88220 — Carlsbad, NM Home Values
Typical home value $259,004 as of June 2026 · 1st of 2 in Carlsbad-Artesia, NM
Blue: typical home value (Zillow ZHVI) in ZIP code 88220, June 2021 to June 2026. This page shows observed data only; no forecast.
How 88220 compares in the Carlsbad-Artesia, NM area
ZIP code 88220 (Carlsbad, NM) has a typical home value of $259,004 as of June 2026, ranking 1st of 2 ZIP codes tracked in the Carlsbad-Artesia, NM area, the most expensive ZIP code in the metro. Prices here have moved +1.1% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed -7.6%, from $280,321 in June 2021 to $259,004 in June 2026. Against observed rent, the typical home here sells for 13.8× the annual rent ($1,568/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Carlsbad-Artesia, NM forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Carlsbad.
Population and demographics
ZIP code 88220 has a population of 40,151, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 51.1% Hispanic or Latino, 43.5% White, 1.8% Black or African American, 1% another race, 0.9% two or more races, 0.8% American Indian or Alaska Native, and 0.8% Asian.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| EARLY CHILDHOOD EDUCATION CENTER | 1801 WEST LEA ST., CARLSBAD, NM | 12.1 mi |
| HILLCREST PRESCHOOL | 1801 WEST LEA ST., CARLSBAD, NM | 12.1 mi |
| COTTONWOOD ELEMENTARY | 1609 W LEA STREET, CARLSBAD, NM | 12.1 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 88220?
$259,004 as of June 2026, the latest month Zillow has published observed data for.
Is 88220 an expensive ZIP code in the Carlsbad-Artesia, NM area?
88220 ranks 1st of 2 ZIP codes in the Carlsbad-Artesia, NM area by typical home value, the most expensive ZIP code in the metro.
How much have home values in 88220 changed over the past year?
+1.1% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 88220?
The typical home price is 13.8× the observed annual rent in this ZIP code ($1,568/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 88220?
40,151, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 88220?
EARLY CHILDHOOD EDUCATION CENTER (12.1 mi), HILLCREST PRESCHOOL (12.1 mi), COTTONWOOD ELEMENTARY (12.1 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 88220?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Carlsbad-Artesia, NM forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.