Downtown, Albuquerque, NM—87102
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown, Albuquerque, NM
As of Oct '25, the median home price in Downtown, Albuquerque, NM is $242,000, with a year-over-year change of 3.3%. This indicates that home prices in Downtown, Albuquerque, NM are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $242,000 | 3.3% |
| Single Family | $240,000 | 3.0% |
| Condos | $256,000 | 2.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $207,000 | 2.0% |
2 Bed | $228,000 | 2.2% |
3 Bed | $267,000 | 3.9% |
4 Bed | $308,000 | 3.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Downtown, Albuquerque, NM
As of July '25, Rentcast reports the average rent in Downtown, Albuquerque, NM is $1,210, with a year-over-year rent change of -9.7%. Per bedroom, the median rent as of July '25 in Downtown, Albuquerque, NM is studios: $936, 1-bedrooms: $1,160, 2-bedrooms: $1,450, 3-bedrooms: $2,100. The most common rental property sizes in Downtown, Albuquerque, NM are 1-bedroom and 2-bedroom, accounting for 46.8% and 25.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,210 |
| Studio Rent | $856 | $936 |
| 1 Bed Rent | $1,080 | $1,160 |
| 2 Bed Rent | $1,270 | $1,450 |
| 3 Bed Rent | $2,100 | $2,100 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Downtown, Albuquerque, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Downtown, Albuquerque, NM is 88. This is a increase of 9.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $290,000 | -2.0% |
Listing Count | 83 | 29.0% |
| Listings as % of Homes | 0.5% | 29.0% |
Days on Market | 88 | 9.0% |
Demographics — Downtown, Albuquerque, NM
As of the latest ACS Survey released in 2023, Downtown, Albuquerque, NM has a population of 20,300, which has increased by 1.7% over the past 5 years. Downtown, Albuquerque, NM is a moderately popular place for families, as children make up 15.5% of the population. The area has a moderately educated workforce, with 33.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,300 | 1.7% |
% Under 18 | 15.5% | -14.4% |
% Seniors | 13.8% | 3.0% |
% WFH | 12.4% | 235.1% |
% w/ College Degree | 33.9% | 24.6% |
As of the latest ACS Survey released in 2023, Downtown, Albuquerque, NM is a predominantly hispanic area, with 56.7% of the population identifying as hispanic. The hispanic population has shrunk by 9.9% in the last 5 years. The second most common race or ethnicity in Downtown, Albuquerque, NM is white, making up 28.7% of the population. Foreign-born residents account for 12.0% of the population in Downtown, Albuquerque, NM, and this percentage has decreased by 18.4% 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 | 28.7% | 12.1% |
% Black | 3.7% | 19.4% |
% Hispanic | 56.7% | -9.9% |
% Asian | 0.8% | -46.7% |
% Foreign Born | 12.0% | -18.4% |
Mortgage and Risk — Downtown, Albuquerque, NM
According to HUD data as of 2023, there were 218 mortgage originations in Downtown, Albuquerque, NM, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Downtown, Albuquerque, NM. Investor activity is low, as 6.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 218 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Downtown, Albuquerque, NM
Downtown, Albuquerque, NM lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 689 |
Total Units Section 8 | 606 |
% Rentals under Section 8 | 9.6% |
% Occupied Section 8 | 79.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $1,080 | $990 |
| 2 Bedroom | -$60 | $1,270 | $1,210 |
| 3 Bedroom | -$400 | $2,100 | $1,700 |
| 4 Bedroom | N/A | N/A | $2,010 |
Affordability — Downtown, Albuquerque, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $242,000 |
| Median Household Income | $37,300 |