Median home value is about $254,400 — about 27% below the U.S. median home value ($348,079).
Housing tenure and rents show median gross rent around $930 (about 20% below the U.S. median rent ($1,163)), and owner-occupancy near 62.5% (about 2.9 points below the national owner-occupancy rate (65.4%)).
To comfortably buy a median-priced home in ZIP 87112 in Albuquerque, NM, a household would need roughly $70,000 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 $1,634. That is roughly in line with the local median household income ($69,610). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.