Housing in Albuquerque, NM is thriving with a median value of $308,100. This is slightly lower than the US House Median Value of $338,100, however the 1 year house appreciation is 13.79%, beating out the US 1 year house appreciation by 8.27%. It's no surprise that the housing market in Albuquerque is on an upward trend as it continues to be a desirable and growing area for people to live.
The median home cost in Albuquerque is $308,100. Home appreciation the last 10 years has been 77.7%. Home Appreciation in Albuquerque is up 17.1%.
Average Age of Homes
- The median age of Albuquerque real estate is 37 years old
The Rental Market in Albuquerque
- Renters make up 37.7% of the Albuquerque population
- 2.6% of houses and apartments in Albuquerque, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.