Zip 87111 (Albuquerque, NM) Housing

Housing in 87111 Albuquerque, NM is considerably more expensive than the US median house value with a median house value of $359,700. However, homeowners in this area have seen considerable growth over the past year with a 13.79% appreciation rate compared to the US 1 year house appreciation rate of 8.27%. This growth speaks to the strength of the housing market in this area and is likely to continue into the future.

The median home cost in Albuquerque (zip 87111) is $359,700. Home appreciation the last 10 years has been 77.7%. Home Appreciation in Albuquerque (zip 87111) is up 17.1%.

Average Age of Homes

- The median age of Albuquerque (zip 87111) real estate is 35 years old

The Rental Market in Albuquerque (zip 87111)

- Renters make up 37.2% of the Albuquerque (zip 87111) population
- 2.4% of houses and apartments in Albuquerque (zip 87111), 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
	27,609.0	139,647,020.0
	39	42
	$359,700	$338,100
	17.1%	16.6%
	57.7%	57.0%
	77.7%	101.1%
	$10.29	$10.98
	$2,952	$2,690
	57.1%	57.4%
	5.8%	11.2%
	37.1%	31.4%
Vacant Housing
	2.4%	1.9%
	0.5%	0.4%
	0.3%	0.7%
	0.2%	0.4%
	0.8%	3.6%
	1.7%	4.1%
Value of Owner-Occupied Housing
	1.1%	2.6%
	0.1%	2.4%
	0.3%	2.8%
	0.2%	3.9%
	1.4%	4.5%
	3.3%	11.3%
	11.1%	13.0%
	37.5%	20.1%
	20.2%	13.6%
	10.7%	8.3%
	9.8%	9.7%
	2.7%	3.9%
	0.8%	2.2%
	0.5%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	9.0%	13.6%
	9.0%	13.6%
	16.2%	13.6%
	28.4%	13.2%
	29.1%	14.8%
	16.2%	13.6%
	4.7%	10.0%
	0.4%	4.7%
	0.5%	12.2%

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Bob · Albuquerque, NM

If you like the outdoors, this is where you belong

Over 2 years ago

I've lived in this city for over 15 years and I am here for the duration. This is a great place. The best thing about this place is the climate. Not too hot and not More

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