Albuquerque, New Mexico.
Typical home $344,199 (+1.7% in a year), asking rent $1,452 (+1.4%). Albuquerque, NM metro.
to buy the typical home at today's mortgage rate — +$1,035 (+134%) since Jan 2020.
- 1 year
- Up $5,683 +2%
- $338,516$344,199 since Sep 2025
- 5 years
- Up $77,164 +29%
- $267,035$344,199 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.
- Albuquerque$1,807
- New Mexico$1,658
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 14 years.
Typical home values in Albuquerque, NM rose 1.7% over the past year — faster than the nation's +1.2%.
Asking rents in Albuquerque, NM rose 1.4% over the past year — slower than the nation's +2.7%.
Owning the typical home in Albuquerque runs $980/mo more than renting one. The gap peaked at $999 in Jan 2025.
That is $2,433 a month against $1,452 rent: a $1,807 mortgage payment, plus $257 property tax and $368 insurance & upkeep.
Owning vs renting — Albuquerque
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$2,433
- Renting$1,452
- Mortgage only$1,807
Property tax · $257/mo 0.90% of value a year — the ACS 2020-2024 median bill over the median home value for Bernalillo County, NM
Insurance & upkeep · $368/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Albuquerque, Bernalillo County, New Mexico
Albuquerque is a city of 564,559 people in Bernalillo County. Half its households earn more than $68,317 a year and half less, against $69,473 across Bernalillo County; 16% of its people live below the poverty line. 62% of its homes are lived in by their owners and 38% are rented. Unemployment in Albuquerque was 4.6% in August 2026, and Bernalillo County had 0.1% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Albuquerque is the largest city in New Mexico, and residents are a little younger than the typical American community. Incomes run slightly below the county's, and more people live below the poverty line than most would expect of a city this size. Most households own their homes, and typical home values and rents sit at levels that many longtime owners will find familiar from elsewhere in the Southwest. Winters are cold but not severe, with lows well below freezing in December, and summers are hot, peaking in July.
Work. Schools, hospitals and social care employ more of the city's residents than any other field, followed by professional and business services, shops, and restaurants, hotels and entertainment. The largest workplaces are the University of New Mexico, Albuquerque Schools and the University of New Mexico Hospital. Unemployment has edged up over the past year, and across Bernalillo County the number of jobs has been close to flat. The typical commute is short, and a good number of people work from home.
Things to do. Albuquerque Museum and the New Mexico Museum of Natural History and Science are both in or beside town, and the ABQ BioPark Zoo and Albuquerque Aquarium are close by too. A short drive away, Petroglyph National Monument is an archaeological site where visitors can see carvings made on volcanic rock long ago. For a quieter outing, Rio Grande Nature Center State Park is a protected area right in town.
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- 243,733households
- 39%of adults have a degree
- 16%below the poverty line
- 22 mintypical commute
- 15%work from home
What residents work in
Employed residents by industry, from the Census survey. Bernalillo County had 347,718 jobs in 2025, 0.1% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 50° and lows near 21°; warmest in July, with highs near 95° and lows near 62°.
Average daily high and low, 1991–2020, at the Rio Grande Nature Ctr weather station, 3 miles away (NOAA).
Largest workplaces in Albuquerque
- University of New MexicoUniversity or college7,916
- Albuquerque SchoolsSchool district7,888FTE
- University of New Mexico HospitalGeneral hospital6,457FTE
- Presbyterian HospitalGeneral hospital5,798FTE
- Veterans Health AdministrationFederal government · Department of Veterans Affairs2,813
- Giving Home Health Care-ABQHome nursing services, private practice2,298
- Central New Mexico Community CollegeTwo-year college1,829
- Lovelace Medical Center- DowntownGeneral hospital1,817FTE
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 391 workplaces with 20 or more staff, 44,786 people in all. Colleges come from IPEDS (NCES, 2023–24), school districts from the Common Core of Data (NCES, 2023–24), hospitals from their Medicare cost reports (CMS, 2023) and federal offices from OPM's federal workforce data (2026); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherRelatively high
- DroughtRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Albuquerque’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Bernalillo County and the Albuquerque, NM metro.
Albuquerque home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Albuquerque$344,199
- New Mexico$315,812
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Albuquerque listings, and the typical home goes pending in 17 days — the market is heating up.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Albuquerque32.90%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Albuquerque17
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Albuquerque1,759
New listings per month
Sellers arriving at the market.
- Albuquerque606
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Albuquerque$356,025
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Albuquerque98.99%
Zip codes with a Albuquerque address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Albuquerque — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Albuquerque
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 87121 | Albuquerque | 75,510 | $1,611 | $290,912 |
| 87114 | Albuquerque | 70,117 | $1,710 | $374,661 |
| 87120 | Albuquerque | 66,097 | $1,636 | $358,654 |
| 87111 | Albuquerque | 57,085 | $1,466 | $417,010 |
| 87105 | Albuquerque | 54,367 | $1,419 | $280,356 |
| 87112 | Albuquerque | 44,250 | $1,387 | $320,551 |
| 87123 | Albuquerque | 42,252 | $1,213 | $341,861 |
| 87110 | Albuquerque | 39,685 | $1,434 | $318,887 |
| 87109 | Albuquerque | 39,324 | $1,394 | $377,722 |
| 87108 | Albuquerque | 36,331 | $962 | $281,979 |
| 87107 | Albuquerque | 27,566 | $1,245 | $349,387 |
| 87106 | Albuquerque | 26,953 | $1,409 | $364,902 |
| 87102 | Albuquerque | 20,123 | $1,133 | $245,279 |
| 87122 | Albuquerque | 18,578 | $2,216 | $748,956 |
| 87113 | Albuquerque | 16,074 | $2,116 | $425,563 |
| 87104 | Albuquerque | 12,853 | $1,730 | $355,748 |