Albuquerque, NM Real Estate

According to census data in the year 2000 there were 198,714 housing units in Albuquerque. This represents a 19.1% growth from 166,870 in 1990.

Of those housing units, 198,644 were located in either urbanized areas or urban clusters, and 70 were located in what is classified as a rural area.

Homeownership rate in Albuquerque is about 60.4%. Albuquerque's vacancy rate, including seasonal lodging, is about 7.7%. Average household size is 2.4 people.

The majority of houses, apartments or condos in Albuquerque were built after 1975.


Housing Size

Housing Units by Size
Studio Type4.40%
One Bedroom17%
Two Bedrooms26.80%
Three Bedrooms37.20%
Four Bedrooms13.10%
Five Bedrooms or more1.50%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.57
Median year structure was built1975
Median Value of occupied units$127,600
Median Price asked for vacant units$118,500

Rented Homes, Apartments and Condos

Average Household Size2.13
Median year structure was built1975
Median Monthly Rent asked for vacant units$485

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage8.60%
Home Equity Loan6.70%
Simple Mortgage59.50%
Debt Free24.90%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs20.1%