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Albuquerque city, NM

ZIP 87120 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 87120

Median Home Value
$276,900
Median Rent
$1,212
Affordability Snapshot
$76,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,779/mo PITI).

17%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.3x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

19.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 87120 in Albuquerque city, NM, a household would need roughly $76,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,779. That sits below the local median household income ($84,887), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
79.5%+22% vs US avg
x
Vacancy Rate
4.5%-56% vs US avg
x
Broadband Access
92.2%+6% vs US avg
x
4+ Bedrooms
3.2%-78% vs US avg
x
Built Pre-1939
0.1%-99% vs US avg
x
Built Post-2014
2.5%-64% vs US avg
x
Rent Burden >30%
23.4%-53% vs US avg
x
Mortgage-Free
28.4%-26% vs US avg
x
$276,900
Home Value
$1,212
Rent
1995
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached78.6%
  • 1-unit attached9.5%
  • 2-9 units4.8%
  • 10+ units5.7%
  • Mobile home & other1.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$276,900
Median rent$1,212
Owner-occupied79.5%
Vacant4.5%
Price-to-income3.3x
Est. income to buy$76,000