Albuquerque market pulse
Real public data for Albuquerque's ZIP codes, updated as the agencies publish.
Metro prices
-1.7%
in 1 year · Albuquerque metro · 2025 Q2–2026 Q2
Past change, not a forecast.
Data table
| Quarter | Index | Change since 2025 Q2 |
|---|---|---|
| 2025 Q2 | 416.4 | — |
| 2025 Q3 | 404.8 | -2.8% |
| 2025 Q4 | 399.6 | -4.0% |
| 2026 Q1 | 409.5 | -1.7% |
| 2026 Q2 | 409.3 | -1.7% |
Each index has its own base, so compare its changes, not its level.
Details
FHFA's purchase-only index for Albuquerque, NM: repeat sales of the same houses, from mortgages Fannie Mae and Freddie Mac purchased or securitized. It isn't seasonally adjusted, so each span starts in the quarter it ends.
+34%
in 5 years · Albuquerque metro · 2021 Q2–2026 Q2
Past change, not a forecast.
Data table
| Quarter | Index | Change since 2021 Q2 |
|---|---|---|
| 2021 Q2 | 306.1 | — |
| 2021 Q3 | 319.2 | +4.3% |
| 2021 Q4 | 326.6 | +6.7% |
| 2022 Q1 | 339.7 | +11% |
| 2022 Q2 | 359.3 | +17% |
| 2022 Q3 | 360.6 | +18% |
| 2022 Q4 | 360.6 | +18% |
| 2023 Q1 | 363.7 | +19% |
| 2023 Q2 | 375.9 | +23% |
| 2023 Q3 | 384.3 | +26% |
| 2023 Q4 | 382.3 | +25% |
| 2024 Q1 | 387.6 | +27% |
| 2024 Q2 | 394.4 | +29% |
| 2024 Q3 | 397.5 | +30% |
| 2024 Q4 | 393.0 | +28% |
| 2025 Q1 | 403.7 | +32% |
| 2025 Q2 | 416.4 | +36% |
| 2025 Q3 | 404.8 | +32% |
| 2025 Q4 | 399.6 | +31% |
| 2026 Q1 | 409.5 | +34% |
| 2026 Q2 | 409.3 | +34% |
Each index has its own base, so compare its changes, not its level.
Details
FHFA's purchase-only index for Albuquerque, NM: repeat sales of the same houses, from mortgages Fannie Mae and Freddie Mac purchased or securitized. It isn't seasonally adjusted, so each span starts in the quarter it ends.
+89%
in 10 years · Albuquerque metro · 2016 Q2–2026 Q2
Past change, not a forecast.
Data table
| Quarter | Index | Change since 2016 Q2 |
|---|---|---|
| 2016 Q2 | 216.5 | — |
| 2016 Q3 | 216.6 | 0% |
| 2016 Q4 | 219.0 | +1.2% |
| 2017 Q1 | 217.2 | +0.3% |
| 2017 Q2 | 223.2 | +3.1% |
| 2017 Q3 | 225.1 | +4.0% |
| 2017 Q4 | 227.2 | +4.9% |
| 2018 Q1 | 227.5 | +5.1% |
| 2018 Q2 | 232.7 | +7.5% |
| 2018 Q3 | 235.4 | +8.7% |
| 2018 Q4 | 232.6 | +7.4% |
| 2019 Q1 | 237.7 | +9.8% |
| 2019 Q2 | 244.8 | +13% |
| 2019 Q3 | 249.3 | +15% |
| 2019 Q4 | 248.1 | +15% |
| 2020 Q1 | 255.4 | +18% |
| 2020 Q2 | 262.4 | +21% |
| 2020 Q3 | 272.3 | +26% |
| 2020 Q4 | 279.2 | +29% |
| 2021 Q1 | 290.0 | +34% |
| 2021 Q2 | 306.1 | +41% |
| 2021 Q3 | 319.2 | +47% |
| 2021 Q4 | 326.6 | +51% |
| 2022 Q1 | 339.7 | +57% |
| 2022 Q2 | 359.3 | +66% |
| 2022 Q3 | 360.6 | +67% |
| 2022 Q4 | 360.6 | +67% |
| 2023 Q1 | 363.7 | +68% |
| 2023 Q2 | 375.9 | +74% |
| 2023 Q3 | 384.3 | +78% |
| 2023 Q4 | 382.3 | +77% |
| 2024 Q1 | 387.6 | +79% |
| 2024 Q2 | 394.4 | +82% |
| 2024 Q3 | 397.5 | +84% |
| 2024 Q4 | 393.0 | +82% |
| 2025 Q1 | 403.7 | +86% |
| 2025 Q2 | 416.4 | +92% |
| 2025 Q3 | 404.8 | +87% |
| 2025 Q4 | 399.6 | +85% |
| 2026 Q1 | 409.5 | +89% |
| 2026 Q2 | 409.3 | +89% |
Each index has its own base, so compare its changes, not its level.
