Near North Valley, Albuquerque, NM—87111
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Near North Valley, Albuquerque, NM
As of Oct '25, the median home price in Near North Valley, Albuquerque, NM is $411,000, with a year-over-year change of 1.6%. This indicates that home prices in Near North Valley, 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 | $411,000 | 1.6% |
| Single Family | $418,000 | 1.5% |
| Condos | $264,000 | 2.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $304,000 | 0.7% |
3 Bed | $392,000 | 1.3% |
4 Bed | $524,000 | 2.1% |
| 5 Bed | $716,000 | 2.0% |
% of Housing Stock
Rental Trends — Near North Valley, Albuquerque, NM
As of July '25, Rentcast reports the average rent in Near North Valley, Albuquerque, NM is $1,590, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Near North Valley, Albuquerque, NM is studios: $1,030, 1-bedrooms: $1,380, 2-bedrooms: $1,660, 3-bedrooms: $2,260, 4-bedrooms: $2,640. The most common rental property sizes in Near North Valley, Albuquerque, NM are 2-bedroom and 1-bedroom, accounting for 40.5% and 39.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,590 |
| Studio Rent | $1,020 | $1,030 |
| 1 Bed Rent | $1,380 | $1,380 |
| 2 Bed Rent | $1,660 | $1,660 |
| 3 Bed Rent | $2,100 | $2,260 |
| 4 Bed Rent | $2,500 | $2,640 |
% of Rental Stock
Property Listings — Near North Valley, Albuquerque, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Near North Valley, Albuquerque, NM is 55. This is a increase of 12.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $441,000 | -1.0% |
Listing Count | 169 | -5.0% |
| Listings as % of Homes | 0.4% | -5.0% |
Days on Market | 55 | 12.0% |
Demographics — Near North Valley, Albuquerque, NM
As of the latest ACS Survey released in 2023, Near North Valley, Albuquerque, NM has a population of 57,200, which has decreased by -1.7% over the past 5 years. Near North Valley, Albuquerque, NM is a moderately popular place for families, as children make up 17.0% of the population. The area has a highly educated workforce, with 56.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 57,200 | -1.7% |
% Under 18 | 17.0% | -16.7% |
% Seniors | 24.1% | 8.6% |
% WFH | 14.6% | 147.5% |
% w/ College Degree | 56.1% | 12.7% |
As of the latest ACS Survey released in 2023, Near North Valley, Albuquerque, NM is a predominantly white area, with 60.6% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Near North Valley, Albuquerque, NM is hispanic, making up 27.7% of the population. Foreign-born residents account for 7.6% of the population in Near North Valley, Albuquerque, NM, and this percentage has increased by 2.7% 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 | 60.6% | -1.5% |
% Black | 1.5% | -31.8% |
% Hispanic | 27.7% | 5.7% |
% Asian | 3.1% | -24.4% |
% Foreign Born | 7.6% | 2.7% |
Mortgage and Risk — Near North Valley, Albuquerque, NM
According to HUD data as of 2023, there were 623 mortgage originations in Near North Valley, Albuquerque, NM, of which 80.0% 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 Near North Valley, Albuquerque, NM. Investor activity is low, as 3.0% 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 | 623 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Near North Valley, Albuquerque, NM
As of 2024, the percent of homes in Near North Valley, Albuquerque, NM under the Section 8 program is 2.9%. 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 Near North Valley, 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 | 359 |
Total Units Section 8 | 342 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $1,380 | $1,330 |
| 2 Bedroom | -$30 | $1,660 | $1,630 |
| 3 Bedroom | $180 | $2,100 | $2,280 |
| 4 Bedroom | $200 | $2,500 | $2,700 |
Affordability — Near North Valley, Albuquerque, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $411,000 |
| Median Household Income | $84,500 |