The story of this market
The typical home in ZIP 88038 sells for about $262,000, or $148 per square foot.
Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,200 a month.
ZIP 88038 — Gila
The housing market in 88038 is characterized by extremely low inventory and limited transaction volume, typical of a remote rural area. Prices remain stable, and the market is driven by lifestyle buyers rather than speculative investment. Most data points for specific market metrics like price cuts or days on market are not published due to the low volume of sales.
This area is best suited for retirees or individuals seeking a remote, rural lifestyle with proximity to wilderness areas.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 120 days on market with 2.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.0% · poverty 36.9% — a mixed stability profile.
ZCTA 88038, Grant County NM
The area is subject to wildfire risks common to rural southwestern New Mexico.
Economic activity is primarily driven by local agriculture and tourism in the Gila National Forest region.
Property taxes are assessed at the county level in Grant County, New Mexico, based on the state's valuation formulas.
Commutes are primarily rural, requiring personal vehicle travel to reach employment centers in Silver City.
The area is a gateway to the Gila National Forest, offering extensive hiking, fishing, and outdoor recreation opportunities.
The rental market is extremely limited due to the small, rural population base.
The local economy is heavily reliant on agriculture, ranching, and tourism related to the Gila National Forest.
Public transit is not available; the area relies entirely on private vehicle transportation via state highways.
No major commercial or residential developments are currently reported for this rural ZIP code.
Grant County Assessor manages property valuations for the area.
Parcels are served by local school districts and county-level utility services.
Property insurance premiums are influenced by the area's high wildfire risk profile.
New Mexico is a judicial foreclosure state.
Sellers are required to provide a property disclosure statement regarding the condition of the home.
Data retrieved from Census Bureau ZCTA profiles for 88038.
- Gila Cliff Dwellings National Monument4.912.1 mi
- Gila Cliff Dwellings National Monument4.912.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides vast wilderness access for hiking, camping, and outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.