ZIP Code 88053 — Silver City, NM Home Prices (2026)
The typical home in ZIP 88053 (Silver City, New Mexico) is worth about $208,000 at roughly $131 per square foot — about the same as the Silver City median and 29% more affordable than the typical U.S. home.
How 88053 compares
ZIP 88053 is a mid-priced ZIP code for Silver City: its typical home value of $208,000 ranks #2 of the 3 Silver City ZIP codes we track (the citywide range runs from $184,000 in 88065 to $223,000 in 88061). Per square foot it costs about $131, against $132 for Silver City as a whole, $208 for New Mexico, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 88053 | $208,000 | $131 |
| Silver City, NM | $208,000 | $132 |
| New Mexico | $323,500 | $208 |
| United States | $294,000 | $195 |
Home value by size in 88053
Using this ZIP’s rate of about $131 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $131,000 |
| 1,500 sq ft | $196,500 |
| 2,000 sq ft | $262,000 |
| 2,500 sq ft | $327,500 |
| 3,000 sq ft | $393,000 |
Salary needed to buy a home in ZIP 88053
To buy the typical $208,000 home in ZIP 88053 with 20% down, you need a household income of roughly $57,000 a year (about $1,320 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $67,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $10,400 | $1,640/mo | $70,000/yr |
| 10% (+PMI) | $20,800 | $1,570/mo | $67,000/yr |
| 20% | $41,600 | $1,320/mo | $57,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 88053
At about $131 per square foot, here is roughly how much home different budgets get you in ZIP 88053:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 1150 sq ft | below the local median — condos, smaller or older homes |
| $200k | 1530 sq ft | around the typical home here |
| $250k | 1910 sq ft | around the typical home here |
| $300k | 2290 sq ft | above the median — larger homes or the pricier ZIPs |
| $400k | 3050 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 88053 home.
Estimate a specific home in 88053
The estimator below is pre-set to ZIP 88053 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Silver City ZIP codes by home value
Where 88053 sits among Silver City’s 3 ZIP codes:
ZIP 88053 home prices: frequently asked
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See the full Silver City home values page, all New Mexico cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.