Market Overview
Home Prices in Bernalillo, NM
The median home value in Bernalillo, NM is $349,740 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.2% compared to a year ago and up 2.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Bernalillo are priced15% below average. Bernalillo is part of the Albuquerque, NM metro area.
Over the past five years, Bernalillo home values have risen by approximately27.3%, reflecting strong long-term appreciation in this market.
Price History
Bernalillo Home Price Trend
City Comparison
Bernalillo vs. National Median
At $349,740, homes in Bernalillo cost 15% below the national median of $410,000. This makes Bernalillo a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Bernalillo?
20% Down Payment
$69,948
on $349,740
Monthly P&I
$1,824/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,316/mo
incl. taxes & insurance
Income Needed
$92,640
gross annual (30% rule)
10% Down Option
$34,974
+ PMI applies
Loan Amount (20% dn)
$279,792
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 Bernalillo, NM?
The median home value in Bernalillo is $349,740 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.2% year-over-year.
How much have home prices changed in Bernalillo?
Over the past year, home values in Bernalillo have increased by 1.2%. Over five years, prices have risen approximately 27.3%.
How much do I need to earn to buy a home in Bernalillo?
To comfortably afford the median home price of $349,740 with a 20% down payment ($69,948) at today's rates (6.8%), you'd need a gross annual income of approximately $92,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Bernalillo compare to the national average home price?
The national median home value is approximately $410,000. At $349,740, homes in Bernalillo are 15% below the national average.
What metro area is Bernalillo part of?
Bernalillo is part of the Albuquerque, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.