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North Valley, Albuquerque, NM—87110

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$313,000
1.8% YoY Growth
Household Income
$63,600
27.1% YoY Growth
Days on Market
63
8.0% Longer YoY
Home Price Forecast
2.3%
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
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — North Valley, Albuquerque, NM

As of Dec '25, the median home price in North Valley, Albuquerque, NM is $313,000, with a year-over-year change of 1.8%. This indicates that home prices in North Valley, Albuquerque, NM are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$313,0001.8%
Single Family $316,0001.6%
Condos $168,0002.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$245,0000.8%
    3 Bed
    		$318,0001.6%
    4 Bed
    		$390,0001.8%
    5 Bed $459,3233.8%
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    % of Housing Stock

    Studio
    5.0%
    1 Bedroom
    13.5%
    2 Bedrooms
    19.2%
    3 Bedrooms
    46.2%
    4 Bedrooms
    14.3%
    5+ Bedrooms
    1.7%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    9.6%
    1 Bedroom
    32.2%
    2 Bedrooms
    24.6%
    3 Bedrooms
    27.1%
    4 Bedrooms
    6.1%
    5+ Bedrooms
    0.3%

    Property Listings — North Valley, Albuquerque, NM

    As of Dec '25, Realtor.com reports that the median days on market for a home in North Valley, Albuquerque, NM is 54. This is a increase of 12.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$350,0000.0%
    Listing Count
    		120-3.0%
    Listings as % of Homes0.3%-3.0%
    Days on Market
    		638.0%
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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%
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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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    Nearby ZIP Codes

    West Heights, Albuquerque, NM

    87108

    North Albuquerque, Albuquerque, NM

    87109

    Buena Ventura, NM

    87116

    Taylor Ranch, Albuquerque, NM

    87112

    Near North Valley, Albuquerque, NM

    87111

    Frequently Asked Questions