homes in ZIP Code 88242 cost about 2.89× the median household income, lower than 58% of U.S. ZIP codes.
What is the average rent in ZIP Code 88242?
The median gross rent in ZIP Code 88242 is $1,534 a month, higher than 79% of U.S. ZIP codes.
How much have home prices grown in ZIP Code 88242?
Home prices in ZIP Code 88242 have moved 38% over the past five years (8.9% in the past year), per the FHFA House Price Index.
How many people live in ZIP Code 88242?
ZIP Code 88242 has a population of 8,472, about 120.39 people per square mile, per the U.S. Census American Community Survey. The median age is 32.5.
What is the weather like in ZIP Code 88242?
ZIP Code 88242 averages 62.2°F year-round, summer highs near 93.2°F, winter lows around 31°F (NOAA 1991–2020 normals). It sees about 1.8 inches of snow a year.
Is ZIP Code 88242 at risk of flooding or natural disasters?
ZIP Code 88242's FEMA National Risk Index score is 87.4 (higher than 81% 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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