Far Northeast, Albuquerque, NM—87107
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Far Northeast, Albuquerque, NM
As of Oct '25, the median home price in Far Northeast, Albuquerque, NM is $338,000, with a year-over-year change of 2.4%. This indicates that home prices in Far Northeast, Albuquerque, NM are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $338,000 | 2.4% |
| Single Family | $343,000 | 2.4% |
| Condos | $275,000 | 2.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $216,000 | 1.9% |
2 Bed | $260,000 | 2.0% |
3 Bed | $376,000 | 3.0% |
4 Bed | $580,000 | 4.3% |
| 5 Bed | $1,001,000 | 5.1% |
% of Housing Stock
Rental Trends — Far Northeast, Albuquerque, NM
As of July '25, Rentcast reports the average rent in Far Northeast, Albuquerque, NM is $1,260, with a year-over-year rent change of -3.8%. Per bedroom, the median rent as of July '25 in Far Northeast, Albuquerque, NM is studios: $899, 1-bedrooms: $1,130, 2-bedrooms: $1,310, 3-bedrooms: $2,290, 4-bedrooms: $2,130. The most common rental property sizes in Far Northeast, Albuquerque, NM are 2-bedroom and 1-bedroom, accounting for 36.9% and 28.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,130 | $1,260 |
| Studio Rent | $891 | $899 |
| 1 Bed Rent | $1,090 | $1,130 |
| 2 Bed Rent | $1,220 | $1,310 |
| 3 Bed Rent | $2,000 | $2,290 |
| 4 Bed Rent | $2,250 | $2,130 |
% of Rental Stock
Property Listings — Far Northeast, Albuquerque, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Far Northeast, Albuquerque, NM is 68. This is a increase of 23.0% 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 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $427,000 | -10.0% |
Listing Count | 99 | 36.0% |
| Listings as % of Homes | 0.6% | 36.0% |
Days on Market | 68 | 23.0% |
Demographics — Far Northeast, Albuquerque, NM
As of the latest ACS Survey released in 2023, Far Northeast, Albuquerque, NM has a population of 27,000, which has decreased by -12.4% over the past 5 years. Far Northeast, 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 39.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,000 | -12.4% |
% Under 18 | 15.5% | -22.1% |
% Seniors | 22.9% | 13.9% |
% WFH | 14.5% | 150.0% |
% w/ College Degree | 39.5% | 19.0% |
As of the latest ACS Survey released in 2023, Far Northeast, Albuquerque, NM is a predominantly hispanic area, with 49.3% of the population identifying as hispanic. The hispanic population has shrunk by 11.0% in the last 5 years. The second most common race or ethnicity in Far Northeast, Albuquerque, NM is white, making up 41.9% of the population. Foreign-born residents account for 5.9% of the population in Far Northeast, Albuquerque, NM, and this percentage has decreased by 20.3% 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 | 41.9% | 8.8% |
% Black | 2.1% | 40.0% |
% Hispanic | 49.3% | -11.0% |
% Asian | 1.0% | 150.0% |
% Foreign Born | 5.9% | -20.3% |
Mortgage and Risk — Far Northeast, Albuquerque, NM
According to HUD data as of 2023, there were 369 mortgage originations in Far Northeast, Albuquerque, NM, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Far Northeast, Albuquerque, NM. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 369 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Far Northeast, Albuquerque, NM
As of 2024, the percent of homes in Far Northeast, Albuquerque, NM under the Section 8 program is 8.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Far Northeast, Albuquerque, NM, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 561 |
Total Units Section 8 | 413 |
% Rentals under Section 8 | 8.3% |
% Occupied Section 8 | 80.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$160 | $1,090 | $930 |
| 2 Bedroom | -$80 | $1,220 | $1,140 |
| 3 Bedroom | -$400 | $2,000 | $1,600 |
| 4 Bedroom | -$360 | $2,250 | $1,890 |
Affordability — Far Northeast, Albuquerque, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $338,000 |
| Median Household Income | $59,700 |