The housing in 87106 Albuquerque, NM is quite expensive when compared to the national average. The median value of a home is $316,500, which is almost 8% lower than the US House Median Value of $338,100. However, over the course of the last year, homes in 87106 have appreciated at a faster rate than those nationwide. In fact, home values in 87106 have increased by 13.79%, far outpacing the 8.27% appreciation seen across the country as a whole. This makes it an attractive option for potential buyers looking to take advantage of Albuquerque's booming real estate market.
The median home cost in Albuquerque (zip 87106) is $316,500. Home appreciation the last 10 years has been 77.7%. Home Appreciation in Albuquerque (zip 87106) is up 17.1%.
Average Age of Homes
- The median age of Albuquerque (zip 87106) real estate is 56 years old
The Rental Market in Albuquerque (zip 87106)
- Renters make up 54.0% of the Albuquerque (zip 87106) population
- 6.7% of houses and apartments in Albuquerque (zip 87106), 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.