Details
FHFA's purchase-only index for Albuquerque, NM: repeat sales of the same houses, from mortgages Fannie Mae and Freddie Mac purchased or securitized. It isn't seasonally adjusted, so each span starts in the quarter it ends.
ZIP by ZIP
+83%
The median ZIP's house price index, 2015–2025. 15 ZIPs, from +62% to +128%.
One-year ZIP changes are noisy: of last year's top-3 ZIPs in our 50 cities, 1 in 15 was top 3 again. Past change, not a forecast.
About these figures
FHFA's experimental ZIP house price index: houses with Fannie Mae or Freddie Mac loans, from sales and refinance appraisals. Condos, co-ops and multi-unit buildings aren't in it. 15 of Albuquerque's 15 ZIPs have an index; FHFA publishes one only where enough sales exist. A ZIP whose index stops before the latest year shows the year it ends instead of changes. Each index has its own base, so compare a ZIP's changes, not its level.
Rent or buy here
EstimateMonthly housing payment (est.): 20% down · 30-year fixed at 7.03% (Freddie Mac average) · 360 monthly loan payments of $1,975 · APR not calculated (it depends on the lender's fees) · includes principal and interest, property tax, home insurance and any HOA dues, plus mortgage insurance below 20% down.7.03% is Freddie Mac's average 30-year fixed rate for the week of Sep 24, 2026, for buyers with 20% down and excellent credit. It isn't an offer or an APR.Source: Freddie Mac Primary Mortgage Market Survey · Sep 24, 2026 (opens in a new tab)$689
a month more to own a typical sample home than HUD's rent for its size, ZIP 87104
- Own: 3-bedroom sample house, $369,900Sample: fictional home, for the demo.
- EstimateMonthly housing payment (est.): 20% down · 30-year fixed at 7.03% (Freddie Mac average) · 360 monthly loan payments of $1,975 · APR not calculated (it depends on the lender's fees) · includes principal and interest, property tax, home insurance and any HOA dues, plus mortgage insurance below 20% down.7.03% is Freddie Mac's average 30-year fixed rate for the week of Sep 24, 2026, for buyers with 20% down and excellent credit. It isn't an offer or an APR.Source: Freddie Mac Primary Mortgage Market Survey · Sep 24, 2026 (opens in a new tab)$2,529 a monthNot included: upkeep, utilities, flood insurance, special assessments.
- Rent: HUD fair market rent, 3 bedrooms
- $1,840 a monthHUD Small Area Fair Market Rent, FY2027: a 40th-percentile rent for a standard home, utilities included. Not an asking rent.
Lending
6.625%
Median rate, 30-year fixed conventional · 2,305 loans · 2025
2025 home-purchase loans (first liens) on owner-occupied 1–4 unit homes in Albuquerque's census tracts: 4,547 loans. Loans that closed, not offers: a rate depends on your credit, down payment, points and the day you lock it.
