West Albuquerque, Albuquerque, NM—87113
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Albuquerque, Albuquerque, NM
As of Oct '25, the median home price in West Albuquerque, Albuquerque, NM is $424,000, with a year-over-year change of 1.3%. This indicates that home prices in West Albuquerque, Albuquerque, NM are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $424,000 | 1.3% |
| Single Family | $436,000 | 1.2% |
| Condos | $257,000 | 0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $208,000 | 1.0% |
2 Bed | $289,000 | 1.0% |
3 Bed | $409,000 | 1.2% |
4 Bed | $523,000 | 1.4% |
| 5 Bed | $653,000 | 0.5% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% of Rental Stock
Property Listings — West Albuquerque, Albuquerque, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in West Albuquerque, Albuquerque, NM is 56. This is a decrease of -13.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $454,000 | -9.0% |
Listing Count | 45 | 12.0% |
| Listings as % of Homes | 0.3% | 12.0% |
Days on Market | 56 | -13.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,400 | 5.5% |
% Under 18 | 23.9% | 3.5% |
% Seniors | 15.6% | 39.3% |
% WFH | 14.1% | 422.2% |
% w/ College Degree | 51.7% | 12.9% |
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
| Metric | Latest Census | 5-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% |
Mortgage and Risk — West Albuquerque, Albuquerque, NM
West Albuquerque, Albuquerque, NM lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip 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 |
Loan Activity
No data available
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $424,000 |
| Median Household Income | $92,100 |