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City · 10,455 residents · Bernalillo County, New Mexico

North Valley , New Mexico

In North Valley, a typical home is worth $302,700 and typical rent is $893 a month. Compared with all of Bernalillo County, typical rent is 22% lower, typical household income is 11% lower, and the share of households that own their home is 12 points higher.

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  • Typical home value

    $302,700

    3% above the county

    22% above New Mexico

    • North Valley
    • Bernalillo
    • New Mexico

  • Typical rent

    $893a month

    22% below the county

    16% below New Mexico

    • North Valley
    • Bernalillo
    • New Mexico

  • Typical household income

    $61,498a year

    11% below the county

    4% below New Mexico

    • North Valley
    • Bernalillo
    • New Mexico

  • Households that own their home

    76%

    12 points above the county

    6 points above New Mexico

    • North Valley
    • Bernalillo
    • New Mexico

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

North Valley 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 North Valley apart

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

  1. The typical rent in North Valley is $893 a month, 22% less than in Bernalillo County as a whole ($1,144).

  2. Nearby, in Bernalillo, the typical home value is $255,500: 16% less than in North Valley ($302,700).

  3. 76% of households in North Valley own their home, against 65% in Bernalillo County.

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

The homes here

Housing in North Valley

What homes there are in North Valley, 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

The detached house is the most common home in North Valley: 64% of homes, near the figure in Bernalillo County (64%).

There are more mobile homes here than in Bernalillo County: 27% of homes, against 5%.

Year built

In North Valley, half of the homes were built before 1978; in Bernalillo County, before 1982.

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

About 81% of owner-occupied homes in North Valley are worth less than the FHA loan limit for Bernalillo County ($541,287).

Monthly rent with utilities

With a mortgage

$1,723 a month

Bernalillo County: $1,615 a month

Without a mortgage

$507 a month

Bernalillo County: $538 a month

Owners with a mortgage

43%

Bernalillo County: 63%

In North Valley, 43% of owners have a mortgage, and their typical cost is $1,723 a month, against $1,615 in Bernalillo County. Without one it drops to $507.

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

Homes in North Valley gained value more slowly than in Bernalillo County: 37% since 2015–2019, against 47%.

Since 2015–2019, the typical rent in North Valley did not change clearly, according to the Census.

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

MeasureNorth ValleyBernalillo CountyNew MexicoUnited States
Rental vacancy Unreliable estimate5.6%5.9%5.5%
Homeowner vacancy Unreliable estimate0.7%1.0%0.9%
More than one person per room Unreliable estimate2.7%3.3%3.4%
People per household 2.442.322.482.53
Drive alone 71%71%74%69%
Carpool Unreliable estimate10%10%9%
Public transit Unreliable estimate1%1%3%
Walk or bike Unreliable estimate3%2%3%
Work from home 22%15%12%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate20 to 29 minutes10 to 19 minutes20 to 29 minutes

Households in North Valley are bigger: 2.44 people on average; in Bernalillo County, 2.32.

In North Valley, 22% of workers work from home, more than in Bernalillo County (15%).

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 North Valley?

A typical home costs more than the typical income allows

We start with a typical home in North Valley, worth $302,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 48% of the typical household income in North Valley, which is $61,498 a year. For that payment to be 28% of income, a household would need to earn about $105,002 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 North Valley. 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 $10,595 (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

$2,450

at 7.18% · 30 years

Loan amount
$297,217
Total interest
$427,625
Paid off in
November 2056

Includes $5,112 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,435 a month

  • Tight

    $1,435 to $1,845 a month

  • Hard

    more than $1,845 a month

    Your payment · 48%

Compared with the typical household income in North Valley ($61,498 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,450
Principal & interest$2,013
Property tax$177
Home insurance$126
FHA mortgage insurance (MIP)$134

You need at least $10,595 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

North Valley and Bernalillo County

North Valley 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).

