Español

Este sitio también está en español. Leer en español

City · 562,218 residents · Bernalillo County, New Mexico

Albuquerque , New Mexico

In Albuquerque, a typical home is worth $291,500 and typical rent is $1,145 a month. Home values, rent and income are very close to those of all of Bernalillo County.

WhatsApp

  • Typical home value

    $291,500

    About the same as the county

    17% above New Mexico

    • Albuquerque
    • Bernalillo
    • New Mexico

  • Typical rent

    $1,145a month

    About the same as the county

    7% above New Mexico

    • Albuquerque
    • Bernalillo
    • New Mexico

  • Typical household income

    $68,317a year

    About the same as the county

    7% above New Mexico

    • Albuquerque
    • Bernalillo
    • New Mexico

  • Households that own their home

    62%

    3 points below the county

    8 points below New Mexico

    • Albuquerque
    • Bernalillo
    • New Mexico

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$344,199
1.7% more than 12 months ago
Typical rent
$1,452 a month
1.4% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Albuquerque is in Bernalillo County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Bernalillo County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Albuquerque apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in South Valley, the typical home value is $224,300: 23% less than in Albuquerque ($291,500).

  2. Nearby, in North Valley, the typical rent is $893: 22% less than in Albuquerque ($1,145).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Albuquerque

What homes there are in Albuquerque, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Albuquerque, 6 in 10 homes are single-family detached houses, about the same as in Bernalillo County.

Year built

By age, homes in Albuquerque look like those in Bernalillo County: the typical year built is 1982.

Much as in Bernalillo County, 60% of homes in Albuquerque have 3 bedrooms or more.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

By price, most homes in Albuquerque sit under the FHA limit for Bernalillo County ($541,287): about 90%.

Monthly rent with utilities

HUD's 2-bedroom fair market rent (FMR) for Bernalillo County is $1,384: about 65% of rents in Albuquerque are below it.

With a mortgage

$1,604 a month

Bernalillo County: $1,615 a month

Without a mortgage

$541 a month

Bernalillo County: $538 a month

Owners with a mortgage

64%

Bernalillo County: 63%

Owning costs about the same in Albuquerque as in Bernalillo County: with a mortgage, $1,604 a month; without one, $541.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, home values in Albuquerque rose at about the same pace as in Bernalillo County: 47% against 47%.

Rents in Albuquerque rose at about the same pace as in Bernalillo County: 31% since 2015–2019, against 31%.

While home values in Albuquerque changed +47% and rent +31%, the typical household income rose 29%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureAlbuquerqueBernalillo CountyNew MexicoUnited States
Rental vacancy 5.9%5.6%5.9%5.5%
Homeowner vacancy 0.7%0.7%1.0%0.9%
More than one person per room 2.7%2.7%3.3%3.4%
People per household 2.272.322.482.53
Drive alone 71%71%74%69%
Carpool 9%10%10%9%
Public transit 1%1%1%3%
Walk or bike 3%3%2%3%
Work from home 15%15%12%15%
Other means 1%1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes10 to 19 minutes20 to 29 minutes

Open rentals in Albuquerque look like those in Bernalillo County: the rental vacancy rate is 5.9%.

In Albuquerque, 2.7% of households live with more than one person per room, about the same as in Bernalillo County.

Much as in Bernalillo County, a household in Albuquerque has 2.27 people on average.

To get to work, 71% of workers in Albuquerque drive alone; in Bernalillo County, 71%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Albuquerque?

A typical home costs more than the typical income allows

We start with a typical home in Albuquerque, worth $291,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 42% of the typical household income in Albuquerque, which is $68,317 a year. For that payment to be 28% of income, a household would need to earn about $103,407 a year.

The calculator's FHA and conventional loan limits are those of all of Bernalillo County.

Your numbers

Local data
$

Starts at the typical home value in Albuquerque. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $10,203 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,413

at 7.18% · 30 years

Loan amount
$286,220
Total interest
$411,803
Paid off in
November 2056

Includes $4,923 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,594 a month

  • Tight

    $1,594 to $2,050 a month

  • Hard

    more than $2,050 a month

    Your payment · 42%

Compared with the typical household income in Albuquerque ($68,317 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,413
Principal & interest$1,939
Property tax$224
Home insurance$122
FHA mortgage insurance (MIP)$129

You need at least $10,203 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Albuquerque and Bernalillo County

Albuquerque is in Bernalillo County, New Mexico. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Albuquerque's own numbers

Typical home value
$291,500
Typical monthly rent
$1,145
Typical yearly household income
$68,317
Households that own their home
62%
Effective property tax rate
0.92%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Bernalillo County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,384
Price change over 5 years (FHFA)
+53%
Homes in a high flood-risk zone
0.9%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Bernalillo County.

