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Prototype of a planned home-buying brokerage for the 50 largest U.S. cities. Not a licensed brokerage in any state, and no brokerage services are offered. Listings, people and companies are sample data; market statistics are real public data, cited where shown.

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Trends · New Mexico

House prices and costs in Albuquerque, NM

How house prices moved across 15 Albuquerque ZIP codes, what buyers here borrowed and paid, what's new and how buying works in New Mexico. Public data, with sources and dates. Past change, not a forecast.

Albuquerque, NM metro house prices -1.7% in the year to 2026 Q2 (FHFA, purchases)

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.

How house prices moved in Albuquerque, 2022–2025

Of 15 ZIPs with enough data, 15 rose 7% or more, 0 fell 7% or more and 0 moved less (no clear change). Past rankings are a weak guide: of the ZIPs in their city's top 3 for 2019–2022, 25 of 134 (about 1 in 5) were top 3 again for 2022–2025; chance alone would give about 21. Past change, not a forecast.

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. Tap a ZIP to see it on the map.

Largest house-price rises, 2022–2025

3-year change of the ZIP index; ZIPs with an index every year, 5,000+ residents and 1,000+ owner-occupied homes. Left out as too jumpy: a ZIP whose index rose 7% or more in one year and fell as much in another. Each year's change below.

  1. 1ZIP 871212023 +11.2% · 2024 +6.9% · 2025 +3.7%+23.3%
  2. 2ZIP 87107 · includes North Valley2023 +10.3% · 2024 +6.3% · 2025 +3.9%+21.8%
  3. 3ZIP 87102 · includes Downtown2023 +6.0% · 2024 +4.0% · 2025 +9.8%+21.0%
  4. 4ZIP 871122023 +11.5% · 2024 +2.4% · 2025 +4.2%+19.0%
  5. 5ZIP 871222023 +4.8% · 2024 +6.7% · 2025 +6.0%+18.5%

Largest house-price falls, 2022–2025

3-year change of the ZIP index; ZIPs with an index every year, 5,000+ residents and 1,000+ owner-occupied homes. Left out as too jumpy: a ZIP whose index rose 7% or more in one year and fell as much in another. Each year's change below.

No Albuquerque ZIP's house prices fell 7% or more from 2022 to 2025.

Lowest owner-reported values

Median value owners report (Census ACS 2020–2024). Left out: ZIPs under 1,000 residents, less reliable estimates, and ZIPs where most owners live in condos or co-ops.

  1. 1ZIP 87102 · includes Downtown± $19K · ≈ $1,403/mo housing payment (est.) on a house, 20% down$197K
  2. 2ZIP 87121± $6.3K · ≈ $1,474/mo housing payment (est.) on a house, 20% down$208K
  3. 3ZIP 87108± $14K · ≈ $1,701/mo housing payment (est.) on a house, 20% down$243K
  4. 4ZIP 87123 · includes Four Hills± $14K · ≈ $1,742/mo housing payment (est.) on a house, 20% down$250K
  5. 5ZIP 87110 · includes Northeast Heights± $11K · ≈ $1,900/mo housing payment (est.) on a house, 20% down$274K

Population grew most

Residents, 2015–2019 to 2020–2024 (Census ACS): only changes larger than the margin of error, in ZIPs with 1,000+ residents.

No Albuquerque ZIP's population grew by more than its margin of error.

Public loan records · 2025

What buyers here actually borrowed and paid (2025)

2025 home-purchase loans (first liens) on owner-occupied 1–4 unit homes in Albuquerque's census tracts: 4,547 loans. These are loans that closed in Albuquerque, not offers: a rate depends on your credit, down payment, points and the day you lock it.

Interest rate, 30-year fixed (conventional)
6.375% to 6.99%Middle half of loans; median 6.625% · 2,305 loans
Loan costs at closing
$3,571 to $6,936Middle half; median $5,020. Origination charges (points included) and settlement services, Closing Disclosure section D · 2,780 loans
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: every loan on the home (second loans, down-payment-assistance loans and financed FHA or VA fees too) ÷ 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.
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)

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. Source: 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).

Research · dated and sourced

What's new in Albuquerque

Rail openings, zoning changes and big projects from primary sources, newest first. Stars on the map mark the ones with a location. News, not a price forecast.

  1. 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
  2. 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

Metro area · public data

Albuquerque, NM

House prices, year to 2026 Q2
-1.7%FHFA purchase-only index
House prices, 5 years to 2026 Q2
+33.7%FHFA purchase-only index
House prices, 2025
+3.9%All sales and refinances, like the ZIP figures; 2022–2025: +16.6%
New homes permitted
3.2 per 1,000 residents2,950 homes · -6.9% vs a year earlier · Sep 2025–Aug 2026
Jobs, 12 months
-0.5%Aug 2026 (preliminary)
Population, July 2020 to July 2025
+0.8%925,279 residents in July 2025 (Census estimates)
Mortgage rate benchmark
7.03%Freddie Mac average, week of Sep 24, 2026

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. New homes permitted is a supply signal: more permits per resident usually means more homes coming to market. Jobs, permits and population cover the whole metro.

