North Valley, Albuquerque, NM87110

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$313,000
2.1% YoY Growth
Median Household Income
$63,600
27.1% 5-Year Growth
Days on Market
69
18.0% Longer than last year
Home Price Forecast
1.7%
Median Rent
$1,220
2.2% YoY Growth
1-Bed Rent
$1,130
8.1% YoY Growth
2-Bed Rent
$1,480
0.6% YoY Growth
3-Bed Rent
$1,940
1.5% YoY Growth

Property Listings — North Valley, Albuquerque, NM

As of Oct '25, Realtor.com reports that the median days on market for a home in North Valley, Albuquerque, NM is 69. This is a increase of 18.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$360,0001.0%
Listing Count
117-5.0%
Listings as % of Homes0.3%-5.0%
Days on Market
6918.0%
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Demographics — North Valley, Albuquerque, NM

As of the latest ACS Survey released in 2023, North Valley, Albuquerque, NM has a population of 40,100, which has increased by 3.6% over the past 5 years. North Valley, Albuquerque, NM is a moderately popular place for families, as children make up 18.7% of the population. The area has a moderately educated workforce, with 38.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.1% reporting working from home.

MetricLatest CensusYoY % Change
Population
40,1003.6%
% Under 18
18.7%6.2%
% Seniors
18.0%-3.7%
% WFH
14.1%147.4%
% w/ College Degree
38.2%-4.7%
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As of the latest ACS Survey released in 2023, North Valley, Albuquerque, NM is a predominantly white area, with 44.4% of the population identifying as white. The white population has shrunk by 12.4% in the last 5 years. The second most common race or ethnicity in North Valley, Albuquerque, NM is hispanic, making up 39.2% of the population. Foreign-born residents account for 7.5% of the population in North Valley, Albuquerque, NM, and this percentage has increased by 33.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
44.4%-12.4%
% Black
3.6%63.6%
% Hispanic
39.2%-0.3%
% Asian
2.5%-16.7%
% Foreign Born
7.5%33.9%
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Mortgage and Risk — North Valley, Albuquerque, NM

According to HUD data as of 2023, there were 624 mortgage originations in North Valley, Albuquerque, NM, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in North Valley, Albuquerque, NM. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

MetricZip Code Average
Total Loan Originations
624
% Conventional Loans
77.0%
% Government Loans
23.0%
% Investor Loans
3.0%
% Second Loans
0.0%
% Cash Out Refinance
12.0%

Loan Activity

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Rentals and Section 8 — North Valley, Albuquerque, NM

As of 2024, the percent of homes in North Valley, Albuquerque, NM under the Section 8 program is 4.2%. 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 3-bedroom units appear to be good home sizes to consider for Section 8 housing in North Valley, Albuquerque, NM, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD
495
Total Units Section 8
326
% Rentals under Section 8
4.2%
% Occupied Section 8
86.3%

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 Bedroom$10$1,130$1,140
2 Bedroom-$80$1,480$1,400
3 Bedroom$20$1,940$1,960
4 Bedroom-$430$2,750$2,320

Affordability — North Valley, Albuquerque, NM

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income Ratio4.4
Median Home Price$313,000
Median Household Income$63,600

North Valley, Albuquerque, NM — ZIP Code Boundary Map

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Frequently Asked Questions