The housing market in 87114 Albuquerque, NM is significantly more expensive than the US median value of $338,100. The median value of a home in 87114 is $340,300, which is 1.5% higher than the national average. In the past year, house appreciation rates have grown significantly more in Albuquerque than nationwide. Home values have increased by 13.79%, which is 5.52% higher than the US average of 8.27%. This indicates a very strong housing market for this area and shows that home values are likely to continue appreciating in the short-term future.
The median home cost in Albuquerque (zip 87114) is $340,300. Home appreciation the last 10 years has been 77.7%. Home Appreciation in Albuquerque (zip 87114) is up 17.1%.
Average Age of Homes
- The median age of Albuquerque (zip 87114) real estate is 19 years old
The Rental Market in Albuquerque (zip 87114)
- Renters make up 30.2% of the Albuquerque (zip 87114) population
- 0.8% of houses and apartments in Albuquerque (zip 87114), 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.