- Middle half of rates
- 6.375% to 6.99%
- Loan costs at closing
- $5,020 medianMiddle half $3,571 to $6,936: origination charges (points included) and settlement services, Closing Disclosure section D · 2,780 loans
- Loan limits, 2026
- $832,750 conformingAbove it, a jumbo loan with its own rates and rules; FHA limit $541,287 (one-unit home, Bernalillo County). Limits set by FHFA and HUD.
More lending figures
- Borrowed, every loan on the home combined
- 95% of the value (median)Middle half 80% to 99%. 69.2% of buyers borrowed more than 80% of the value, 57.1% more than 90%, 40.2% more than 95%. HMDA's combined loan-to-value counts every loan on the home (second loans, down-payment-assistance loans, financed FHA or VA fees) against the value the lender used, so it doesn't show the cash buyers put down · 4,403 loans
- Loan types
- Conventional 62.3% · FHA 24.9%VA 12.8% · USDA 0%
- Discount points
- 55.6% of loans paid pointsMedian paid: $2,510. Points buy a lower rate.
For comparison: 7.03% is Freddie Mac's average 30-year fixed rate for the week of Sep 24, 2026, for buyers with 20% down and excellent credit. It isn't an offer or an APR.
Flood and insurance
$1,126 a year
Median of 15 Albuquerque ZIPs' average homeowners premiums, 2022. Premiums have risen since; get quotes for your address.
- Federal flood insurance
- 824 policies in force · 67 claims since 2000FEMA National Flood Insurance Program, summed over 15 ZIPs (policies in force Jun 30, 2026; claims since 2000). Private flood policies aren't counted.
- Policies insurers didn't renew
- 0.6% in the median ZIPU.S. Treasury Federal Insurance Office, 2022.
Most homeowners policies exclude flood, so flood insurance is a separate policy. Source: FEMA FloodSmart: What is my flood risk?, retrieved 2026-10-09 (opens in a new tab) Check an address on FEMA's flood map (opens in a new tab)
County hazard ratings (FEMA)
Natural hazards, compared with other U.S. counties
- Bernalillo County, NM: expected yearly losses rated very high for winter weather; expected yearly losses rated relatively high for earthquake, inland flooding.
Other ratings for Bernalillo County, NM
- WildfireRelatively Moderate
- Heat waveRelatively Moderate
- TornadoRelatively Low
- HailRelatively Moderate
FEMA National Risk Index December 2025: Expected Annual Loss rating of each hazard, by county (NRI December 2025): expected annual losses to buildings, people and agriculture; FEMA's social-vulnerability adjustments aren't included. This describes each county, not one home. Check an address on FEMA's flood map; in a high-risk flood zone, a federally backed loan requires flood insurance.
What's new in Albuquerque
Rail openings, zoning changes and big projects from primary sources, newest first. News, not a price forecast.
- Zoning change
More housing forms allowed near Main Streets and premium transit
O-24-69 opens duplex, townhouse and apartment options in qualifying mapped areas. The change is not a universal fixed homes-per-lot transit bonus.
Albuquerque Housing Now, zoning changes; O-24-69 (opens in a new tab) - Zoning change
R-1 casita rules expand
The IDO amendment allows casitas in R-1 neighborhoods, subject to size and development standards. A casita is not an automatic extra subdividable lot.
Albuquerque Planning, Accessory Dwelling Units (opens in a new tab)
Rules in New Mexico
From state law, standard contract forms and local custom. Research, not legal advice.
- ClosingRule
- A title company runs the closing and holds the money.
- Seller's disclosureRule
- Not generally required (NMAR Form 5110 Seller's Property Disclosure Statement).
- Closing taxesRule
- New Mexico and Albuquerque charge no transfer or mortgage tax at closing in our research; recording fees still apply.
How buying works in New Mexico
- Who runs the closing
- A title company runs the closing and holds the money. Typical time from contract to keys: about 30 days.
- The contract
- Your signed offer becomes a binding contract once the seller accepts it.
