Zip 87122 (Albuquerque, NM) Housing

The housing market in 87122 Albuquerque, NM is booming. The median value of a home in the area is $676,100, which is almost double the US house median value of $338,100. Additionally, the US 1 year house appreciation rate is 8.27% while the 1 year appreciation rate for homes in Albuquerque's 87122 area is 13.79%, meaning that this is a great time to buy a home in this area as it's likely to appreciate significantly over the coming years.

The median home cost in Albuquerque (zip 87122) is $676,100. Home appreciation the last 10 years has been 77.7%. Home Appreciation in Albuquerque (zip 87122) is up 17.1%.

Average Age of Homes

- The median age of Albuquerque (zip 87122) real estate is 23 years old

The Rental Market in Albuquerque (zip 87122)

- Renters make up 12.6% of the Albuquerque (zip 87122) population
- 0.4% of houses and apartments in Albuquerque (zip 87122), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Albuquerque, New Mexico	United States
	6,807.0	139,647,020.0
	25	42
	$676,100	$338,100
	17.1%	16.6%
	57.7%	57.0%
	77.7%	101.1%
	$9.76	$10.98
	$5,121	$2,690
	87.7%	57.4%
	3.6%	11.2%
	8.7%	31.4%
Vacant Housing
	0.4%	1.9%
	0.2%	0.4%
	0.7%	0.7%
	0.3%	0.4%
	0.5%	3.6%
	1.6%	4.1%
Value of Owner-Occupied Housing
	0.8%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.1%	3.9%
	0.1%	4.5%
	0.4%	11.3%
	1.9%	13.0%
	8.6%	20.1%
	13.9%	13.6%
	20.7%	8.3%
	35.1%	9.7%
	12.9%	3.9%
	5.1%	2.2%
	0.3%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.5%	0.2%
	29.2%	13.6%
	29.2%	13.6%
	35.9%	13.6%
	17.3%	13.2%
	9.6%	14.8%
	35.9%	13.6%
	0.2%	10.0%
	0.0%	4.7%
	0.1%	12.2%

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