The housing in 87116 Albuquerque, NM has an impressive median value of $337,100 which is slightly lower than the US House Median Value of $338,100. Furthermore, the US 1 year House Appreciation rate is 8.27%, while the house 1 year appreciation rate in 87116 Albuquerque, NM comes in at an even higher 13.79%. This data suggests that investment into housing in this area would be a wise choice due to its robust appreciation rates.
The median home cost in Albuquerque (zip 87116) is $337,100. Home appreciation the last 10 years has been 77.7%. Home Appreciation in Albuquerque (zip 87116) is up 17.1%.
Average Age of Homes
- The median age of Albuquerque (zip 87116) real estate is 16 years old
The Rental Market in Albuquerque (zip 87116)
- Renters make up 92.3% of the Albuquerque (zip 87116) population
- 4.4% of houses and apartments in Albuquerque (zip 87116), 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.