Details
NMAR Form 2104 Purchase Agreement – Residential Resale
- Buyer agreement
- NMAR buyer brokerage agreement, signed before touring.
Details
No statute on timing; brokers must disclose their duties before any written agreement. NAR's 2024 rule requires a written agreement before touring.
Source: NAR, Written Buyer Agreements: State Groupings (the 27 states with buyer-agreement laws) (August 2024)
- Inspection
- About 10 days for inspections.
Details
Deadlines are dates written into the offer; 10 days is a sample. A deadline on a weekend or federal holiday rolls to the next business day.
- Earnest money
- 1–2% of the price, due within 3 days, held by: Title company.
Details
Amount and timing are blanks in Form 2104; values are samples.
- Seller's disclosure
- Not generally required (NMAR Form 5110 Seller's Property Disclosure Statement).
Details
No general disclosure statute; the NMAR contract requires the form. By law the seller must give the buyer the assessor's estimate of the tax bill at the list price before accepting an offer (NMSA 47-13-4).
Source: NMSA §47-13-4 (property tax estimate before accepting an offer) (2025 statutes, retrieved 2026-09-27)
- Loan and appraisal
- Loan contingency: 21 days (set in the contract).
Details
Form 2104 ¶10: if the appraisal is below the price the buyer has 5 days to terminate, ask the seller to cover the gap, or proceed. 21 days is a sample.
- Title insurance
- The seller customarily pays for the owner's policy. New Mexico sets title insurance rates.
Details
New Mexico's Superintendent of Insurance sets title premiums. Seller paying the owner's policy is custom (low confidence); Form 2104's cost table decides.
- Property tax for a new owner
- The seller's caps and exemptions end with the sale; your assessment starts over at market value. About 1.4% of the price a year is our planning figure for Albuquerque; your bill can differ.
Details
Residential value increases are capped at 3% a year, but the cap ends on a sale, so a buyer pays on current value: a third of value times the mill rate.
A sale lifts New Mexico's 3% valuation cap, so a buyer is taxed on current value: in-city residential rate 42.254 mills (TY2025, incl. flood control and soil district) on a third of value, less the $2,000 head-of-household exemption ≈ 1.38% at $300,000. Valley parcels add about 6 mills (Middle Rio Grande Conservancy District). Long-time owners pay far less (ACS 0.92%).
- Agent credits to the buyer
- New Mexico allows an agent to credit part of their pay to the buyer, with the lender's approval.
Details
Payments to a principal are allowed only with that principal's written consent (NMSA 61-29-12).
Source: NMSA §61-29-12 (rebates to a principal only with written consent) (2025 statutes, retrieved 2026-09-27)
Closing taxes
New Mexico and Albuquerque charge no transfer or mortgage tax at closing in our research; recording fees still apply.
Sources (9)
- NMAR Form 2104 Purchase Agreement – Residential Resale, 2025 edition (copy hosted by a listing site) · 2025 edition (opens in a new tab)
- NMSA §47-13-4 (property tax estimate before accepting an offer) · 2025 statutes, retrieved 2026-09-27 (opens in a new tab)
- NMSA §61-29-12 (rebates to a principal only with written consent) · 2025 statutes, retrieved 2026-09-27 (opens in a new tab)
- NAR, Written Buyer Agreements: State Groupings (the 27 states with buyer-agreement laws) · August 2024 (opens in a new tab)
- NM Dept. of Finance and Administration, Certificate of Property Tax Rates, Bernalillo County TY2025 (rev. 2025-09-19) · tax year 2025 (opens in a new tab)
- Census ACS 2020–2024 5-year, city: median real estate taxes paid (B25103) ÷ median home value (B25077) · ACS 2020–2024 (opens in a new tab)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owner's Insurance Report: Data for 2023 (Tables 4–5; Homiy cites a few derived state figures) · 2023 data, published July 2026 (opens in a new tab)
- Census CHARS 2025: average contract price per sq ft of new contractor-built houses (excludes lot), by region · 2025 (opens in a new tab)
- FHFA 2026 conforming loan limits, county file · 2026 (opens in a new tab)
Programs and deadlines
Official pages for Albuquerque, the same for every buyer. Each program decides who qualifies.
