Zip lookup · NM

87008
Cedar Crest, New Mexico.

Cedar Crest, Bernalillo County, NM · Albuquerque, NM metro · population 2,520

What it costs per month · 87008 $2,450/mo

to buy the typical home at today's mortgage rate — +$1,369 (+127%) since Jan 2020.

What the home itself did
1 year
Up $15,235 +3%
$451,490$466,725 since Sep 2025
5 years
Up $95,459 +26%
$371,265$466,725 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 $2,500 2002 2006 2010 2014 2018 2022 2026 87008 $2,450 United States $1,922
$500 $1,000 $1,500 $2,000 $2,500 2002 2010 2018 2026
  • 87008$2,450
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 15 years.

Typical home values in zip 87008 rose 3.4% over the past year — faster than the nation's +1.2%.

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

Typical home value $466,725 as of Sep 2026
+3.4%year on year

Typical home value — 87008

Mid-tier homes, smoothed and seasonally adjusted.

$200,000 $300,000 $400,000 2018 2020 2022 2024 2026 87008 $466,725 Albuquerque $348,674 United States $366,157
$200,000 $300,000 $400,000 2018 2022 2026
  • 87008$466,725
  • Albuquerque$348,674
  • United States$366,157

Within 20 miles

Miles sorted ascending, activate to sort descending Zip activate to sort by Zip City activate to sort by City Population activate to sort by Population Rent activate to sort by Rent Home value activate to sort by Home value
6.1 87122 Albuquerque 18,578 $2,216 $748,956
7.1 87111 Albuquerque 57,085 $1,466 $417,010
7.4 87123 Albuquerque 42,252 $1,213 $341,861
7.8 87112 Albuquerque 44,250 $1,387 $320,551
9.5 87047 Sandia Park 5,402 — $530,866
10.3 87043 Placitas 4,223 — $642,106
10.4 87109 Albuquerque 39,324 $1,394 $377,722
10.6 87113 Albuquerque 16,074 $2,116 $425,563
10.9 87110 Albuquerque 39,685 $1,434 $318,887
11.7 87059 Tijeras 10,241 — $448,387
11.8 87108 Albuquerque 36,331 $962 $281,979
12.4 87015 Edgewood 14,443 — $377,938
14.3 87107 Albuquerque 27,566 $1,245 $349,387
14.3 87048 Corrales 9,069 $2,450 $705,091
15.1 87102 Albuquerque 20,123 $1,133 $245,279
15.8 87106 Albuquerque 26,953 $1,409 $364,902
16.3 87104 Albuquerque 12,853 $1,730 $355,748
16.8 87114 Albuquerque 70,117 $1,710 $374,661
18.3 87001 Algodones 3,560 — $386,622
19.7 87004 Bernalillo 11,237 — $341,374
19.7 87105 Albuquerque 54,367 $1,419 $280,356

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