Real Estate Investing in Albuquerque, New Mexico (87110)
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Should you buy in 87110 (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 (87110)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 87110 Albuquerque
Not every below-median market is a bargain. Albuquerque's 87110 ZIP sits at signals that favor experienced operators who can absorb the risk $324K pricing implies.
For an experienced owner, 87110 can be a a solid fit for hunting ground — but the discount at $324K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 87110 among NM's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 87110 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 87110 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 87110
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $247,036 | $1,560 | 4.5% | +9.5% | $123,518 |
| 3BR | $317,658 | $2,170 | 4.9% | +8.3% | $105,886 |
| 4BR | $390,378 | $2,560 | 4.7% | +7.7% | $97,594 |
| 5BR | $460,712 | — | — | +7.5% | $92,142 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 87110 Compare?
| Metric | 87110 | Albuquerque | Albuquerque, NM | New Mexico |
|---|---|---|---|---|
| Home Value | $323,877 | $141,103 | N/A | $308,799 |
| 5-Year CAGR | 6.2% | 5.9% | N/A | 7.3% |
| Avg Rent | $1,509 | $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 87110 (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 | $323,877 |
| Monthly Rent | $1,509 |
| Price-to-Rent | 17.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | +11.6% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | +8.5% ▲ |
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 87110
Population: 40,142
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 87110
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
Does Albuquerque, NM make sense for an investment property?
The 3.0/5 investability rating in Albuquerque, NM reflects its $324K prices and $1,509/mo rents. Investors generally consider it a solid option within NM.
Where do rents currently stand in Albuquerque, NM?
Investors in Albuquerque, NM typically see rents near $1,509/mo per month against $324K home values - a solid setup for rental cash flow.
What are vacancy rates like in Albuquerque, NM?
Vacancy in Albuquerque, NM is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,509/mo.
How should investors approach Albuquerque, NM?
In Albuquerque, NM the resilient play is typically careful cash-flow rentals with hands-on management. The combination of $324K prices and $1,509/mo rents suits that approach.
Are homes affordable in Albuquerque, NM?
Albuquerque, NM median home values land near $324K. That is reasonable territory for investors looking at $1,509/mo-per-month rentals.
You know 87110 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 87110 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 87110 ranks in Albuquerque, NM
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