Welcome to our 87107 real estate data hub, tailored for investors in Albuquerque, NM. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 87107 in Albuquerque, NM. Discover Section 8 housing opportunities and challenges to maximize your investment potential in BERNALILLO COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Albuquerque, NM real estate investing. Uncover the wealth of information available, and position yourself for success in the Albuquerque property market.
-
Location Overview
- Zip Code: 87107
- City: Albuquerque
- State: NM
- Metro Area: Albuquerque, NM
- County Name: BERNALILLO COUNTY
-
Real Estate Market Snapshot
- Average Home Price (All Types): $311,504
- Average Home Price (Single Family Homes): $316,302
- Average Monthly Rental Price (All Types): $1,163
- Price-to-Rent Ratio: 22
- Zillow Projected % appreciation from 4/2023-4/2024: 2.6%
-
Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $980
- Average 3 Bedroom Section 8 Rental Rates: $1,390
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 26.49
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 18.68
- Number of Units Offered in Section 8 in the County: 2078
- Number of Occupied Units in Section 8 in the County: 1961
- Percentage of Section 8 Units Occupied in the County: 94.40000153%
-
Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 253.44
- Total % Appreciation since 2000 (Government Data): 123.25
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.45%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 5.81%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 43.25%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 63.91%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 89.13%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 64.6%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 138.22%
-
Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -1.92%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 8.56%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 34.83%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 43.82%