Bernalillo, NM—87004
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bernalillo, NM
As of Oct '25, the median home price in Bernalillo, NM is $338,000, with a year-over-year change of 2.9%. This indicates that home prices in Bernalillo, NM are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $338,000 | 2.9% |
| Single Family | $340,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $332,000 | 2.8% |
3 Bed | $351,000 | 2.9% |
4 Bed | $461,000 | 2.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bernalillo, NM
As of July '25, Rentcast reports the average rent in Bernalillo, NM is $1,670, with a year-over-year rent change of -8.2%. Per bedroom, the median rent as of July '25 in Bernalillo, NM is 1-bedrooms: $1,350, 2-bedrooms: $1,470, 3-bedrooms: $1,970. The most common rental property sizes in Bernalillo, NM are 3-bedroom and 2-bedroom, accounting for 59.9% and 21.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,660 | $1,670 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,350 | $1,350 |
| 2 Bed Rent | $1,660 | $1,470 |
| 3 Bed Rent | $1,900 | $1,970 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Bernalillo, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Bernalillo, NM is 69. This is a increase of 6.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 49.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $431,000 | -9.0% |
Listing Count | 37 | 11.0% |
| Listings as % of Homes | 0.4% | 11.0% |
Days on Market | 69 | 6.0% |
Demographics — Bernalillo, NM
As of the latest ACS Survey released in 2023, Bernalillo, NM has a population of 11,300, which has remained stable by -0.4% over the past 5 years. Bernalillo, NM is a moderately popular place for families, as children make up 17.9% of the population. The area has a poorly educated workforce, with 23.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,300 | -0.4% |
% Under 18 | 17.9% | -8.2% |
% Seniors | 26.5% | 44.0% |
% WFH | 16.5% | 283.7% |
% w/ College Degree | 23.4% | 44.4% |
As of the latest ACS Survey released in 2023, Bernalillo, NM is a predominantly hispanic area, with 56.4% of the population identifying as hispanic. The hispanic population has shrunk by 7.4% in the last 5 years. The second most common race or ethnicity in Bernalillo, NM is white, making up 25.3% of the population. Foreign-born residents account for 10.4% of the population in Bernalillo, NM, and this percentage has decreased by 4.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 25.3% | 15.5% |
% Black | 0.5% | -37.5% |
% Hispanic | 56.4% | -7.4% |
% Asian | 0.1% | -50.0% |
% Foreign Born | 10.4% | -4.6% |
Mortgage and Risk — Bernalillo, NM
According to HUD data as of 2023, there were 64 mortgage originations in Bernalillo, NM, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Bernalillo, NM. Investor activity is low, as 5.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 64 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Bernalillo, NM
Bernalillo, NM lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 104 |
Total Units Section 8 | 104 |
% Rentals under Section 8 | 12.5% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$370 | $1,350 | $980 |
| 2 Bedroom | -$460 | $1,660 | $1,200 |
| 3 Bedroom | -$220 | $1,900 | $1,680 |
| 4 Bedroom | N/A | N/A | $1,990 |
Affordability — Bernalillo, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $338,000 |
| Median Household Income | $63,300 |