Welcome to our 87120 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 87120 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.
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Location Overview
- Zip Code: 87120
- City: Albuquerque
- State: NM
- Metro Area: Albuquerque, NM
- County Name: BERNALILLO COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $320,019
- Average Home Price (Single Family Homes): $321,561
- Average Monthly Rental Price (All Types): $1,502
- Price-to-Rent Ratio: 18
- Zillow Projected % appreciation from 4/2023-4/2024: 2.2%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,370
- Average 3 Bedroom Section 8 Rental Rates: $1,950
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 19.47
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 13.68
- 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%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 182.16
- Total % Appreciation since 2000 (Government Data): 108.35
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.37%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 4.13%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 35.57%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 54.68%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 79.25%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 48.81%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 103.36%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 3.78%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 8.48%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 43.17%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 62.05%