Real Estate Investing in Albuquerque, New Mexico (87102)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 87102 (Albuquerque, NM)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.9% vacancy may signal weakening demand.
- Elevated poverty: 28.4% poverty rate — can affect rent collection.
- Lower household income: $35,069 median — tenant affordability is tighter.
What’s happening in Albuquerque, NM (87102)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 87102 Albuquerque
ZIP 87102 in Albuquerque, NM carries a significant set of headwinds. Home values near $248K and rents of $1,130/mo sit inside a market where underwriting has to be tight.
The investment case in 87102 is substantial only for operators who understand what they are buying. A $248K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader NM picture, 87102 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 87102 includes headwinds that any investor should price in. Income distribution skews lower than Albuquerque averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 87102 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Albuquerque:
Property Strategy for 87102
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $206,666 | $1,100 | 3.8% | +9.1% | $206,666 |
| 2BR | $228,334 | $1,360 | 4.3% | +9.8% | $114,167 |
| 3BR | $267,387 | $1,890 | 5.1% | +9.7% | $89,129 |
| 4BR | $307,838 | $2,230 | 5.2% | +8.4% | $76,960 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 87102 Compare?
| Metric | 87102 | Albuquerque | Albuquerque, NM | New Mexico |
|---|---|---|---|---|
| Home Value | $247,886 | $141,103 | N/A | $308,799 |
| 5-Year CAGR | 6.9% | 5.9% | N/A | 7.3% |
| Avg Rent | $1,130 | $1,488 | N/A | - |
| Cap Rate | 3.6% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 87102 (Albuquerque, NM). Anonymous, moderated, never written by AI.
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Property managers serving Bernalillo County
Manage rentals here? List your business →Rhino Realty Property Management offers full-service property management and investment services for single-family homes, multifamily properties, condos, townhomes, and apartments in Albuquerque and R summary from their website
BottomLineManagement.com is a domain name available for sale. summary from their website
Deacon Property Services operates as a real estate agency. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $247,886 |
| Monthly Rent | $1,130 |
| Price-to-Rent | 18.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 Rent Trends
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 87102
Population: 20,258
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 87102
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 10,321 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the investability score for Albuquerque, NM?
Albuquerque, NM rates 3.0/5 for investability. With median values at $248K and rents near $1,130/mo, the market offers reasonable fundamentals for rental investors.
How viable is house hacking in Albuquerque, NM?
House hacking works a challenging in Albuquerque, NM. Rents of $1,130/mo against $248K acquisition make the strategy solid for owner-occupants.
How much rent can I charge in Albuquerque, NM?
The typical rental in Albuquerque, NM commands about $1,130/mo monthly. That rent profile reliable cash flow against the $248K purchase basis.
How much should I expect to pay for a home in Albuquerque, NM?
Median home price in Albuquerque, NM is near $248K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
How high is vacancy risk in Albuquerque, NM?
Albuquerque, NM vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 87102 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 87102 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 87102 ranks in Albuquerque, NM
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