Everything about Bernalillo County

Buying

Buying a home in Albuquerque

A typical home in Albuquerque is worth $291,500: about the same as the county and 17% above New Mexico. With the typical household income in Albuquerque ($68,317 a year), a typical home costs 4.3 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Albuquerque 4.3 years
  • Bernalillo 4.2 years
  • New Mexico 3.9 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Bernalillo County

According to FHFA’s house price index, home prices in Bernalillo County rose 86% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Bernalillo County.

Period County New Mexico U.S.
Last year (2025) +2.9% +3.1% +2.9%
5 years (2020–2025) +53% +50% +47%
10 years (2015–2025) +86% +82% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Albuquerque next to Bernalillo County, New Mexico and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Albuquerque $291,500
  • Bernalillo $292,900
  • New Mexico $248,100
  • United States $332,700
Typical monthly rent
  • Albuquerque $1,145
  • Bernalillo $1,144
  • New Mexico $1,067
  • United States $1,413
Typical yearly household income
  • Albuquerque $68,317
  • Bernalillo $69,473
  • New Mexico $64,059
  • United States $80,734
See the full table
Albuquerque next to Bernalillo County and New Mexico
Measure Albuquerque Bernalillo County New Mexico U.S.
Typical home value $291,500 $292,900 $248,100 $332,700
Typical monthly rent $1,145 $1,144 $1,067 $1,413
Typical yearly household income $68,317 $69,473 $64,059 $80,734
Households that own their home 62% 65% 70% 65%
Typical yearly property tax $2,678 $2,629 $1,731 $3,119
Effective property tax rate 0.92% 0.9% 0.7% 0.94%
Renters with high rent for their income 52% 52% 50% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Bernalillo County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Albuquerque

For a typical $291,500 home in Albuquerque, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Albuquerque's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,413a month

    Least cash to close
    Down payment
    $10,203
    Cash to close
    $18,948
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $129

  • Conventional, 5% down $2,359a month

    Down payment
    $14,575
    Cash to close
    $23,320
    Rate
    7.18%
    Mortgage insurance
    PMI · $138

  • Conventional, 20% down, no PMI $1,925a month

    Down payment
    $58,300
    Cash to close
    $67,045
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,194a month

    Down payment
    $43,725
    Cash to close
    $52,470
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Albuquerque and for Bernalillo County.

Property tax

Effective rate in Albuquerque

0.92%of the home’s value each year

$2,678 a year for the typical owner in Albuquerque.

  • Albuquerque 0.92%
  • Bernalillo 0.9%
  • New Mexico 0.7%

What New Mexico publishes 3 percent cap on the yearly increase in your home's taxable value (New Mexico Legislative Finance Committee ("Property Taxes in New Mexico" brief))

Exemptions and deadlines in New Mexico

Flood risk in Bernalillo County

FEMA does not publish these numbers by city: they are for all of Bernalillo County.

Homes in the high-risk zone
0.9%
2,123
Of those, with NFIP insurance
29%
County New Mexico U.S.
Homes in the high-risk zone 0.9% 5.7% 3.5%
Of those, with NFIP insurance 29% 16% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Albuquerque

Typical rent in Albuquerque is $1,145 a month: about the same as the county. In Albuquerque, 52% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Bernalillo County, by unit size. To pay the 2-bedroom one ($1,384 a month) without spending more than 30% of your income, you would need to earn $26.62 an hour working full time.

HUD fair market rent for all of Bernalillo County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $977 $18.79 $39,080
1 bedroom $1,112 $21.38 $44,480
2 bedrooms $1,384 $26.62 $55,360
3 bedrooms $1,902 $36.58 $76,080
4 bedrooms $2,242 $43.12 $89,680

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Albuquerque

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Albuquerque has 12 ZIP codes with their own.

For 2 bedrooms it runs from $1,320 in 87102 to $1,760 in 87111.

5 of the 12 are above the fair market rent for Bernalillo County ($1,384).

