There are currently 190,150 real estate properties in Albuquerque, NM, with a median automated valuation model (AVM) price of $269,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Albuquerque, NM, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Albuquerque, NM, is $298,073.00, with the most expensive house in Albuquerque, NM, topping out at $7,352,900.00 and the cheapest home in Albuquerque, NM, clocking in at $38,300.00. In other words, there’s something for every potential homebuyer or savvy investor in Albuquerque, NM!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Albuquerque, NM, is on a rollercoaster ride. The average rent price in Albuquerque, NM, is $1,374.00. Indeed, when looking to rent in Albuquerque, NM, you can expect to pay as little as $460.00 or as much as $4,900.00, with the average rent median estimated to be $1,320.00. The good news is that finding an affordable and desirable property to rent in Albuquerque, NM -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Albuquerque, NM area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Albuquerque, NM and much more. Save thousands at closing with home foreclosure listings in Albuquerque, NM — up to 75% off market value!
Albuquerque is located in Bernalillo, New Mexico, with an estimated municipal population of 560,513 residents. All of the best foreclosed homes for sale in Albuquerque are located in the following zip code areas on Foreclosure.com: 87121 87120 87123 87112 87113 87110 87111 87116 87114 87109 87108 87102 87105 87104 87107 87106 87119 87125 87131 87151 87153 87154 87158 87181 87184 87187 87190 87191 87192 87194 87196 87197 87198 87199. The estimated population per square kilometer (.62 miles) in Albuquerque is 1,155.
So, about how much do homes cost in Albuquerque? The most recent median value of resident-owned homes in Albuquerque is 198,035. An estimated 59.7 percent of households in Albuquerque own their homes, with an average family size of 3.23. The median household income in Albuquerque is 52,911, with22.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Albuquerque, the median commute time of resident workers (in minutes) is 21.8. And last, but certainly not least, are you looking for homes to rent in Albuquerque? If so, the average rent price paid by renters in Albuquerque is 873, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Albuquerque, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Albuquerque is 36.6, split between 48.7 percent male versus 51.3 female. The percentage of residents who report being married in Albuquerque is 40.8, with an average family size of 3.23.
The percentage of residents who report their race in Albuquerque is as follows:
|Black / African American||3.3%|
|American Indian / Alaskan Native||4.7%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near Albuquerque? Or maybe you are searching for 55+ active adult communities in and/or near Albuquerque?
The percentage of residents who report their age in Albuquerque is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Albuquerque with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Albuquerque.
How do you know that living in -- or moving to -- Albuquerque is right where you need to be? Perhaps you grew up in Albuquerque or already live nearby; therefore, the decision to buy a home in Albuquerque is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Albuquerque for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Albuquerque:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Albuquerque.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Albuquerque can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Albuquerque, meanwhile, can field multiple offers from more qualified buyers.
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