US5.com
  1. Home
  2. States
  3. New Mexico
  4. ZIP 87108
  5. Housing & Real Estate
Albuquerque city, NM

ZIP 87108 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 87108

Median Home Value
$227,600
Median Rent
$755
Affordability Snapshot
$63,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,462/mo PITI).

23%
Rent-to-Income Ratio

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

5.8x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

25.1 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 87108 in Albuquerque city, NM, a household would need roughly $63,000 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 $1,462. That is about 59% above the local median household income ($39,578), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
37.8%-42% vs US avg
x
Vacancy Rate
9.5%-8% vs US avg
x
Broadband Access
83.3%-4% vs US avg
x
4+ Bedrooms
0.7%-95% vs US avg
x
Built Pre-1939
12.9%+0% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
28.6%-42% vs US avg
x
Mortgage-Free
42.4%+11% vs US avg
x
$227,600
Home Value
$755
Rent
1962
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

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

  • 1-unit detached40.2%
  • 1-unit attached4.4%
  • 2-9 units25.7%
  • 10+ units27.1%
  • Mobile home & other2.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$227,600
Median rent$755
Owner-occupied37.8%
Vacant9.5%
Price-to-income5.8x
Est. income to buy$63,000