Zip 87112 (Albuquerque, NM) Housing

The housing market in 87112 Albuquerque, NM is currently quite strong, with a median value of $283,500. This is significantly lower than the US median value of $338,100. However, the one-year house appreciation rate in this area has been significantly higher than the national average at 13.79%, compared to 8.27% nationwide. This suggests that investment in the local housing market will likely yield high returns for homeowners and investors alike.

The median home cost in Albuquerque (zip 87112) is $283,500. Home appreciation the last 10 years has been 77.7%. Home Appreciation in Albuquerque (zip 87112) is up 17.1%.

Average Age of Homes

- The median age of Albuquerque (zip 87112) real estate is 45 years old

The Rental Market in Albuquerque (zip 87112)

- Renters make up 36.4% of the Albuquerque (zip 87112) population
- 2.0% of houses and apartments in Albuquerque (zip 87112), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Albuquerque, New Mexico	United States
	19,889.0	139,647,020.0
	49	42
	$283,500	$338,100
	17.1%	16.6%
	57.7%	57.0%
	77.7%	101.1%
	$11.21	$10.98
	$2,250	$2,690
	56.4%	57.4%
	5.7%	11.2%
	38.0%	31.4%
Vacant Housing
	2.0%	1.9%
	0.3%	0.4%
	1.0%	0.7%
	0.2%	0.4%
	0.5%	3.6%
	1.7%	4.1%
Value of Owner-Occupied Housing
	2.2%	2.6%
	0.5%	2.4%
	0.0%	2.8%
	0.6%	3.9%
	0.7%	4.5%
	12.9%	11.3%
	32.7%	13.0%
	35.1%	20.1%
	10.1%	13.6%
	2.6%	8.3%
	2.0%	9.7%
	0.3%	3.9%
	0.2%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.2%	13.6%
	2.2%	13.6%
	7.7%	13.6%
	14.5%	13.2%
	32.4%	14.8%
	7.7%	13.6%
	24.8%	10.0%
	1.0%	4.7%
	0.4%	12.2%

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