North Valley, Albuquerque, NM—87110
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Valley, Albuquerque, NM
As of Oct '25, the median home price in North Valley, Albuquerque, NM is $313,000, with a year-over-year change of 2.1%. This indicates that home prices in North Valley, Albuquerque, NM are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $313,000 | 2.1% |
| Single Family | $316,000 | 1.9% |
| Condos | $169,000 | 3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $247,000 | 1.2% |
3 Bed | $318,000 | 1.9% |
4 Bed | $390,000 | 1.8% |
| 5 Bed | $461,000 | 3.8% |
% of Housing Stock
Rental Trends — North Valley, Albuquerque, NM
As of July '25, Rentcast reports the average rent in North Valley, Albuquerque, NM is $1,350, with a year-over-year rent change of -2.2%. Per bedroom, the median rent as of July '25 in North Valley, Albuquerque, NM is studios: $1,080, 1-bedrooms: $1,200, 2-bedrooms: $1,540, 3-bedrooms: $1,990, 4-bedrooms: $2,740. The most common rental property sizes in North Valley, Albuquerque, NM are 1-bedroom and 3-bedroom, accounting for 32.2% and 27.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,220 | $1,350 |
| Studio Rent | $799 | $1,080 |
| 1 Bed Rent | $1,130 | $1,200 |
| 2 Bed Rent | $1,480 | $1,540 |
| 3 Bed Rent | $1,940 | $1,990 |
| 4 Bed Rent | $2,750 | $2,740 |
% of Rental Stock
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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $360,000 | 1.0% |
Listing Count | 117 | -5.0% |
| Listings as % of Homes | 0.3% | -5.0% |
Days on Market | 69 | 18.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,100 | 3.6% |
% Under 18 | 18.7% | 6.2% |
% Seniors | 18.0% | -3.7% |
% WFH | 14.1% | 147.4% |
% w/ College Degree | 38.2% | -4.7% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $313,000 |
| Median Household Income | $63,600 |