Zip lookup · NM

88061
Silver City, New Mexico.

Silver City, Grant County, NM · Silver City, NM metro · population 17,464

What it costs per month · 88061 $1,149/mo

to buy the typical home at today's mortgage rate — +$407 (+55%) since Jan 2020.

What the home itself did
1 year
Down $11,754 -5%
$230,735$218,981 since Sep 2025
5 years
Down $22,196 -9%
$241,177$218,981 since Sep 2021

Monthly payment to buy the typical home

Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.

$500 $1,000 $1,500 $2,000 2002 2006 2010 2014 2018 2022 2026 88061 $1,149 United States $1,922
$500 $1,000 $1,500 $2,000 2002 2010 2018 2026
  • 88061$1,149
  • United States$1,922

At the last five years' pace, prices here aren't rising.

Typical home values in zip 88061 fell 5.1% over the past year — slower than the nation's +1.2%.

Zillow also publishes an index for the city itself: Silver City, NM — measured over the city limits, which is a different area from this zip.

Asking rent $1,400 as of Aug 2026
Typical home value $218,981 as of Sep 2026
-5.1%year on year

Asking rent — 88061

Against the Silver City, NM metro and the national benchmark.

$1,400 $1,600 $1,800 2026 88061 $1,400 Silver City $1,329 United States $1,930
$1,400 $1,600 $1,800 2026
  • 88061$1,400
  • Silver City$1,329
  • United States$1,930

Typical home value — 88061

Mid-tier homes, smoothed and seasonally adjusted.

$150,000 $200,000 $250,000 $300,000 $350,000 2018 2020 2022 2024 2026 88061 $218,981 Silver City $178,898 United States $366,157
$150,000 $200,000 $250,000 $300,000 $350,000 2018 2022 2026
  • 88061$218,981
  • Silver City$178,898
  • United States$366,157

Within 20 miles

Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.