Real Estate Investing in Albuquerque, New Mexico (87105)
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Should you buy in 87105 (Albuquerque, NM)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Albuquerque, NM (87105)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 87105 Albuquerque
The 87105 ZIP in Albuquerque, NM is a local-operator market. Outside capital chasing a $283K entry has to pair deep knowledge with the discount.
For an experienced owner, 87105 can be a a solid fit for hunting ground — but the discount at $283K reflects genuine risk that outside investors often underestimate.
On balance, 87105 offers a low basis, the region around Albuquerque has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 87105 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 87105 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Albuquerque:
Property Strategy for 87105
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $180,000 | $1,030 | 4.1% | +10.0% | $180,000 |
| 2BR | $227,600 | $1,270 | 4.0% | +10.9% | $113,800 |
| 3BR | $285,715 | $1,770 | 4.5% | +9.6% | $95,238 |
| 4BR | $359,539 | $2,080 | 4.2% | +8.9% | $89,885 |
| 5BR | $407,282 | — | — | +8.9% | $81,456 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 87105 Compare?
| Metric | 87105 | Albuquerque | Albuquerque, NM | New Mexico |
|---|---|---|---|---|
| Home Value | $283,203 | $141,103 | N/A | $308,799 |
| 5-Year CAGR | 7.3% | 5.9% | N/A | 7.3% |
| Avg Rent | $1,294 | $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 87105 (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 | $283,203 |
| Monthly Rent | $1,294 |
| Price-to-Rent | 18.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 Rent Trends
| 1-Year | -24.0% ▼ |
| 3-Year CAGR | N/A |
| 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 87105
Population: 54,215
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 87105
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
How much should I expect to pay for a home in Albuquerque, NM?
The median home value in Albuquerque, NM is roughly $283K. That puts it reasonable relative to the NM statewide average.
What kind of tenants rent in Albuquerque, NM?
The tenant pool in Albuquerque, NM is solid, supported by local employment and population fundamentals. Rents of $1,294/mo are well-absorbed by the market.
What monthly rent should investors expect in Albuquerque, NM?
Expect rents around $1,294/mo per month in Albuquerque, NM. With home values at $283K, the yield math works out to reasonable levels for rental investors.
What real estate strategy is ideal for Albuquerque, NM?
Investors usually favor careful cash-flow rentals with hands-on management in Albuquerque, NM. With home values at $283K and rents near $1,294/mo, other strategies can work but produce measured rather than outsized returns.
What is it like being a landlord in Albuquerque, NM?
Rental owners in Albuquerque, NM deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 87105 now. You don’t know where it ranks.
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How 87105 ranks in Albuquerque, NM
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