Housing in 87108 Albuquerque, NM is relatively more expensive compared to the US median value, with the housing median value being $246,600. The appreciation of housing has also been higher in this area than on a national level, with house appreciation in 87108 Albuquerque, NM standing at 13.79% for the last year, compared to the 8.27% increase seen nationally. This suggests that there is a healthy demand for housing in this area and that it is likely to continue performing well in the future.
The median home cost in Albuquerque (zip 87108) is $246,600. Home appreciation the last 10 years has been 77.7%. Home Appreciation in Albuquerque (zip 87108) is up 17.1%.
Average Age of Homes
- The median age of Albuquerque (zip 87108) real estate is 52 years old
The Rental Market in Albuquerque (zip 87108)
- Renters make up 60.5% of the Albuquerque (zip 87108) population
- 4.9% of houses and apartments in Albuquerque (zip 87108), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.