Albuquerque housing market
Typical home value
$349K
▲ 1.5% 1 yr
Typical rent
$1,490/mo
▲ 1.3% 1 yr
12-month forecast
+2.4%
#210 of 546 metros
Gross rent yield
5.1%
#394 of 546 · U.S. 6.3%
Days to pending
41 days
▼ −2 days 1 yr
Listings with a price cut
32%
▼ −0.4 pts 1 yr
Key takeaways
- 1The typical home is worth $348,674, up 1.5% in a year and up 28% over five years.
- 2Zillow forecasts home values rising 2.4% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,490/mo (+1.3% YoY), a 5.1% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,916/mo in principal and interest, $426 more than renting.
- 5Homes go under contract in 41 days (−2 days vs last year); 32% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 32/100, #407 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Albuquerque compares
| Measure | Albuquerque | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +1.5% | +1.2% | #326 |
| Home value, 5-yr change | +28.2% | +19.7% | |
| 12-month forecast | +2.4% | +1.1% | #210 |
| Rent, 1-yr change | +1.3% | +2.7% | #460 |
| Gross rent yield | 5.1% | 6.3% | #394 |
| Price-to-rent ratio | 19.5 | 15.8 | |
| Mortgage P&I on typical home | $1,916 | $2,012 | |
| Income needed to buy | $94,799 | $100,902 | |
| Days to pending | 41 | 56 |
Cities in the Albuquerque metro
3 cities with home value and rent data.
| Albuquerque | $344K | ▲ 1.7% | $1,452 | ▲ 1.3% | 5.1% |
| Rio Rancho | $360K | ▲ 0.7% | $1,867 | ▲ 1.8% | 6.2% |
| Los Lunas | $331K | ▲ 2.7% | $2,040 | ▲ 2.3% | 7.4% |
Run the numbers
Rental property calculator
Cash flow on a typical Albuquerque rental ($349K, $1,490/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Albuquerque home.
Rent vs buy
Is it cheaper to rent or buy in Albuquerque?
Other New Mexico metros
Las Cruces, NM
$285K home$1,472 rent6.2% yield
▼ 0.6% 1 yr
Santa Fe, NM
$549K home$1,953 rent4.3% yield
▲ 0.8% 1 yr
Farmington, NM
$274K home$1,399 rent6.1% yield
▲ 6.8% 1 yr
Hobbs, NM
$197K home$1,469 rent9.0% yield
▲ 3.0% 1 yr
Alamogordo, NM
$230K home$1,524 rent8.0% yield
▼ 1.8% 1 yr
Roswell, NM
$171K home$1,263 rent8.8% yield
▲ 0.4% 1 yr
Carlsbad, NM
$248K home$1,582 rent7.7% yield
▲ 3.1% 1 yr
Clovis, NM
$160K home$1,305 rent9.8% yield
▲ 2.4% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.