Bernalillo County
New Mexico · Pop. 679,121
Ranked #79 of 200 counties
46Moderate
Median Home Price
🏠$280K
4.0% YoY
Median Rent
🔑$1,200
Median Income
💰$52K
Rent Burden
📊31.0%
% of income to rent
Housing Shortage
🏗️6,000
estimated unit deficit
Building Permits (2024)
📋3,200
Price-to-Income Ratio
⚖️5.4x
Homeownership Rate
🏡60.0%
How Bernalillo County Compares
| Metric | Bernalillo County | New Mexico | National |
|---|---|---|---|
| Home Price | $280K | $256K | $410K |
| Rent | $1,200 | $1,084 | $1,500 |
| Income | $52K | $62K | $75K |
| Rent Burden | 31.0% | 30.0% | 30.0% |
| Homeownership | 60.0% | 69.0% | 65.0% |
Key Takeaways
- • Home prices are 32% below the national average.
- • Rent is 20% below the national average.
- • The county has an estimated housing shortage of 6,000 units.
- • 3,200 building permits were issued in 2024.
- • Year-over-year home prices changed by 4.0%.