The story of this market
The typical home in Bernalillo County, New Mexico sells for about $364,407, or $215 per square foot.
Prices are up +2.7% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. Over the long run, values in this county have grown 141% since 2000. Last year 99 of 155 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is winter weather, which FEMA rates relatively high. HUD's fair market rent for a two-bedroom is $1,384 a month.
HUD sets the fair market rent for a 2-bedroom at $1,384 a month. FEMA's National Risk Index rates overall hazard risk here as Very Low.
Price climate
Every year of price change, 2000–2025
+0.6%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+15.5%). Worst: 2009 (-5.9%). Hover to read a year.
Monthly price momentum
Home values since 2015
+3.3%
NM · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,902
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+0.6%
2025 change
FHFA repeat-sales index, median of 155 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
23
Very Low
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $153,902,069.
Mortgage activity
Home lending in this county
75.7%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 29254 | 15284 | 75.7% | 5.3% | $205,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Bernalillo County, New Mexico
Bernalillo County maintains a steady, balanced-to-competitive residential market characterized by modest price growth of 2.7% year-over-year and tight active supply of roughly 2.0 months. Demand remains supported by steady employment at national defense installations and regional healthcare centers, keeping the median sale-to-list ratio near 99.0%. With properties moving in about 32 days, market conditions exhibit resilience despite higher borrowing costs.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 3 cities · 24 ZIP reports
Median prices moved up 2.8% year over year.
Homes spend a median of 48 days on market with 0.1 months of supply — a fast-moving market.
7% of listings have cut prices · homes sell at 3.91% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.4% · poverty 13.7% — a stable, low-distress profile.
Owned and leased federal assets with active or excess status, per the General Services Administration's Real Estate Across the United States inventory (read 2026-09-25). A federal footprint read on this county — not a market valuation, and never an attribute of any individual property or tenant.
Deterministic aggregate of 25 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Bernalillo County, New Mexico — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Each property observation weighs one in its ZIP's deterministic roll-up — property-level records (taxes, scores, permits) never roll individually. Latest property research run Sep 20, 2026.
researched Sep 29
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| 87008 | Cedar Crest | $392,000 | $208 | — | — | — | — | — | — | $1,384 | researched Sep 29 |
| 87022 | Isleta | — | — | — | — | — | — | — | — | — | researched Sep 29 |
| 87047 | Sandia Park | $609,819 | $244 | +25.7% | 42 | 98.5% | 18% | 3.2 | 36 | $1,246 | researched Sep 29 |
| 87048 | Corrales | $707,350 | $235 | +2.1% | 28 | 98.2% | 12% | 4.5 | 36 | $1,450 | researched Sep 29 |
| 87051 | San Rafael | $549,000 | $248 | +2.4% | 42 | 97.5% | 18% | 6.2 | 38 | $2,150 | researched Sep 29 |
| 87059 | Tijeras | $525,000 | $228 | +22.1% | 50 | 98.5% | 12% | 3.2 | 42 | $2,100 | researched Sep 29 |
| 87102 | Albuquerque | $174,400 | $155 | +2.8% | 31 | — | — | — | 187 | $1,100 | researched Sep 29 |
| 87104 | Albuquerque | $418,876 | $267 | -9.2% | 36 | — | — | 2 | 73 | $1,384 | researched Sep 29 |
| 87105 | Albuquerque | $386,000 | $215 | +4.3% | 15 | 98.9% | 18% | 2.4 | 136 | $1,252 | researched Sep 29 |
| 87106 | Albuquerque | $427,000 | $245 | +4.3% | 179 | 98.9% | 18.5% | 4.2 | 123 | $1,555 | researched Sep 29 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Bernalillo County experiences property and violent crime rates that track above state and national medians, heavily influenced by Albuquerque municipal incident concentrations, though recent law-enforcement initiatives have targeted auto theft and repeat property offenses.
Public education across the county is predominantly delivered by Albuquerque Public Schools (APS), which exhibits substantial variance ranging from top-rated elementary and magnet institutions in the Northeast Heights to underperforming schools in the South Valley and West Mesa.
Primary hazard risks include low-to-moderate flash flooding in arroyos and valley lowlands during the summer monsoon season, alongside wildfire risk in the Sandia and Manzano foothills and elevated wind/dust exposure.
Economic expansion is anchored by federal research and defense facilities, including Sandia National Laboratories and Kirtland Air Force Base, alongside regional healthcare networks and growing logistics activity along the I-25 and I-40 corridors.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. Federal (United States (federal)) — Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) Superfund Liens: Establishes a statutory federal lien upon the parcel running in favor of the United States for all unrecovered cleanup costs, damages, and statutory interest incurred by the EPA. Rate and formula: Direct Dollar-for-Dollar Reimbursement (Lien Amount = Incurred Response Costs + Administrative Costs + Federal (United States (federal)) — Foreign Investment in Real Property Tax Act (FIRPTA) Withholding: Imposes an affirmative withholding tax obligation on the transferee (buyer) to withhold and remit tax on the gross amount realized (gross sales price). The statutory base withholding rate is 15% of the total purchase price (Formula: Tax = Amount Realized × 15%). Exemptions and reductions: (1) 0% wit Federal (United States (federal)) — Federal General Tax Lien Encumbrance: Under IRC § 6321, a statutory lien arises automatically as of the date of assessment and attaches to all real property owned or acquired by the taxpayer.
