Westside, Albuquerque, NM—87114
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Westside, Albuquerque, NM
As of Oct '25, the median home price in Westside, Albuquerque, NM is $367,000, with a year-over-year change of 1.0%. This indicates that home prices in Westside, Albuquerque, NM are flat. 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 | $367,000 | 1.0% |
| Single Family | $368,000 | 0.8% |
| Condos | $219,000 | 0.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $279,000 | -0.4% |
3 Bed | $347,000 | 0.9% |
4 Bed | $406,000 | 1.0% |
| 5 Bed | $481,000 | 0.6% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% of Rental Stock
Property Listings — Westside, Albuquerque, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Westside, Albuquerque, NM is 61. This is a increase of 28.0% 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 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $395,000 | 1.0% |
Listing Count | 219 | 23.0% |
| Listings as % of Homes | 0.5% | 23.0% |
Days on Market | 61 | 28.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 70,100 | 2.0% |
% Under 18 | 23.3% | -12.7% |
% Seniors | 14.8% | 19.4% |
% WFH | 14.7% | 206.2% |
% w/ College Degree | 38.8% | 6.6% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $367,000 |
| Median Household Income | $81,800 |