Real Estate Investing in Albuquerque, New Mexico (87122)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 87122 (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.
- High price-to-rent: Price-to-rent ratio 30.0 — hard to cash-flow at these prices.
What’s happening in Albuquerque, NM (87122)?
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Market Analysis: 87122 Albuquerque
Not every below-median market is a bargain. Albuquerque's 87122 ZIP shows signals that favor experienced operators who can absorb the risk $760K pricing implies.
For an experienced owner, 87122 can be a an appealing option for hunting ground — but the discount at $760K reflects genuine risk that outside investors often underestimate.
Stepping back, 87122 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.
Resident income in 87122 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Albuquerque's stable or hybrid ZIPs before stepping into 87122. 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 87122
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $418,070 | $2,200 | 3.8% | +7.0% | $209,035 |
| 3BR | $614,042 | $3,060 | 3.6% | +6.8% | $204,681 |
| 4BR | $828,848 | $3,600 | 3.1% | +7.1% | $207,212 |
| 5BR | $1,022,305 | — | — | +7.5% | $204,461 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 87122 Compare?
| Metric | 87122 | Albuquerque | Albuquerque, NM | New Mexico |
|---|---|---|---|---|
| Home Value | $760,017 | $141,103 | N/A | $308,799 |
| 5-Year CAGR | 5.2% | 5.9% | N/A | 7.3% |
| Avg Rent | $2,113 | $1,488 | N/A | - |
| Cap Rate | 2.2% | 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 87122 (Albuquerque, NM). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 87122 (Albuquerque, NM)?
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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 | $760,017 |
| Monthly Rent | $2,113 |
| Price-to-Rent | 30.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.2% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | -3.2% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.2%). 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 87122
Population: 18,776
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 87122
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 kind of vacancy should I budget for in Albuquerque, NM?
Albuquerque, NM carries elevated vacancy risk. Expect stable absorption at market rents of $2,113/mo.
Is it easy to find good tenants in Albuquerque, NM?
Working renters make up the core of the Albuquerque, NM tenant base. The pool is reasonable for investors targeting long-term holds.
Is Albuquerque in NM worth investing in?
The 3.0/5 investability rating in Albuquerque, NM reflects its $760K prices and $2,113/mo rents. Investors generally consider it a solid option within NM.
Does house hacking make sense in Albuquerque, NM?
The house hack math a challenging in Albuquerque, NM. Owner-occupant buyers benefit from the $2,113/mo rents and $760K home values.
What real estate strategy is ideal for Albuquerque, NM?
A careful cash-flow rentals with hands-on management strategy Albuquerque, NM best. The market produces steady results for that approach at the $760K price point.
You know 87122 now. You don’t know where it ranks.
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How 87122 ranks in Albuquerque, NM
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