Bernalillo County maintains a stable rental market with median rents around $1,400 monthly, supported by strong institutional renter demand near the University of New Mexico and downtown Albuquerque.
The local economy is heavily underpinned by government, aerospace, national security, healthcare, and high-tech manufacturing, led by Sandia National Labs, Kirtland AFB, UNM Hospital, and Presbyterian Healthcare Services.
Interstate 25 and Interstate 40 intersect in Albuquerque at the Big I, serving as primary regional transit spines complemented by the New Mexico Rail Runner Express commuter train connecting to Santa Fe.
Development efforts center on infill revitalization in central Albuquerque alongside large-scale industrial and residential build-outs on the West Mesa and Mesa del Sol.
The Bernalillo County Assessor's Office assesses real property annually at a one-third valuation ratio (33.33%) and enforces New Mexico's 3% statutory annual assessment limitation on residential properties.
Parcels are subject to tax levies from jurisdictions including Bernalillo County, City of Albuquerque or local village rates, Albuquerque Public Schools, Central New Mexico Community College, and the Middle Rio Grande Conservancy District.
Property insurance rates have seen upward pressure driven by wildfire risk in eastern foothills, monsoon storm hail/wind events, and national reinsurance rate increases, though catastrophic exposures remain moderate compared to coastal regions.
- Urban Air Trampoline and Adventure Park47.5 mi
- Cliff's Amusement Park4.39 mi
- Hinkle Fun Center4.49.1 mi
- Round1 Bowling & Arcade - Albuquerque4.26.8 mi
- Electric Playhouse4.27.7 mi
- Sandia Resort & Casino4.213.5 mi
- Isleta Amphitheater4.41.3 mi
- Rio Rancho Events Center4.320.4 mi
- Albuquerque Convention Center4.34.9 mi
- RGCU Field at Isotopes Park4.73.6 mi
- Sandia Peak Tramway4.714.6 mi
- ABQ BioPark Zoo4.54.5 mi
- Cinemark Century Rio Plex 24 and XD4.58.7 mi
- ABQ BioPark Aquarium4.65.9 mi
- Explora Science Center and Children's Museum of Albuquerque4.85.8 mi
- Sandia Peak Tramway4.714.6 mi
- Petroglyph National Monument4.610.1 mi
- ABQ BioPark - Botanic Garden4.76 mi
- Old Town Plaza4.65.9 mi
- North Domingo Baca Park4.711.8 mi
- Sandia Resort & Casino4.213.5 mi
- Topgolf Albuquerque4.47.9 mi
- Ladera Golf Course4.28.5 mi
- Arroyo Del Oso Golf Course4.49.1 mi
- Paradise Hills Golf Course4.312.8 mi
- Cottonwood Mall4.212.6 mi
- Coronado Center4.36.9 mi
- El Super4.15.8 mi
- Albuquerque International Sunport4.41.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
World's third-longest single-span tramway offering access to Sandia Crest hiking, skiing, and panoramic views of the Rio Grande Valley.
A 16-mile multi-use paved trail running north to south through Albuquerque's cottonwood bosque along the Rio Grande.
Protected volcanic basalt escarpment featuring over 24,000 prehistoric images carved by Ancestral Puebloans and early Spanish settlers.
Historic heart of Albuquerque founded in 1706, featuring historic adobe buildings, craft shops, restaurants, and San Felipe de Neri Church.
Retrieved from U.S. Census Bureau QuickFacts and ACS 5-year County profile tables for Bernalillo County, NM.
applies when — Applies to residential parcels governed by a Homeowner Association (HOA) as defined by state statute.
Parcels are subject to the declaration, bylaws, and rules of the association, including the obligation to pay common expense assessments and potential liens for unpaid assessments.
NMSA 1978 § 47-16-1 et seq.
applies when — Applies to the resale of a unit within a condominium association.
The unit owner must furnish the purchaser with a resale certificate containing the declaration, bylaws, rules, and a statement of monthly common expense assessments, unpaid assessments, and other fees. The purchaser is not liable for unpaid assessments exceeding the amount disclosed in the certificate.
NMSA 1978 § 47-7D-9.
Tax is calculated by applying a tax rate (expressed in mills) to the net taxable value. The net taxable value is defined as one-third (33.33%) of the taxable value of the property. The taxable value is generally the market value, subject to statutory limitations on annual valuation increases for residential property. The total tax obligation is the product of the net taxable value and the sum of applicable local and state mill levies.
NMSA 1978 § 7-36-21.2; Property Tax Facts 2021, New Mexico Department of Finance and Administration.
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.