Real Estate Investing in Albuquerque, New Mexico (87120)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 87120 (Albuquerque, NM)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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 (87120)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 87120 Albuquerque
The 87120 ZIP covers a section of Albuquerque that demands careful diligence. Prices near $363K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 87120 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader NM picture, 87120 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A durable renter share of 21% in 87120 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Albuquerque:
Property Strategy for 87120
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $271,477 | $1,660 | 4.4% | +9.7% | $135,738 |
| 3BR | $334,417 | $2,310 | 5.0% | +8.6% | $111,472 |
| 4BR | $432,630 | $2,720 | 4.5% | +7.3% | $108,157 |
| 5BR | $511,050 | — | — | +7.3% | $102,210 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 87120 Compare?
| Metric | 87120 | Albuquerque | Albuquerque, NM | New Mexico |
|---|---|---|---|---|
| Home Value | $362,620 | $141,103 | N/A | $308,799 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 7.3% |
| Avg Rent | $1,690 | $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 87120 (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 | $362,620 |
| Monthly Rent | $1,690 |
| Price-to-Rent | 17.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 Rent Trends
| 1-Year | +1.2% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +5.2% ▲ |
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 87120
Population: 65,477
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 87120
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
What is the rental occupancy rate in Albuquerque, NM?
Vacancy risk in Albuquerque, NM is elevated. That supports even-keeled cash flow for typical rental holds.
Is it easy to find good tenants in Albuquerque, NM?
Albuquerque, NM draws a predictable base of working renters. Demand at the $1,690/mo rent level is reasonable for standard single-family and small multi rentals.
How does Albuquerque, NM rate as a rental market?
Yes - Albuquerque, NM a 3.0/5 investability score. With $363K home prices against $1,690/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is NM a landlord-friendly state?
Albuquerque, NM falls under NM landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What price range are homes in Albuquerque, NM?
Expect median prices around $363K in Albuquerque, NM. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
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How 87120 ranks in Albuquerque, NM
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