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  5. /West Albuquerque, Albuquerque, NM - 87113

West Albuquerque, Albuquerque, NM—87113

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$429,000
0.1% YoY Growth
Household Income
$92,100
11.0% YoY Growth
Days on Market
63
13.0% Longer YoY
Home Price Forecast
1.6%
Median Rent
$2,010
4.7% YoY Growth
1-Bed Rent
$1,700
5.9% YoY Growth
2-Bed Rent
$2,100
15.6% YoY Growth
3-Bed Rent
$2,370
5.7% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — West Albuquerque, Albuquerque, NM

As of May '26, the median home price in West Albuquerque, Albuquerque, NM is $429,000, with a year-over-year change of 0.1%. This indicates that home prices in West Albuquerque, Albuquerque, NM are flat. 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 TypeMedian Home ValueYoY % Change
All Homes
$429,0000.1%
Single Family $441,0000.0%
Condos $260,0003.6%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $210,000
    1.4%
    2 Bed
    		$298,0002.4%
    3 Bed
    		$416,0000.2%
    4 Bed
    		$526,000-0.4%
    5 Bed $654,027-0.4%
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    % of Housing Stock

    Studio
    1.6%
    1 Bedroom
    9.2%
    2 Bedrooms
    19.3%
    3 Bedrooms
    42.0%
    4 Bedrooms
    25.9%
    5+ Bedrooms
    2.0%

    Rental Trends — West Albuquerque, Albuquerque, NM

    As of July '25, Rentcast reports the average rent in West Albuquerque, Albuquerque, NM is $2,020, with a year-over-year rent change of -4.7%. Per bedroom, the median rent as of July '25 in West Albuquerque, Albuquerque, NM is studios: $1,630, 1-bedrooms: $1,740, 2-bedrooms: $2,150, 3-bedrooms: $2,420, 4-bedrooms: $2,660. The most common rental property sizes in West Albuquerque, Albuquerque, NM are 2-bedroom and 3-bedroom, accounting for 32.6% and 31.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,010$2,020
    Studio Rent $1,600$1,630
    1 Bed Rent $1,700$1,740
    2 Bed Rent $2,100$2,150
    3 Bed Rent $2,370$2,420
    4 Bed Rent $2,700$2,660
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    % of Rental Stock

    Studio
    2.0%
    1 Bedroom
    23.2%
    2 Bedrooms
    32.6%
    3 Bedrooms
    31.3%
    4 Bedrooms
    11.0%

    Property Listings — West Albuquerque, Albuquerque, NM

    As of May '26, Realtor.com reports that the median days on market for a home in West Albuquerque, Albuquerque, NM is 63. This is a increase of 13.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$479,0005.0%
    Listing Count
    		34-7.0%
    Listings as % of Homes0.3%-7.0%
    Days on Market
    		6313.0%
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    Demographics — West Albuquerque, Albuquerque, NM

    As of the latest ACS Survey released in 2023, West Albuquerque, Albuquerque, NM has a population of 16,400, which has increased by 5.5% over the past 5 years. West Albuquerque, Albuquerque, NM is a moderately popular place for families, as children make up 23.9% of the population. The area has a highly educated workforce, with 51.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.1% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		16,4005.5%
    % Under 18
    		23.9%3.5%
    % Seniors
    		15.6%39.3%
    % WFH
    		14.1%422.2%
    % w/ College Degree
    		51.7%12.9%
    Loading chart...

    As of the latest ACS Survey released in 2023, West Albuquerque, Albuquerque, NM is a predominantly white area, with 41.2% of the population identifying as white. The white population has grown by 1.5% in the last 5 years. The second most common race or ethnicity in West Albuquerque, Albuquerque, NM is hispanic, making up 28.1% of the population. Foreign-born residents account for 17.1% of the population in West Albuquerque, Albuquerque, NM, and this percentage has increased by 83.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		41.2%1.5%
    % Black
    		1.2%-20.0%
    % Hispanic
    		28.1%-36.4%
    % Asian
    		18.5%143.4%
    % Foreign Born
    		17.1%83.9%
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    Mortgage and Risk — West Albuquerque, Albuquerque, NM

    West Albuquerque, Albuquerque, NM lacks sufficient mortgage origination data for analysis.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		N/A
    % Conventional Loans
    		N/A
    % Government Loans
    		N/A
    % Investor Loans
    		N/A
    % Second Loans
    		N/A
    % Cash Out Refinance
    		N/A
    Loading chart...
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    Rentals and Section 8 — West Albuquerque, Albuquerque, NM

    As of 2024, the percent of homes in West Albuquerque, Albuquerque, NM under the Section 8 program is 4.7%. 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 West Albuquerque, 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
    		95
    Total Units Section 8
    		95
    % Rentals under Section 8
    		4.7%
    % Occupied Section 8
    		78.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$190$1,700$1,510
    2 Bedroom-$250$2,100$1,850
    3 Bedroom$220$2,370$2,590
    4 Bedroom$370$2,700$3,070

    Affordability — West Albuquerque, Albuquerque, NM

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.2
    Median Home Price$429,000
    Median Household Income$92,100

    West Albuquerque, Albuquerque, NM — ZIP Code Boundary Map

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    Nearby ZIP Codes

    North Albuquerque, Albuquerque, NM

    87109

    Corrales, NM

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    Near North Valley, Albuquerque, NM

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    87122

    North Valley, Albuquerque, NM

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    Frequently Asked Questions