ZIP Code 88242 Demographics

Lea County, New Mexico  ·  ACS 2022 5-Year Estimates

ACS 2022 Data

Population & Income Overview

Key statistics for ZIP code 88242 compared to county averages.

Total Population

7,312

↓ 90.0% vs county

Median HH Income

$82,041

↑ +24.6% vs county

Median Home Value

$213,200

↑ +31.6% vs county

Median Age

37.2 yrs

↓ +15.5% vs county

Unemployment Rate

8.8%

↓ +18.6% vs county

Income & Housing Comparison

How ZIP 88242 compares to Lea County and New Mexico overall. Data from ACS 2022 5-year estimates.

Median Household Income ZIP 88242 $82k Lea $66k New Mexico $59k

Source: ACS 2022 5-Year Estimates, Table B19013

Median Home Value ZIP 88242 $213k Lea $162k New Mexico $216k

Source: ACS 2022 5-Year Estimates, Table B25077

Education & Employment

Bachelor's Rate

8.0%

of adults 25+ hold a bachelor's degree or higher

Owner Occupancy

81.8%

of occupied housing units are owner-occupied

Median Gross Rent

$1,168

per month including utilities

Rent vs. Buy Affordability

Compare estimated monthly costs of home ownership vs renting in ZIP Code 88242 using local Census metrics.

Median Home Value$213,200
Down Payment (20%)$42,640
Interest Rate6.5%
Loan Term

Estimated Monthly Costs

Buy (Mortgage, Tax, Ins.)
$1,353P&I: $1078 | Tax: $213 | Ins: $62
Rent (Local Median)
$1,168
Renting is CheaperRenting is estimated to save you $185/month compared to buying costs.

How Does 88242 Compare?

Enter another ZIP code to see a side-by-side comparison.

Location & Neighboring Areas

Interactive map showing ZIP code 88242 (blue pin) and surrounding areas (purple pins). Click pins to view details.

Nearby ZIP Codes

ZIP codes geographically closest to 88242, sorted by distance.

79360 25.6 mi away gaines county

About Lea County

Lea County is located in New Mexico and has a total population of 73,103. The county's median household income is $65,855 and median home value is $162,000. ZIP code 88242 is one of many ZCTAs within this county.

View all ZIP codes in Lea County

Data source: American Community Survey (ACS) 2022 5-Year Estimates, U.S. Census Bureau. ZCTAs (ZIP Code Tabulation Areas) are used as proxies for USPS ZIP codes. Some USPS ZIP codes may not have a corresponding ZCTA.