Zip 87114 (Albuquerque, NM) Housing

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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Albuquerque, New Mexico	United States
	27,531.0	139,647,020.0
	22	42
	$340,300	$338,100
	17.1%	16.6%
	57.7%	57.0%
	77.7%	101.1%
	$10.89	$10.98
	$2,550	$2,690
	66.1%	57.4%
	3.3%	11.2%
	30.5%	31.4%
Vacant Housing
	0.8%	1.9%
	0.3%	0.4%
	0.9%	0.7%
	0.0%	0.4%
	0.4%	3.6%
	0.9%	4.1%
Value of Owner-Occupied Housing
	2.0%	2.6%
	1.1%	2.4%
	0.1%	2.8%
	0.4%	3.9%
	0.6%	4.5%
	4.6%	11.3%
	21.6%	13.0%
	44.5%	20.1%
	15.0%	13.6%
	4.9%	8.3%
	3.5%	9.7%
	1.4%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	35.0%	13.6%
	35.0%	13.6%
	26.7%	13.6%
	11.5%	13.2%
	6.9%	14.8%
	26.7%	13.6%
	2.0%	10.0%
	0.7%	4.7%
	0.5%	12.2%

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