North Valley's own numbers

Typical home value
$302,700
Typical monthly rent
$893
Typical yearly household income
$61,498
Households that own their home
76%
Effective property tax rate
0.7%

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 North Valley

A typical home in North Valley is worth $302,700: 3% above the county and 22% above New Mexico. With the typical household income in North Valley ($61,498 a year), a typical home costs 4.9 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.

  • North Valley 4.9 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

North Valley 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
  • North Valley $302,700
  • Bernalillo $292,900
  • New Mexico $248,100
  • United States $332,700
Typical monthly rent
  • North Valley $893
  • Bernalillo $1,144
  • New Mexico $1,067
  • United States $1,413
Typical yearly household income
  • North Valley $61,498
  • Bernalillo $69,473
  • New Mexico $64,059
  • United States $80,734
See the full table
North Valley next to Bernalillo County and New Mexico
Measure North Valley Bernalillo County New Mexico U.S.
Typical home value $302,700 $292,900 $248,100 $332,700
Typical monthly rent $893 $1,144 $1,067 $1,413
Typical yearly household income $61,498 $69,473 $64,059 $80,734
Households that own their home 76% 65% 70% 65%
Typical yearly property tax $2,120 $2,629 $1,731 $3,119
Effective property tax rate 0.7% 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 North Valley

For a typical $302,700 home in North Valley, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, North Valley's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,450a month

    Least cash to close
    Down payment
    $10,595
    Cash to close
    $19,676
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $134

  • Conventional, 5% down $2,395a month

    Down payment
    $15,135
    Cash to close
    $24,216
    Rate
    7.18%
    Mortgage insurance
    PMI · $144

  • Conventional, 20% down, no PMI $1,943a month

    Down payment
    $60,540
    Cash to close
    $69,621
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,223a month

    Down payment
    $45,405
    Cash to close
    $54,486
    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 North Valley and for Bernalillo County.

Property tax

Effective rate in North Valley

0.7%of the home’s value each year

$2,120 a year for the typical owner in North Valley.

  • North Valley 0.7%
  • 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 North Valley

Typical rent in North Valley is $893 a month: 22% below the county. In North Valley, 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 North Valley

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). North Valley has 3 ZIP codes with their own.

For 2 bedrooms it runs from $1,320 in 87107 to $1,910 in 87113.

2 of the 3 are above the fair market rent for Bernalillo County ($1,384).

  • 87107 $1,320$1,840
  • 87113 $1,910$2,630
  • 87114 $1,560$2,140

3 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for North Valley 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?

Free help

Help to buy or rent in North Valley

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.

A man shakes hands with the specialist who helped him with his loan, in the kitchen of his new home.

HUD counseling is free or low-cost

Assistance programs in North Valley

No down payment, repair or rent-help program on our list is for North Valley or Bernalillo County. The ones below are statewide in New Mexico: they work in North Valley 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 North Valley

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

  • Southwest Neighborhood Housing Services, Inc.

    6301 4th St NW Ste 5, Los Ranchos · 2 miles away

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

  • Homewise, Inc.

    500 2nd St. SW, Albuquerque · 7 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 · 7 miles away

    • Mortgage delinquency and default
    (505) 764-8867

Every agency in Bernalillo County All counseling agencies in New Mexico

Help in Spanish near North Valley

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 North Valley

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

  • Bernalillo County Housing Department Public housing and Section 8 vouchers (505) 314-0200

One other authority has an office in Bernalillo County: see the list 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 North Valley, 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 North Valley.

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 North Valley

Short answers with the numbers for North Valley 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 North Valley?

The typical home value in North Valley is $302,700, 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 North Valley?

Typical rent in North Valley is $893 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 North Valley?

North Valley 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 North Valley?

The typical homeowner in North Valley pays $2,120 a year, according to the U.S. Census Bureau. That is 0.7% of the home’s value; in Bernalillo County, the rate is 0.9%.

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

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).