Real Estate Investing in Albuquerque, New Mexico (87111)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 87111 (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 (87111)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 87111 Albuquerque
On balance, ZIP 87111 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $425K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 87111 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 87111 among NM's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 87111 includes headwinds that any investor should price in. Income distribution skews lower than Albuquerque averages, and tenant stability requires active management.
Strategy in 87111 is an operator game, not a passive one. Turning to rents, entry prices of $425K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Albuquerque:
Property Strategy for 87111
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $303,885 | $1,840 | 4.4% | +8.4% | $151,943 |
| 3BR | $392,129 | $2,560 | 4.7% | +7.2% | $130,710 |
| 4BR | $524,360 | $3,010 | 4.1% | +7.0% | $131,090 |
| 5BR | $716,127 | — | — | +7.4% | $143,225 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 87111 Compare?
| Metric | 87111 | Albuquerque | Albuquerque, NM | New Mexico |
|---|---|---|---|---|
| Home Value | $424,959 | $141,103 | N/A | $308,799 |
| 5-Year CAGR | 5.3% | 5.9% | N/A | 7.3% |
| Avg Rent | $1,497 | $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 87111 (Albuquerque, NM). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 87111 (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 | $424,959 |
| Monthly Rent | $1,497 |
| Price-to-Rent | 23.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 Rent Trends
| 1-Year | -6.7% ▼ |
| 3-Year CAGR | -0.3% ▼ |
| 5-Year CAGR | +3.0% ▲ |
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 87111
Population: 57,219
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 87111
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 10,382 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Albuquerque, NM a good place for real estate investing?
The 3.0/5 investability rating in Albuquerque, NM reflects its $425K prices and $1,497/mo rents. Investors generally consider it a solid option within NM.
How much is rent in Albuquerque, NM?
Average rent in Albuquerque, NM is approximately $1,497/mo per month. Against $425K home values that yields a reasonable rent-to-price ratio.
How expensive is real estate in Albuquerque, NM?
Homes in Albuquerque, NM typically sell near $425K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
Do landlords face vacancy issues in Albuquerque, NM?
Albuquerque, NM vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How landlord-friendly is Albuquerque, NM?
NM law landlord-friendly for landlords, and Albuquerque inherits those rules. Investors should still review local ordinances for rental licensing.
You know 87111 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 87111 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 87111 ranks in Albuquerque, NM
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 87111 (Albuquerque)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 87111 (Albuquerque, NM).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.