Welcome to our 87047 real estate data hub, tailored for investors in Sandia Park, 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 87047 in Sandia Park, NM. Discover Section 8 housing opportunities and challenges to maximize your investment potential in SANDOVAL COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Sandia Park, NM real estate investing. Uncover the wealth of information available, and position yourself for success in the Sandia Park property market.
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Location Overview
- Zip Code: 87047
- City: Sandia Park
- State: NM
- Metro Area: Albuquerque, NM
- County Name: SANDOVAL COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $464,372
- Average Home Price (Single Family Homes): $464,792
- Average Monthly Rental Price (All Types): Not Available
- Price-to-Rent Ratio: Not Available
- Zillow Projected % appreciation from 4/2023-4/2024: 2.8%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,660
- Average 3 Bedroom Section 8 Rental Rates: $2,350
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 23.31
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 16.47
- Number of Units Offered in Section 8 in the County: 104
- Number of Occupied Units in Section 8 in the County: 96
- Percentage of Section 8 Units Occupied in the County: 92.69999695%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 230.75
- Total % Appreciation since 2000 (Government Data): 125.15
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.86%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 1.8%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 38.1%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 60.18%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 83.26%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 50.6%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 115.1%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%