Real Estate Investing in Albuquerque, New Mexico (87108)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 87108 (Albuquerque, NM)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.3% vacancy may signal weakening demand.
- Elevated poverty: 28.5% poverty rate — can affect rent collection.
- Lower household income: $34,016 median — tenant affordability is tighter.
What’s happening in Albuquerque, NM (87108)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 87108 Albuquerque
Investors eyeing 87108 need to respect the fundamentals at play. Home values of $287K come alongside slower price movement and elevated management overhead.
The investment case in 87108 is healthy only for operators who understand what they are buying. A $287K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
From a cash-flow lens, 87108 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.
Demographically, 87108 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 87108 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 87108
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $160,130 | $1,000 | 4.5% | +7.5% | $160,130 |
| 2BR | $243,403 | $1,230 | 3.6% | +9.3% | $121,702 |
| 3BR | $297,430 | $1,710 | 4.1% | +8.1% | $99,143 |
| 4BR | $374,282 | $2,020 | 3.9% | +7.3% | $93,570 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 87108 Compare?
| Metric | 87108 | Albuquerque | Albuquerque, NM | New Mexico |
|---|---|---|---|---|
| Home Value | $286,967 | $141,103 | N/A | $308,799 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 7.3% |
| Avg Rent | $1,009 | $1,488 | N/A | - |
| Cap Rate | 2.7% | 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 87108 (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 | $286,967 |
| Monthly Rent | $1,009 |
| Price-to-Rent | 23.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +1.7% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | +1.1% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +6.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). 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 87108
Population: 35,985
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 87108
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
How does Albuquerque, NM stack up for property investment?
Yes - Albuquerque, NM a 3.0/5 investability score. With $287K home prices against $1,009/mo monthly rent, the market delivers a reasonable entry point for new investors.
What do rentals go for in Albuquerque, NM?
Rental rates in Albuquerque, NM average $1,009/mo. Tenant demand and $287K home values make the yield look reasonable by investor standards.
How strong is the working-renter base in Albuquerque, NM?
The renter base in Albuquerque, NM is reasonable for the $1,009/mo price point. Screening well and pricing to market typically yields predictable tenants.
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 $1,009/mo.
What is the best play in Albuquerque, NM?
For Albuquerque, NM, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 87108 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 87108 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 87108 ranks in Albuquerque, NM
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