- Down-payment help
- First Down and HomeNow (opens in a new tab) (Housing New Mexico (New Mexico Mortgage Finance Authority))First Down is a second mortgage for down payment and closing costs with the First Home loan; HomeNow is a 0% second mortgage for lower-income first-time buyers that may be forgiven after 10 years.Official page, checked 2026-09-28.New Mexico's housing finance agency runs it; the program decides who qualifies and for how much.
- Down-payment help in Albuquerque
- We found no city or county down-payment program for Albuquerque. Where we looked: City of Albuquerque and Bernalillo County housing pages and web searches, which found state and nonprofit programs but no city or county program page.Checked 2026-09-28.
- Homestead exemption
- Tax Savings Programs (opens in a new tab) (Bernalillo County Assessor)New Mexico's Head of Family exemption reduces a home's taxable value by $2,000 for a qualifying resident; you only claim it once.Official page, checked 2026-09-28.
- If you disagree with your assessment
- One Day Remains to File Notice of Value Protests (opens in a new tab) (Bernalillo County Assessor)Protest your Notice of Value online or in person within 30 days of its mailing (2026 notices went out April 1, so the deadline was May 1).When: 30 days after the Notice of Value is mailedOfficial page, checked 2026-09-28.
- After you buy: alerts on your deed
- Recording Notifications (opens in a new tab) (Bernalillo County Clerk)A free service that alerts you when documents are recorded with the Clerk's office.Official page, checked 2026-09-28.
Sample homes in Albuquerque, each with its estimated monthly cost and the things to check. Found one somewhere else? Check it here.
Sources (31)
- FHFA House Price Index, five-digit ZIP codes, annual (developmental, all-transactions) · 2000–2025 (updated 2026-03-31) (opens in a new tab)
- FHFA House Price Index, purchase-only, not seasonally adjusted, quarterly: Albuquerque, NM (metro area 10740) · 2000 Q1–2026 Q2 (opens in a new tab)
- U.S. Census Bureau, American Community Survey 5-year estimates (ZCTA), with 90% margins of error: population, median household income, median home value, median gross rent, median real estate taxes paid, median monthly owner costs with a mortgage, owner-occupied share and units, owner homes in buildings with 5+ units, median year built · ACS 2020–2024 (opens in a new tab)
- U.S. Census Bureau, American Community Survey 5-year estimates (ZCTA): population and its margin of error, for the 5-year change and its significance test · ACS 2015–2019 (opens in a new tab)
- FHFA House Price Index, five-digit ZIP codes, annual (developmental, all-transactions) · 2025 (updated 2026-03-31) (opens in a new tab)
- U.S. Census Bureau, 2020 ZCTA to place relationship file, 2025 Gazetteer and cartographic boundaries (city ZIPs, centers, bounds) · 2020 ZCTAs; 2025 place boundaries (opens in a new tab)
- U.S. Census Bureau, Population Estimates, Vintage 2025 (metropolitan and micropolitan areas) · July 2020 → July 2025 (opens in a new tab)
- U.S. Census Bureau, Building Permits Survey: new privately-owned housing units authorized, by CBSA · Sep 2025–Aug 2026 (opens in a new tab)
- FEMA National Risk Index December 2025: Expected Annual Loss rating of each hazard, by county · NRI December 2025 (opens in a new tab)
- U.S. Department of Housing and Urban Development, Small Area Fair Market Rents by ZIP code, FY2027 · FY2027 (from Oct 1, 2026) (opens in a new tab)
