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Westside, Albuquerque, NM—87114

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$368,000
0.9% YoY Growth
Household Income
$81,800
21.8% YoY Growth
Days on Market
76
16.0% Longer YoY
Home Price Forecast
2.2%
Median Rent
$1,650
1.1% YoY Growth
1-Bed Rent
$1,380
0.0% YoY Growth
2-Bed Rent
$1,680
3.4% YoY Growth
3-Bed Rent
$2,050
6.6% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Westside, Albuquerque, NM

As of Dec '25, the median home price in Westside, Albuquerque, NM is $368,000, with a year-over-year change of 0.9%. This indicates that home prices in Westside, Albuquerque, NM are flat. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$368,0000.9%
Single Family $369,0000.8%
Condos $217,0000.9%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$281,0000.4%
    3 Bed
    		$347,0000.6%
    4 Bed
    		$405,0000.7%
    5 Bed $478,7650.5%
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    % of Housing Stock

    Studio
    2.0%
    1 Bedroom
    8.9%
    2 Bedrooms
    14.9%
    3 Bedrooms
    48.5%
    4 Bedrooms
    22.1%
    5+ Bedrooms
    3.6%

    Rental Trends — Westside, Albuquerque, NM

    As of July '25, Rentcast reports the average rent in Westside, Albuquerque, NM is $1,760, with a year-over-year rent change of 1.1%. Per bedroom, the median rent as of July '25 in Westside, Albuquerque, NM is studios: $1,420, 1-bedrooms: $1,420, 2-bedrooms: $1,800, 3-bedrooms: $2,110, 4-bedrooms: $2,580. The most common rental property sizes in Westside, Albuquerque, NM are 2-bedroom and 3-bedroom, accounting for 31.3% and 30.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,650$1,760
    Studio Rent $1,600$1,420
    1 Bed Rent $1,380$1,420
    2 Bed Rent $1,680$1,800
    3 Bed Rent $2,050$2,110
    4 Bed Rent $2,350$2,580
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    % of Rental Stock

    Studio
    5.7%
    1 Bedroom
    26.4%
    2 Bedrooms
    31.3%
    3 Bedrooms
    30.9%
    4 Bedrooms
    5.4%
    5+ Bedrooms
    0.3%

    Property Listings — Westside, Albuquerque, NM

    As of Dec '25, Realtor.com reports that the median days on market for a home in Westside, Albuquerque, NM is 67. 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 25.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$392,0000.0%
    Listing Count
    		1726.0%
    Listings as % of Homes0.5%6.0%
    Days on Market
    		7616.0%
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    Demographics — Westside, Albuquerque, NM

    As of the latest ACS Survey released in 2023, Westside, Albuquerque, NM has a population of 70,100, which has increased by 2.0% over the past 5 years. Westside, Albuquerque, NM is a moderately popular place for families, as children make up 23.3% of the population. The area has a moderately educated workforce, with 38.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		70,1002.0%
    % Under 18
    		23.3%-12.7%
    % Seniors
    		14.8%19.4%
    % WFH
    		14.7%206.2%
    % w/ College Degree
    		38.8%6.6%
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    As of the latest ACS Survey released in 2023, Westside, Albuquerque, NM is a predominantly hispanic area, with 46.3% of the population identifying as hispanic. The hispanic population has shrunk by 5.9% in the last 5 years. The second most common race or ethnicity in Westside, Albuquerque, NM is white, making up 39.7% of the population. Foreign-born residents account for 5.8% of the population in Westside, Albuquerque, NM, and this percentage has increased by 3.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		39.7%-1.7%
    % Black
    		4.6%70.4%
    % Hispanic
    		46.3%-5.9%
    % Asian
    		1.8%-35.7%
    % Foreign Born
    		5.8%3.6%
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    Mortgage and Risk — Westside, Albuquerque, NM

    According to HUD data as of 2023, there were 556 mortgage originations in Westside, Albuquerque, NM, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Westside, Albuquerque, NM. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		556
    % Conventional Loans
    		78.0%
    % Government Loans
    		22.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Westside, Albuquerque, NM

    As of 2024, the percent of homes in Westside, Albuquerque, NM under the Section 8 program is 5.2%. 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. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Westside, Albuquerque, NM, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		450
    Total Units Section 8
    		448
    % Rentals under Section 8
    		5.2%
    % Occupied Section 8
    		80.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$160$1,380$1,220
    2 Bedroom-$180$1,680$1,500
    3 Bedroom$50$2,050$2,100
    4 Bedroom$140$2,350$2,490

    Affordability — Westside, Albuquerque, NM

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.1
    Median Home Price$368,000
    Median Household Income$81,800

    Westside, Albuquerque, NM — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Far Northeast, Albuquerque, NM

    87107

    Corrales, NM

    87048

    South Valley, Albuquerque, NM

    87104

    Rio Rancho, Albuquerque, NM

    87120

    West Albuquerque, Albuquerque, NM

    87113

    Frequently Asked Questions