The housing market in 87121 Albuquerque, NM is booming. The median value of all houses in the area is $236,500 which is significantly lower than the national house median value of $338,100. However, the home appreciation rate in the area over the past year has been 13.79%, much higher than the US 1 year house appreciation rate of 8.27%. This indicates that there has been strong investment in 87121 Albuquerque and an increase in demand for housing in this area. This is great news for anyone looking to invest or buy a home in this region as they can be sure to benefit from continued appreciation of their property values.
The median home cost in Albuquerque (zip 87121) is $236,500. Home appreciation the last 10 years has been 77.7%. Home Appreciation in Albuquerque (zip 87121) is up 17.1%.
Average Age of Homes
- The median age of Albuquerque (zip 87121) real estate is 19 years old
The Rental Market in Albuquerque (zip 87121)
- Renters make up 23.4% of the Albuquerque (zip 87121) population
- 0.6% of houses and apartments in Albuquerque (zip 87121), 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.