Market Overview
Home Prices in Albuquerque, NM
The median home value in Albuquerque, NM is $350,091 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.1% compared to a year ago and up 2.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Albuquerque are priced15% below average. Albuquerque is part of the Albuquerque, NM metro area.
Over the past five years, Albuquerque home values have risen by approximately32.1%, reflecting strong long-term appreciation in this market.
Price History
Albuquerque Home Price Trend
City Comparison
Albuquerque vs. National Median
At $350,091, homes in Albuquerque cost 15% below the national median of $410,000. This makes Albuquerque a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Albuquerque?
20% Down Payment
$70,018
on $350,091
Monthly P&I
$1,826/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,319/mo
incl. taxes & insurance
Income Needed
$92,760
gross annual (30% rule)
10% Down Option
$35,009
+ PMI applies
Loan Amount (20% dn)
$280,073
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Albuquerque, NM?
The median home value in Albuquerque is $350,091 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.1% year-over-year.
How much have home prices changed in Albuquerque?
Over the past year, home values in Albuquerque have increased by 1.1%. Over five years, prices have risen approximately 32.1%.
How much do I need to earn to buy a home in Albuquerque?
To comfortably afford the median home price of $350,091 with a 20% down payment ($70,018) at today's rates (6.8%), you'd need a gross annual income of approximately $92,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Albuquerque compare to the national average home price?
The national median home value is approximately $410,000. At $350,091, homes in Albuquerque are 15% below the national average.
What metro area is Albuquerque part of?
Albuquerque is part of the Albuquerque, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.