Albuquerque NM
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Albuquerque, NM Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Albuquerque Housing Market Information

With a population of 558,545, 221,119 total housing units (homes and apartments), and a median house value of $207,755, Albuquerque real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Albuquerque, accounting for 62.52% of the city's housing units. Other types of housing that are prevalent in Albuquerque include large apartment complexes or high rise apartments ( 20.01%), duplexes, homes converted to apartments or other small apartment buildings ( 7.74%), and a few row houses and other attached homes ( 5.82%).

The most prevalent building size and type in Albuquerque are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.14% owning and 40.86% renting.

There is a lot of housing in Albuquerque built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Albuquerque built between 1940-1969 ( 27.26%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.50%). There's also some housing in Albuquerque built before 1939 ( 2.75%).

Albuquerque Home Appreciation Rates

Albuquerque's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Albuquerque during the period has been just 0.38%, which is lower than 70% of US communities.

Over the last year, Albuquerque appreciation rates have trailed the rest of the nation. In the last twelve months, Albuquerque's appreciation rate has been 0.56%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Albuquerque were at 1.32%, which equates to an annual appreciation rate of 5.38%.

Relative to New Mexico, our data show that Albuquerque's latest annual appreciation rate is lower than 80% of the other cities and towns in New Mexico.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Albuquerque differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Albuquerque - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Albuquerque real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$207,755

Albuquerque, NM HOME PRICES

Value Range
> $1,123,000 0.5
$842,001 - $1,123,000 0.8
$561,001 - $842,000 1.9
$449,001 - $561,000 2.9
$337,001 - $449,000 9.3
$225,001 - $337,000 25.4
$112,001 - $225,000 45.9
$56,001 - $112,000 7.2
$0 - $56,000 6.2

Very High for NM
High for Nation

Value Relative to Nation Value Relative to State
36.0817518248175 17.7966101694915

Number Of Homes And Apartments:
221,119

Albuquerque Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NM*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
53.32% 2.22%
4
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,139 / per month

Homeownership Rate

Homeownership
Owners 59.14
Renters 40.86
Vacant 9.15

Housing Market Details

 

Age of Homes

AGE OF Albuquerque HOMES
2000 or Newer 19.5
1970 - 1999 50.5
1940 - 1969 27.3
1939 or Older 2.7

Types of Homes

TYPE OF Albuquerque HOMES
Single-Family 62.5
Townhomes 5.8
Small Apt. Buildings 7.7
Apt. Complexes 20.0
Mobile Homes 3.8
Other 0.1

Home Size

SIZE OF Albuquerque HOMES
No Bedroom 3.41
1 Bedroom 12.97
2 Bedrooms 23.84
3 Bedrooms 41.57
4 Bedrooms 15.76
5 or more bedrooms 2.45