Real Estate Investing in Albuquerque, New Mexico (87113)
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Should you buy in 87113 (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 (87113)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 87113 Albuquerque
Investors eyeing 87113 need to respect the fundamentals at play. Home values of $429K come alongside slower price movement and elevated management overhead.
The 87113 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader NM picture, 87113 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 87113 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 87113 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 87113
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $208,069 | $1,650 | 5.7% | +8.5% | $208,069 |
| 2BR | $289,318 | $2,040 | 5.1% | +9.1% | $144,659 |
| 3BR | $409,160 | $2,840 | 5.0% | +7.4% | $136,387 |
| 4BR | $523,280 | $3,340 | 4.6% | +7.1% | $130,820 |
| 5BR | $652,847 | — | — | — | $130,569 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 87113 Compare?
| Metric | 87113 | Albuquerque | Albuquerque, NM | New Mexico |
|---|---|---|---|---|
| Home Value | $428,900 | $141,103 | N/A | $308,799 |
| 5-Year CAGR | 5.0% | 5.9% | N/A | 7.3% |
| Avg Rent | $2,039 | $1,488 | N/A | - |
| Cap Rate | 3.7% | 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 87113 (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 | $428,900 |
| Monthly Rent | $2,039 |
| Price-to-Rent | 17.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +1.5% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 Rent Trends
| 1-Year | -2.7% ▼ |
| 3-Year CAGR | +0.2% ▲ |
| 5-Year CAGR | +3.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.7%). 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 87113
Population: 16,369
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 87113
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
ACES TECHNICAL CHARTER SCHOOL
NEX GEN ACADEMY
DENNIS CHAVEZ ELEMENTARY
EDMUND G ROSS ELEMENTARY
ARROYO DEL OSO ELEMENTARY
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 2,489 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Albuquerque, NM a good market for buy-and-hold investors?
Investors tracking Albuquerque, NM will find a 3.0/5 rating supported by $429K median home values and $2,039/mo rents. That profile suits long-term holders targeting reliable returns.
What is the rental occupancy rate in Albuquerque, NM?
Albuquerque, NM vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What kind of tenants rent in Albuquerque, NM?
Tenant quality in Albuquerque, NM ranks as solid. Landlords generally report consistent occupancy at market rents of $2,039/mo.
Are eviction rules reasonable in Albuquerque, NM?
Albuquerque, NM falls under NM landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What do landlords charge for rent in Albuquerque, NM?
Expect rents around $2,039/mo per month in Albuquerque, NM. With home values at $429K, the yield math works out to reasonable levels for rental investors.
You know 87113 now. You don’t know where it ranks.
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How 87113 ranks in Albuquerque, NM
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