Albuquerque, NM 87108 - Real Estate Investment Insights & Performance Data

Welcome to our 87108 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 87108 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: 87108
  • City: Albuquerque
  • State: NM
  • Metro Area: Albuquerque, NM
  • County Name: BERNALILLO COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $257,372
  • Average Home Price (Single Family Homes): $258,772
  • Average Monthly Rental Price (All Types): $1,008
  • Price-to-Rent Ratio: 21
  • Zillow Projected % appreciation from 4/2023-4/2024: 2.1%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $970
  • Average 3 Bedroom Section 8 Rental Rates: $1,380
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 22.11
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 15.54
  • 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): 232.09
  • Total % Appreciation since 2000 (Government Data): 121.61
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.98%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 6.37%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 40.66%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 60.37%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 86.34%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 47.35%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 118.21%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 6.1%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 16.65%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 49.21%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 62.91%