North Albuquerque, Albuquerque, NM—87109
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Albuquerque, Albuquerque, NM
As of Oct '25, the median home price in North Albuquerque, Albuquerque, NM is $372,000, with a year-over-year change of 1.0%. This indicates that home prices in North Albuquerque, Albuquerque, NM are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $372,000 | 1.0% |
| Single Family | $381,000 | 0.8% |
| Condos | $205,000 | -0.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $130,000 | -3.0% |
2 Bed | $290,000 | 2.5% |
3 Bed | $371,000 | 0.8% |
4 Bed | $467,000 | 1.1% |
| 5 Bed | $579,000 | 0.9% |
% of Housing Stock
Rental Trends — North Albuquerque, Albuquerque, NM
As of July '25, Rentcast reports the average rent in North Albuquerque, Albuquerque, NM is $1,390, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in North Albuquerque, Albuquerque, NM is studios: $1,150, 1-bedrooms: $1,230, 2-bedrooms: $1,440, 3-bedrooms: $1,730, 4-bedrooms: $3,930. The most common rental property sizes in North Albuquerque, Albuquerque, NM are 2-bedroom and 1-bedroom, accounting for 41.0% and 35.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,290 | $1,390 |
| Studio Rent | $960 | $1,150 |
| 1 Bed Rent | $1,200 | $1,230 |
| 2 Bed Rent | $1,350 | $1,440 |
| 3 Bed Rent | $1,680 | $1,730 |
| 4 Bed Rent | $2,420 | $3,930 |
% of Rental Stock
Property Listings — North Albuquerque, Albuquerque, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in North Albuquerque, Albuquerque, NM is 63. This is a increase of 4.0% 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $347,000 | -5.0% |
Listing Count | 114 | 15.0% |
| Listings as % of Homes | 0.3% | 15.0% |
Days on Market | 63 | 4.0% |
Demographics — North Albuquerque, Albuquerque, NM
As of the latest ACS Survey released in 2023, North Albuquerque, Albuquerque, NM has a population of 39,300, which has remained stable by -0.0% over the past 5 years. North Albuquerque, Albuquerque, NM is a moderately popular place for families, as children make up 17.3% of the population. The area has a moderately educated workforce, with 42.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,300 | 0.0% |
% Under 18 | 17.3% | 1.8% |
% Seniors | 23.6% | 25.5% |
% WFH | 13.0% | 176.6% |
% w/ College Degree | 42.2% | 8.2% |
As of the latest ACS Survey released in 2023, North Albuquerque, Albuquerque, NM is a predominantly white area, with 47.3% of the population identifying as white. The white population has shrunk by 6.0% in the last 5 years. The second most common race or ethnicity in North Albuquerque, Albuquerque, NM is hispanic, making up 36.1% of the population. Foreign-born residents account for 7.3% of the population in North Albuquerque, Albuquerque, NM, and this percentage has decreased by 8.8% 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 | 47.3% | -6.0% |
% Black | 4.5% | 32.4% |
% Hispanic | 36.1% | -0.3% |
% Asian | 3.3% | 3.1% |
% Foreign Born | 7.3% | -8.8% |
Mortgage and Risk — North Albuquerque, Albuquerque, NM
According to HUD data as of 2023, there were 158 mortgage originations in North Albuquerque, Albuquerque, NM, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in North Albuquerque, 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
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 158 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — North Albuquerque, Albuquerque, NM
As of 2024, the percent of homes in North Albuquerque, Albuquerque, NM under the Section 8 program is 9.1%. 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 and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in North Albuquerque, Albuquerque, NM, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 803 |
Total Units Section 8 | 802 |
% Rentals under Section 8 | 9.1% |
% Occupied Section 8 | 82.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $1,200 | $1,150 |
| 2 Bedroom | $60 | $1,350 | $1,410 |
| 3 Bedroom | $300 | $1,680 | $1,980 |
| 4 Bedroom | -$80 | $2,420 | $2,340 |
Affordability — North Albuquerque, Albuquerque, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $372,000 |
| Median Household Income | $56,300 |