Albuquerque Housing Market: Home Prices & Rent
Albuquerque home values since 2000
Last few years
Rent in Albuquerque
Owning vs renting, monthly
Buying the typical Albuquerque home with 20% down at this week's 7.32% 30-year rate costs about $2,352/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,490/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
Albuquerque vs New Mexico vs the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| This metro | $349k | +1.5% | $1,490/mo |
| New Mexico | $316k | +1.7% | - |
| United States | $366k | +1.2% | $1,932/mo |
Get Albuquerque's housing report every month
Home prices, rent and what changed - one short email when the new data comes out. Free, unsubscribe any time.
Common questions
Are home prices falling in Albuquerque?
No - the typical Albuquerque-area home value is up 1.5% over the past 12 months, at $349k (September 2026).
Is the Albuquerque housing market crashing?
Home values are close to their 2020s high and up 1.5% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in Albuquerque?
Typical rent in the Albuquerque metro is $1,490 a month (September 2026), +1.3% over 12 months.
How much income do you need to buy a home in Albuquerque?
About $95k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).
Nearby and similar metros
Jacksonville, FL · Palm Bay, FL · Grand Rapids, MI · Chicago, IL
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Albuquerque, NM metro area. How we calculate.