Paradise Hills, Albuquerque, NM—87123
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Paradise Hills, Albuquerque, NM
As of Oct '25, the median home price in Paradise Hills, Albuquerque, NM is $333,000, with a year-over-year change of 2.1%. This indicates that home prices in Paradise Hills, Albuquerque, NM are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $333,000 | 2.2% |
| Single Family | $336,000 | 2.1% |
| Condos | $272,000 | 2.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $255,000 | 2.4% |
3 Bed | $328,000 | 2.2% |
4 Bed | $458,000 | 2.2% |
| 5 Bed | $564,000 | 2.0% |
% of Housing Stock
Rental Trends — Paradise Hills, Albuquerque, NM
As of July '25, Rentcast reports the average rent in Paradise Hills, Albuquerque, NM is $1,300, with a year-over-year rent change of -3.0%. Per bedroom, the median rent as of July '25 in Paradise Hills, Albuquerque, NM is studios: $974, 1-bedrooms: $1,110, 2-bedrooms: $1,250, 3-bedrooms: $1,790, 4-bedrooms: $2,280. The most common rental property sizes in Paradise Hills, Albuquerque, NM are 2-bedroom and 1-bedroom, accounting for 35.6% and 26.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,160 | $1,300 |
| Studio Rent | $1,000 | $974 |
| 1 Bed Rent | $1,080 | $1,110 |
| 2 Bed Rent | $1,120 | $1,250 |
| 3 Bed Rent | $1,900 | $1,790 |
| 4 Bed Rent | $2,300 | $2,280 |
% of Rental Stock
Property Listings — Paradise Hills, Albuquerque, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Paradise Hills, Albuquerque, NM is 62. This is a increase of 19.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $356,000 | -12.0% |
Listing Count | 117 | -1.0% |
| Listings as % of Homes | 0.4% | -1.0% |
Days on Market | 62 | 19.0% |
Demographics — Paradise Hills, Albuquerque, NM
As of the latest ACS Survey released in 2023, Paradise Hills, Albuquerque, NM has a population of 43,500, which has remained stable by -1.0% over the past 5 years. Paradise Hills, Albuquerque, NM is a moderately popular place for families, as children make up 19.5% of the population. The area has a moderately educated workforce, with 33.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 43,500 | -1.0% |
% Under 18 | 19.5% | -13.3% |
% Seniors | 19.1% | 13.7% |
% WFH | 12.9% | 108.1% |
% w/ College Degree | 33.0% | 0.6% |
As of the latest ACS Survey released in 2023, Paradise Hills, Albuquerque, NM is a predominantly hispanic area, with 44.0% of the population identifying as hispanic. The hispanic population has grown by 2.1% in the last 5 years. The second most common race or ethnicity in Paradise Hills, Albuquerque, NM is white, making up 40.0% of the population. Foreign-born residents account for 12.4% of the population in Paradise Hills, Albuquerque, NM, and this percentage has increased by 1.6% 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 | 40.0% | -3.1% |
% Black | 3.2% | -11.1% |
% Hispanic | 44.0% | 2.1% |
% Asian | 5.2% | 30.0% |
% Foreign Born | 12.4% | 1.6% |
Mortgage and Risk — Paradise Hills, Albuquerque, NM
According to HUD data as of 2023, there were 690 mortgage originations in Paradise Hills, Albuquerque, NM, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Paradise Hills, Albuquerque, NM. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 690 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Paradise Hills, Albuquerque, NM
As of 2024, the percent of homes in Paradise Hills, Albuquerque, NM under the Section 8 program is 13.2%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Paradise Hills, Albuquerque, NM, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 997 |
Total Units Section 8 | 837 |
% Rentals under Section 8 | 13.2% |
% Occupied Section 8 | 80.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$110 | $1,080 | $970 |
| 2 Bedroom | $70 | $1,120 | $1,190 |
| 3 Bedroom | -$230 | $1,900 | $1,670 |
| 4 Bedroom | -$330 | $2,300 | $1,970 |
Affordability — Paradise Hills, Albuquerque, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $333,000 |
| Median Household Income | $61,600 |