Real Estate Investing in Albuquerque, New Mexico (87114)
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Should you buy in 87114 (Albuquerque, NM)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
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 (87114)?
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Market Analysis: 87114 Albuquerque
Investors eyeing 87114 need to respect the fundamentals at play. Home values of $379K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 87114 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
On the rental side, 87114 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.
A durable renter share of 32% in 87114 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Albuquerque's stable or hybrid ZIPs before stepping into 87114. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Albuquerque:
Property Strategy for 87114
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $279,343 | $1,660 | 4.3% | +9.3% | $139,672 |
| 3BR | $346,807 | $2,310 | 4.8% | +8.3% | $115,602 |
| 4BR | $405,683 | $2,720 | 4.8% | +7.6% | $101,421 |
| 5BR | $481,158 | — | — | +7.5% | $96,232 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 87114 Compare?
| Metric | 87114 | Albuquerque | Albuquerque, NM | New Mexico |
|---|---|---|---|---|
| Home Value | $378,535 | $141,103 | N/A | $308,799 |
| 5-Year CAGR | 5.5% | 5.9% | N/A | 7.3% |
| Avg Rent | $1,749 | $1,488 | N/A | - |
| Cap Rate | 3.6% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 87114 (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 | $378,535 |
| Monthly Rent | $1,749 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | -2.3% ▼ |
| 3-Year CAGR | +0.6% ▲ |
| 5-Year CAGR | +3.2% ▲ |
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 87114
Population: 70,064
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 87114
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 2,489 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors worry about vacancy in Albuquerque, NM?
Vacancy in Albuquerque, NM is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,749/mo.
Are homes affordable in Albuquerque, NM?
Albuquerque, NM home values average about $379K. That price point suits investors targeting rentals with $1,749/mo in monthly income.
What do rentals go for in Albuquerque, NM?
Average rent in Albuquerque, NM is approximately $1,749/mo per month. Against $379K home values that yields a reasonable rent-to-price ratio.
What investment strategy works best in Albuquerque, NM?
Most investors in Albuquerque, NM run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is real estate in Albuquerque, NM a good investment right now?
Albuquerque, NM rates 3.0/5 for investability. With median values at $379K and rents near $1,749/mo, the market offers reasonable fundamentals for rental investors.
You know 87114 now. You don’t know where it ranks.
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How 87114 ranks in Albuquerque, NM
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