Albuquerque
New Mexico · Ranked #300 of 373 metros
50Moderate
💡
Housing in Albuquerque costs 4.39× the median income, below the national average of 4.5×. The median home price is $297K and median rent is $1,203/month. Albuquerque ranks #300 of 373 metros for affordability.
Median Home Price
🏠$297K
Need $89K income
Median Rent
🔑$1,203
Need $46K income
Housing Shortage
📉18,000
units needed
Building Permits
🔨2,876
annual
Median Income
💰$68K
Pop: 916,877
Rent Burden
⚠️32.0%
of renters paying >30%
Price Change (YoY)
📈+4%
Homeownership
🏡68.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Albuquerque | National |
|---|---|---|
| Price-to-Income Ratio | 4.39x | 6.1x |
| Rent Burden | 32.0% | 31.5% |
| Homeownership Rate | 68.0% | 65.5% |
| YoY Price Change | +4% | +3.5% |
| YoY Rent Change | +3% | +2.8% |
| Mortgage Denial Rate | 15.0% | 13.5% |
| Eviction Rate | 4.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +64.8%Since 2000: +176.4%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,009/mo
1 Bedroom$1,185/mo
2 Bedroom$1,464/mo
3 Bedroom$2,036/mo
4 Bedroom$2,399/mo
Zillow Market Data
Home Value (ZHVI)
$342K
1yr: +0.9%5yr: +40.6%
Rent (ZORI)
$1,503/mo
1yr: +0.6%5yr: +37.6%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.