West Mesa, Albuquerque, NM—87121
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Mesa, Albuquerque, NM
As of Oct '25, the median home price in West Mesa, Albuquerque, NM is $282,000, with a year-over-year change of 1.7%. This indicates that home prices in West Mesa, Albuquerque, NM are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $282,000 | 1.7% |
| Single Family | $282,000 | 1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $238,000 | 2.1% |
3 Bed | $279,000 | 1.8% |
4 Bed | $315,000 | 2.3% |
| 5 Bed | $348,000 | 2.7% |
% of Housing Stock
Rental Trends — West Mesa, Albuquerque, NM
As of July '25, Rentcast reports the average rent in West Mesa, Albuquerque, NM is $1,700, with a year-over-year rent change of 5.6%. Per bedroom, the median rent as of July '25 in West Mesa, Albuquerque, NM is studios: $1,030, 1-bedrooms: $1,260, 2-bedrooms: $1,710, 3-bedrooms: $1,880, 4-bedrooms: $2,190. The most common rental property sizes in West Mesa, Albuquerque, NM are 3-bedroom and 2-bedroom, accounting for 50.4% and 19.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,700 |
| Studio Rent | $1,030 | $1,030 |
| 1 Bed Rent | $1,370 | $1,260 |
| 2 Bed Rent | $1,720 | $1,710 |
| 3 Bed Rent | $1,850 | $1,880 |
| 4 Bed Rent | $2,250 | $2,190 |
% of Rental Stock
Property Listings — West Mesa, Albuquerque, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in West Mesa, Albuquerque, NM is 57. This is a increase of 10.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $325,000 | 0.0% |
Listing Count | 162 | -15.0% |
| Listings as % of Homes | 0.4% | -15.0% |
Days on Market | 57 | 10.0% |
Demographics — West Mesa, Albuquerque, NM
As of the latest ACS Survey released in 2023, West Mesa, Albuquerque, NM has a population of 76,100, which has decreased by -3.5% over the past 5 years. West Mesa, Albuquerque, NM is a popular place for families, as children make up 29.1% of the population. The area has a poorly educated workforce, with 13.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 76,100 | -3.5% |
% Under 18 | 29.1% | -6.4% |
% Seniors | 8.6% | 30.3% |
% WFH | 7.7% | 352.9% |
% w/ College Degree | 13.0% | 8.3% |
As of the latest ACS Survey released in 2023, West Mesa, Albuquerque, NM is a predominantly hispanic area, with 81.6% of the population identifying as hispanic. The hispanic population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in West Mesa, Albuquerque, NM is white, making up 9.2% of the population. Foreign-born residents account for 18.2% of the population in West Mesa, Albuquerque, NM, and this percentage has decreased by 2.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 9.2% | -6.1% |
% Black | 2.4% | -17.2% |
% Hispanic | 81.6% | -1.3% |
% Asian | 1.5% | 200.0% |
% Foreign Born | 18.2% | -2.7% |
Mortgage and Risk — West Mesa, Albuquerque, NM
According to HUD data as of 2023, there were 337 mortgage originations in West Mesa, Albuquerque, NM, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in West Mesa, Albuquerque, NM. Investor activity is low, as 1.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 337 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — West Mesa, Albuquerque, NM
As of 2024, the percent of homes in West Mesa, Albuquerque, NM under the Section 8 program is 12.8%. 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. In West Mesa, Albuquerque, NM, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 1,039 |
Total Units Section 8 | 739 |
% Rentals under Section 8 | 12.8% |
% Occupied Section 8 | 84.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$340 | $1,370 | $1,030 |
| 2 Bedroom | -$450 | $1,720 | $1,270 |
| 3 Bedroom | -$70 | $1,850 | $1,780 |
| 4 Bedroom | -$140 | $2,250 | $2,110 |
Affordability — West Mesa, Albuquerque, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $282,000 |
| Median Household Income | $59,200 |