Real Estate Investing in Albuquerque, New Mexico (87109)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 87109 (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 (87109)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 87109 Albuquerque
The 87109 ZIP covers a section of Albuquerque that demands careful diligence. Prices near $383K look accessible, but the work to make a deal cash flow is real.
On balance, the numbers look inviting — $383K purchase price, 0.0% nominal cap — the work to hit that pro forma in 87109 is substantial and deserves full respect.
Regionally, 87109 sits on the difficult end of the NM spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 87109 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 87109 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 87109
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $129,826 | $1,290 | 7.2% | +9.7% | $129,826 |
| 2BR | $289,842 | $1,590 | 3.9% | +8.8% | $144,921 |
| 3BR | $371,277 | $2,210 | 4.3% | +7.4% | $123,759 |
| 4BR | $466,668 | $2,610 | 4.0% | +6.9% | $116,667 |
| 5BR | $579,172 | — | — | +7.2% | $115,834 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 87109 Compare?
| Metric | 87109 | Albuquerque | Albuquerque, NM | New Mexico |
|---|---|---|---|---|
| Home Value | $382,878 | $141,103 | N/A | $308,799 |
| 5-Year CAGR | 5.4% | 5.9% | N/A | 7.3% |
| Avg Rent | $1,375 | $1,488 | N/A | - |
| Cap Rate | 2.8% | 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 87109 (Albuquerque, NM). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 87109 (Albuquerque, NM)?
~25 seconds · no account needed · your report is anonymous
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 | $382,878 |
| Monthly Rent | $1,375 |
| Price-to-Rent | 23.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 Rent Trends
| 1-Year | -1.0% ▼ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.8%). 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 87109
Population: 39,323
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 87109
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
CORRALES INTERNATIONAL
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 10,382 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much does a house cost in Albuquerque, NM?
Median home price in Albuquerque, NM is near $383K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
What kind of tenants rent in Albuquerque, NM?
The renter base in Albuquerque, NM is reasonable for the $1,375/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
What do rentals go for in Albuquerque, NM?
Albuquerque, NM rentals go for roughly $1,375/mo a month. That puts gross yield in solid territory relative to $383K acquisition costs.
Is Albuquerque, NM good for landlords?
Rental owners in Albuquerque, NM deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How does Albuquerque, NM rate as a rental market?
Our data puts Albuquerque, NM at 3.0/5 for investability. Home prices of $383K and rents around $1,375/mo create a solid backdrop for investor activity.
You know 87109 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 87109 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 87109 ranks in Albuquerque, NM
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 87109 (Albuquerque)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 87109 (Albuquerque, NM).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.