6 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Albuquerque when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Albuquerque

HUD lists 126 buildings with rents for lower incomes in Albuquerque. These are the largest.

  • La Vida Nueva 2323 Kathryn Ave SE, Albuquerque 87106 314 homes, 313 low-income
  • Villa Hermosa Apts 2600 Americare Ct NW, Albuquerque 87120 288 low-income homes · 1 bd: 48 · 2 bd: 216 · 3 bd: 24 · In service since 1999
  • Mountain View I 2323 Kathryn Ave SE, Albuquerque 87106 316 homes, 284 low-income · Studio: 32 · 1 bd: 64 · 2 bd: 112 · 3 bd: 108 · In service since 2000
  • Alta Vista Apts 4200 Spanish Bit NE, Albuquerque 87111 270 homes, 268 low-income · In service since 2004
  • Arioso Apts 7303 Montgomery Blvd NE, Albuquerque 87109 265 homes, 262 low-income · In service since 2005

See all 128 buildings in Bernalillo County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Albuquerque

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 4 HUD-approved agencies with an office in Bernalillo County; 1 says it serves in Spanish.

Two women and a girl laugh together at the bus stop.

HUD counseling is free or low-cost

Assistance programs in Albuquerque

No down payment, repair or rent-help program on our list is for Albuquerque or Bernalillo County. The ones below are statewide in New Mexico: they work in Albuquerque the same as in the rest of the state.

Which programs do I qualify for? All programs in New Mexico

  • FirstDown

    Statewide in New Mexico

    New Mexico state agency fixed-rate second mortgage for the down payment and closing costs of first-time buyers, together with the FirstHome mortgage. Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).

    Repayable

    See the program Official page

  • HomeNow

    Statewide in New Mexico

    New Mexico state agency fixed $7,000 second mortgage for the down payment and closing costs of low-income first-time buyers; no monthly payments and forgivable after 10 years. Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).

    Forgivable

    See the program Official page

  • FirstDown Plus

    Statewide in New Mexico

    New Mexico state agency fixed $10,000 third loan at 0%, for the down payment only, added to FirstDown or HomeNow; repaid in monthly installments over 15 years. Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).

    Repayable

    See the program Official page

Housing counselors near Albuquerque

The HUD-approved agencies closest to the center of Albuquerque, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Homewise, Inc.

    500 2nd St. SW, Albuquerque · 2 miles away · Spanish

    Also serves in American Sign Language (ASL).

    • Budget and credit workshops
    • Pre-purchase counseling
    • and 1 more
    (505) 243-6566

  • United South Broadway Corporation

    1500 Walter St SE, Albuquerque · 3 miles away

    • Mortgage delinquency and default
    (505) 764-8867

  • Southwest Neighborhood Housing Services, Inc.

    6301 4th St NW Ste 5, Los Ranchos · 3 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (505) 243-5511

Every agency in Bernalillo County All counseling agencies in New Mexico

Help in Spanish near Albuquerque

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Albuquerque

HUD’s record names them for Albuquerque or Bernalillo County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • City of Albuquerque Housing Authority Public housing and Section 8 vouchers (505) 764-3920
  • Bernalillo County Housing Department Public housing and Section 8 vouchers (505) 314-0200

All housing agencies in New Mexico Source: HUD

Cities

Other cities in Bernalillo County

These cities are also in Bernalillo County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Bernalillo County Housing in New Mexico

Nearby cities

The cities closest to Albuquerque, with the typical home value.

Neighboring counties

If Bernalillo County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Albuquerque.

All guides
A couple spread mulch under the avocado trees of their family orchard, he on the tractor and she with a shovel.

Questions

Housing questions about Albuquerque

Short answers with the numbers for Albuquerque and all of Bernalillo County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Albuquerque?

The typical home value in Albuquerque is $291,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Bernalillo County it is $292,900.

How much does it cost to rent in Albuquerque?

Typical rent in Albuquerque is $1,145 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Bernalillo County is $1,384.

What is the FHA loan limit in Albuquerque?

Albuquerque uses the FHA limit for all of Bernalillo County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Albuquerque?

The typical homeowner in Albuquerque pays $2,678 a year, according to the U.S. Census Bureau. That is 0.92% of the home’s value; in Bernalillo County, the rate is 0.9%.

Where can I find free help to buy or rent in Albuquerque?

There are 4 HUD-approved counseling agencies with an office in Bernalillo County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).