The story of this market
The typical home in ZIP 87063 sells for about $245,000, or $168 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,350 a month.
ZIP 87063 — Willard
The housing market in 87063 remains stable with modest price appreciation and balanced inventory levels. Demand is driven by local buyers seeking affordability, though rising interest rates have tempered overall transaction volume. Figures for specific metrics like months of supply and active listings are based on current local market tracking.
This ZIP is well-suited for budget-conscious family buyers and commuters seeking more space than is available in the city center. It offers a suburban lifestyle with reasonable access to regional employment hubs.
Median prices moved up 2.1% year over year.
Homes spend a median of 42 days on market with 4.8 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 14.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 87063, Bernalillo County, NM
Crime rates in this area are generally consistent with regional averages for the Albuquerque periphery, with property crime being the primary concern. Local law enforcement reports stable trends over the last year.
Schools serving this ZIP are part of the Albuquerque Public Schools district, generally receiving mixed performance ratings. Families often look toward magnet or charter options for higher-rated academic environments.
The area faces moderate risk from high winds and occasional flash flooding during monsoon season. Property insurance premiums are rising in line with statewide trends due to increased wildfire and wind-related claims.
Economic momentum is driven by proximity to Albuquerque's logistics and manufacturing hubs. Development is currently focused on infill residential projects and small-scale commercial expansion along major transit corridors.
Property taxes are assessed by the county based on the property's taxable value, with rates determined by local millage levies. Exemptions are available for primary residences and seniors, consistent with New Mexico state law.
Commuters primarily rely on I-25 or I-40 to reach the Albuquerque employment core, with average drive times ranging from 25 to 35 minutes. Public transit options are limited, making personal vehicle ownership essential.
Residents have access to local community parks and nearby open space trails suitable for hiking and biking. Shopping and dining options are concentrated in neighborhood centers within a 3-mile radius.
The rental market is characterized by stable demand and low vacancy rates, with rents showing modest annual growth. There is a limited presence of short-term rentals compared to the urban core.
The local economy is anchored by the broader Albuquerque labor market, with significant employment in healthcare, government, and logistics. The area serves as a residential base for workers in these sectors.
The area is served by major highway corridors including I-25 and I-40, facilitating regional travel. Public transit infrastructure is primarily bus-based with limited frequency.
Development is focused on small-scale residential infill and the expansion of neighborhood-serving retail. No major regional infrastructure projects are currently slated for this specific ZIP.
The Bernalillo County Assessor's office manages property valuations, utilizing a mass appraisal system to determine taxable values annually.
Parcels in this ZIP are subject to standard municipal and county tax levies, with no major MUD or PID districts reported.
Property insurance remains available but is subject to rising premiums due to regional wildfire and wind risk factors.
New Mexico continues to see modest net domestic migration, with the Albuquerque metro area attracting residents from neighboring states.
New Mexico is a judicial foreclosure state, requiring court intervention for the foreclosure process, which typically extends the timeline for lenders.
Sellers are required to provide a comprehensive property disclosure statement covering known material defects at the time of listing.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides local green space and recreational facilities for residents.
Offers extensive trails and river access within a short drive.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.