West Heights, Albuquerque, NM—87108
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Heights, Albuquerque, NM
As of Oct '25, the median home price in West Heights, Albuquerque, NM is $281,000, with a year-over-year change of 1.4%. This indicates that home prices in West Heights, 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 | $281,000 | 1.4% |
| Single Family | $283,000 | 1.1% |
| Condos | $164,000 | 5.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $160,000 | 0.0% |
2 Bed | $243,000 | 1.2% |
3 Bed | $297,000 | 0.7% |
4 Bed | $374,000 | 1.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — West Heights, Albuquerque, NM
As of July '25, Rentcast reports the average rent in West Heights, Albuquerque, NM is $1,080, with a year-over-year rent change of 2.9%. Per bedroom, the median rent as of July '25 in West Heights, Albuquerque, NM is studios: $827, 1-bedrooms: $929, 2-bedrooms: $1,170, 3-bedrooms: $2,020, 4-bedrooms: $1,860. The most common rental property sizes in West Heights, Albuquerque, NM are 2-bedroom and 1-bedroom, accounting for 37.9% and 36.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $1,080 |
| Studio Rent | $724 | $827 |
| 1 Bed Rent | $872 | $929 |
| 2 Bed Rent | $1,030 | $1,170 |
| 3 Bed Rent | $2,100 | $2,020 |
| 4 Bed Rent | $2,050 | $1,860 |
% of Rental Stock
Property Listings — West Heights, Albuquerque, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in West Heights, Albuquerque, NM is 74. This is a increase of 36.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $289,000 | -1.0% |
Listing Count | 81 | -7.0% |
| Listings as % of Homes | 0.2% | -7.0% |
Days on Market | 74 | 36.0% |
Demographics — West Heights, Albuquerque, NM
As of the latest ACS Survey released in 2023, West Heights, Albuquerque, NM has a population of 36,000, which has decreased by -3.4% over the past 5 years. West Heights, Albuquerque, NM is a moderately popular place for families, as children make up 19.5% of the population. The area has a moderately educated workforce, with 33.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,000 | -3.4% |
% Under 18 | 19.5% | -6.7% |
% Seniors | 17.9% | 43.2% |
% WFH | 10.2% | 142.9% |
% w/ College Degree | 33.3% | 21.5% |
As of the latest ACS Survey released in 2023, West Heights, Albuquerque, NM is a predominantly hispanic area, with 49.1% of the population identifying as hispanic. The hispanic population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in West Heights, Albuquerque, NM is white, making up 33.8% of the population. Foreign-born residents account for 17.8% of the population in West Heights, Albuquerque, NM, and this percentage has increased by 7.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 33.8% | 0.6% |
% Black | 6.2% | 44.2% |
% Hispanic | 49.1% | -3.0% |
% Asian | 2.9% | 61.1% |
% Foreign Born | 17.8% | 7.2% |
Mortgage and Risk — West Heights, Albuquerque, NM
According to HUD data as of 2023, there were 404 mortgage originations in West Heights, Albuquerque, NM, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in West Heights, Albuquerque, NM. Investor activity is low, as 7.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 404 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — West Heights, Albuquerque, NM
As of 2024, the percent of homes in West Heights, Albuquerque, NM under the Section 8 program is 12.4%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in West Heights, Albuquerque, NM, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,513 |
Total Units Section 8 | 1,353 |
% Rentals under Section 8 | 12.4% |
% Occupied Section 8 | 80.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $38 | $872 | $910 |
| 2 Bedroom | $70 | $1,030 | $1,100 |
| 3 Bedroom | -$550 | $2,100 | $1,550 |
| 4 Bedroom | -$190 | $2,050 | $1,860 |
Affordability — West Heights, Albuquerque, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.4 |
| Median Home Price | $281,000 |
| Median Household Income | $39,600 |