Housing in 87113 Albuquerque, NM is more expensive than the US median housing value with a median home price of $372,800. Homeowners have seen an even higher rate of appreciation in the last year at 13.79%, compared to 8.27% nationwide. This growth has been driven by increased demand due to job and population growth in the area, as well as limited supply and competition from high net worth buyers. The Albuquerque housing market is becoming increasingly attractive to those looking for an affordable place to live while still benefiting from appreciation over time.
The median home cost in Albuquerque (zip 87113) is $372,800. Home appreciation the last 10 years has been 77.7%. Home Appreciation in Albuquerque (zip 87113) is up 17.1%.
Average Age of Homes
- The median age of Albuquerque (zip 87113) real estate is 16 years old
The Rental Market in Albuquerque (zip 87113)
- Renters make up 26.5% of the Albuquerque (zip 87113) population
- 0.5% of houses and apartments in Albuquerque (zip 87113), 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.