- FEMA, OpenFEMA API: NFIP Redacted Policies, version 3 (policies in force). This product uses the Federal Emergency Management Agency’s OpenFEMA API, but is not endorsed by FEMA. The Federal Government or FEMA cannot vouch for the data or analyses derived from these data after the data have been retrieved from the Agency's website(s). · in force Jun 30, 2026; data refreshed 2026-07-27; accessed 2026-09-27 (opens in a new tab)
- FEMA, OpenFEMA API: NFIP Redacted Claims, version 3 (claims since 2000). This product uses the Federal Emergency Management Agency’s OpenFEMA API, but is not endorsed by FEMA. The Federal Government or FEMA cannot vouch for the data or analyses derived from these data after the data have been retrieved from the Agency's website(s). · data refreshed 2026-08-04; accessed 2026-09-27 (opens in a new tab)
- U.S. Treasury, Federal Insurance Office: Analyses of U.S. Homeowners Insurance Markets, 2018–2022, Supporting Underlying Metrics by ZIP code (premiums per policy, nonrenewal rate) · 2018–2022 (published January 2025) (opens in a new tab)
- FHFA House Price Index, purchase-only, not seasonally adjusted: Albuquerque, NM (metro area 10740) · 2026 Q2 (opens in a new tab)
- FHFA House Price Index, all-transactions, not seasonally adjusted: Albuquerque, NM (metro area 10740), calendar-year averages of the quarterly index · 2020–2025 (opens in a new tab)
- U.S. Bureau of Labor Statistics, Current Employment Statistics, total nonfarm, not seasonally adjusted (series SMU35107400000000001) · Aug 2026 (preliminary) (opens in a new tab)
- U.S. Census Bureau, American Community Survey 5-year estimates for the city of Albuquerque, NM (Census place 3502000): median home value, median household income, median gross rent, with 90% margins of error · ACS 2020–2024 (opens in a new tab)
- FFIEC Home Mortgage Disclosure Act (HMDA) data: 2025 Snapshot National Loan-Level Dataset (data as of June 1, 2026), via the CFPB HMDA Data Browser; Homiy's calculations · 2025 loans; retrieved 2026-09-27 (opens in a new tab)
- U.S. Department of Housing and Urban Development, FHA forward mortgage limits, one-unit limit for Bernalillo County, NM · CY2026 (Mortgagee Letter 2025-23) (opens in a new tab)
- FTA National Transit Database, General Transit Feed Specification Weblinks: the public-domain GTFS feeds agencies must publish · retrieved 2026-09-27 (opens in a new tab)
- Rio Metro Regional Transit District: GTFS schedule · scheduled service 2026-09-27 to 2026-10-24 (opens in a new tab)
- NMAR Form 2104 Purchase Agreement – Residential Resale, 2025 edition (copy hosted by a listing site) · 2025 edition (opens in a new tab)
- NMSA §47-13-4 (property tax estimate before accepting an offer) · 2025 statutes, retrieved 2026-09-27 (opens in a new tab)
- NMSA §61-29-12 (rebates to a principal only with written consent) · 2025 statutes, retrieved 2026-09-27 (opens in a new tab)
- NAR, Written Buyer Agreements: State Groupings (the 27 states with buyer-agreement laws) · August 2024 (opens in a new tab)
- NM Dept. of Finance and Administration, Certificate of Property Tax Rates, Bernalillo County TY2025 (rev. 2025-09-19) · tax year 2025 (opens in a new tab)
- Census ACS 2020–2024 5-year, city: median real estate taxes paid (B25103) ÷ median home value (B25077) · ACS 2020–2024 (opens in a new tab)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owner's Insurance Report: Data for 2023 (Tables 4–5; Homiy cites a few derived state figures) · 2023 data, published July 2026 (opens in a new tab)
- Census CHARS 2025: average contract price per sq ft of new contractor-built houses (excludes lot), by region · 2025 (opens in a new tab)
- FHFA 2026 conforming loan limits, county file · 2026 (opens in a new tab)
- Freddie Mac average (Primary Mortgage Market Survey) · Sep 24, 2026 (opens in a new tab)