Albuquerque, NM home prices
Typical home $348,674 · +1.5% in a year · income needed $99,100
The Albuquerque, NM metro area ranks 228 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +1.5% in a year and +28.2% over five years. With 20% down at 7.11%, the typical home costs about $2,312 a month including 0.9% property tax (Bernalillo County rate).
Mortgage on the typical Albuquerque home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $69,735 | $278,939 | $1,876 | $0 | $435 | $2,312 | $99,100 |
| 10% down | $34,867 | $313,806 | $2,111 | $131 | $435 | $2,677 | $114,700 |
| 5% down | $17,434 | $331,240 | $2,228 | $138 | $435 | $2,801 | $120,100 |
| 3.5% down (FHA) | $12,204 | $342,359 | $2,303 | $154 | $435 | $2,892 | $124,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.9% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Albuquerque area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Bernalillo County, NM | $347,674 | +1.7% | 0.9% |
| Sandoval County, NM | $373,280 | +0.6% | 0.73% |
| Valencia County, NM | $318,413 | +2.9% | 0.62% |
| Torrance County, NM | $217,224 | +6.0% | 0.45% |
What can you afford in New Mexico on your salary? · New Mexico home prices · Salaries in New Mexico
Frequently asked questions
How much is a house in Albuquerque?
The typical home in the Albuquerque, NM metro area is worth $348,674 (Zillow, September 2026).
What salary do you need to buy a house in Albuquerque?
About $99,100 a year for the typical home with 20% down at 7.11%.