Affordability evidence
Albuquerque, NM home values, income, and owner costs
A borrower-focused reading of the latest ACS value, income, and owner-cost evidence for Albuquerque, NM.
Source: U.S. Census Bureau
Last updated . Article facts reviewed through this date. Time-sensitive figures show their own as-of dates.
The published evidence provides the starting point: In Albuquerque, NM, the 2024 ACS reports a median owner-occupied home value of $291,500, median household income of $68,317, and median selected monthly owner costs of $1,604 for owners with a mortgage. In practical terms, together, those three reference points may help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $1,604 measure combines recurring ownership expenses rather than real estate taxes alone. For the decision at hand, a useful affordability review starts with $291,500, $68,317, and $1,604, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.
Albuquerque, NM's $291,500 median home-value estimate is above the statewide $248,100 estimate, with a reported city-to-state gap of 17.5%. In practical terms, that 17.5% gap is useful for showing that a statewide midpoint may be a poor substitute for a local search range in Albuquerque, NM.