Albuquerque properties

albuquerque properties

What is the median home value in Albuquerque NM?

The median home value in Albuquerque is $202,200 on Zillow. Albuquerque home values have gone up 5.4% over the past year and Zillows Albuquerque real estate market prediction is that the prices will rise 2.7% in 2020. The median list price per square foot in Albuquerque is $152, which is higher than the Albuquerque Metro average of $143.

What is the real estate market like in Albuquerque?

While roughly half a million people live in Albuquerque itself, the Albuquerque housing market is much larger than this. Take the suburbs into account, and the Albuquerque real estate market is home to almost a million people. This makes it the largest real estate market in the state of New Mexico.

Is Albuquerque a good place to live in New Mexico?

Albuquerque is the biggest city in New Mexico, home to around half a million people. Yet it is overshadowed by the state capital Santa Fe. It lacks the mystique of Roswell or Clovis. Yet the Albuquerque housing market has several points in its favor which we shall discuss with you in detail.

Should you invest in Albuquerque real estate investment properties?

One reason to consider buying Albuquerque real estate investment properties is the large population of renters created by Kirtland Air Force Base. Military personnel is likely to be renters since they shouldn’t buy property when they’re nearly certain to move in a few years.

What is the median price of a house in Albuquerque?

The trend for median days on market in Albuquerque, NM is flat since last month, and slightly down since last year. There are 206 neighborhoods in Albuquerque. High Desert has a median listing home price of $560K, making it the most expensive neighborhood in Albuquerque.

How competitive is the housing market in Albuquerque?

The Albuquerque housing market is somewhat competitive. Homes in Albuquerque receive 3 offers on average and sell in around 18 days. The average sale price of a home in Albuquerque was $291K last month, up 16.4% since last year. The average sale price per square foot in Albuquerque is $170, up 17.2% since last year.

What are the most expensive neighborhoods in Albuquerque?

High Desert has a median listing home price of $560K, making it the most expensive neighborhood in Albuquerque. South San Pedro is the most affordable neighborhood in Albuquerque, with a median listing home price of $170K.

Should you buy or rent a home in Albuquerque New Mexico?

Consider buying or renting a home in one of these popular neighborhoods. Albuquerque is a city in New Mexico and consists of 208 neighborhoods. There are 2,185 homes for sale, ranging from $6.5K to $7.5M. The median listing home price in Albuquerque, NM was $295K in September 2021, trending up 13.5% year-over-year.

What is the cost of living in Albuquerque New Mexico?

Compared to the rest of the country, Albuquerques cost of living is 8.9% lower than the U.S. average. More Cost of Living or Compare Albuquerques Cost of Living

Is Albuquerque a good city to live in?

If you don’t like walking, stay away from the yellow zones when looking for neighborhoods to live in. Good thing for you Albuquerque doesn’t have any red zones! Albuquerque is also a great city for commuting by bicycle. With a score of 62, biking has the highest transit rating in the city.

What is it like to live in New Mexico?

There are over 70 different ethnicities that call New Mexico home. You’ll find Middle Eastern, Asian, Native American, and a buffet of many other cultures all wrapped up into one when you start living in Albuquerque. It creates a vibrant mixture in the southwest that is charming and vibrant.

How many people live in New Mexico right now?

There are about 2 million people who are living in New Mexico right now. About 25% of the entire population lives in Albuquerque. That means you’ll have access to a housing market that sees some movement in a state where there isn’t much demand.

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