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 this home. Check the address on FEMA's flood map; in a high-risk flood zone, a federally backed loan requires flood insurance.

Sources (9)

Research summary · not legal advice

How buying works in New Mexico

The usual steps, deadlines and closing costs for a purchase in Albuquerque, from state law, standard contract forms and local custom. Contracts can change any of it. Homiy is a prototype: it isn't a licensed brokerage in New Mexico and offers no services here.

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.

Programs and after you buy

Down-payment help
First Down and HomeNow (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 (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 (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 (Bernalillo County Clerk)A free service that alerts you when documents are recorded with the Clerk's office.Official page, checked 2026-09-28.
Sources (9)

Methodology

How we measure, and what it isn't

Past change, not a forecast. These figures describe the past from public data; they don't tell you where prices go next.

House prices by ZIP, and the rankings

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. It's built from repeat sales and refinance appraisals of the same homes, not average sale prices, and FHFA publishes no margin of error for it. We rank ZIPs by the change over the last 3 years, only where FHFA published the index in every one of them, and only ZIPs with 5,000+ residents and 1,000+ owner-occupied homes. A change smaller than 7% either way is “no clear change”: in our 50 cities, the index's own year-to-year swings suggest sampling alone can move a three-year change about that much. A ZIP whose index rose 7% or more in one year and fell as much in another is left out as too jumpy. We show rises and falls, each year's change, and the city's and metro's figures for the same years. Past rankings are a weak guide: of the ZIPs in their city's top 3 for 2019–2022, 25 of 134 (about 1 in 5) were top 3 again for 2022–2025; chance alone would give about 21. Many ZIPs, especially dense ones, have no index.

City and metro price figures

City: the resident-weighted average of its ZIPs that have an index (the ZIP card says when that's only part of the city). Metro: FHFA's all-transactions index over the same calendar years, the ZIPs' method; the metro card also shows FHFA's purchase-only index for the latest quarter against a year and five years earlier. Where FHFA splits a metro into divisions (New York, Miami, Detroit and others), the division's index, named where it's shown. Jobs, permits and population always cover the whole metro.

Payment ÷ income

Monthly housing payment (est.) on a house at the ZIP's median value: 20% down · 30-year fixed at 7.03% (Freddie Mac average) · 360 monthly loan payments · 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. Property tax uses Albuquerque's rule for a new buyer (about 1.4% of the price a year, our planning figure); insurance is a typical premium. Not included: upkeep, utilities, flood insurance, special assessments. Divided by a month of the ZIP's median household income. The Census reports values over $2 million and incomes over $250,000 only as “or more”, so those shares are bounds (“at least”, “at most”). Left out where 50% or more of owner-occupied homes are in buildings with 5+ units: their HOA dues or co-op charges aren't in the payment. It combines two estimates, so no margin is computed. 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.

Census figures and margins of error

American Community Survey 5-year estimates, 2020–2024: the median value owners report for their homes (it lags sale prices; co-op owners report the value of their shares), median rent with utilities, median household income, residents, and the property tax and monthly costs owners report. Each comes with its 90% margin of error (±). Figures whose margin is 20–49% of the estimate are marked “less reliable” and left out of rankings and tags; figures with wider margins aren't shown. A population change (from 2015–2019) is shown only when it passes the Census Bureau's 90% significance test; otherwise it says “no clear change”. Albuquerque's own figures come from the Census's estimates for the city itself where published; otherwise they blend its ZIPs (no margin computed). Lists leave out ZIPs with fewer than 1,000 residents.

Tags

Lower home values:
The median value owners report is in the lowest quarter of the city's ZIPs (Census ACS). Less reliable estimates and ZIPs where most owners live in condos or co-ops aren't compared.
Population grew:
Residents rose 5% or more between the two latest five-year Census surveys, by more than the margin of error.
Mostly condos or co-ops:
Half or more of owner-occupied homes are in buildings with 5 or more units. Values there leave out HOA dues and co-op charges, so they aren't ranked.
New rail nearby:
A rail station opened within about a mile in 2023–2026.

“New rail nearby” uses our dated news pins: a ZIP whose center is within 1,600 m of a station that opened, plus the ZIP the station sits in. No tag describes price momentum.

Hazards and flood insurance

FEMA's National Risk Index rates each county's expected yearly losses from each hazard against all U.S. counties; we show those Expected Annual Loss ratings for every county the city lies in, without FEMA's social-vulnerability adjustments. They describe counties, not homes. Flood insurance counts are policies and claims in the federal program (NFIP) only. Check an address's flood zone on FEMA's flood map.

What buyers borrowed and paid

Public HMDA loan records: home-purchase first liens on owner-occupied 1–4 unit homes in the city (the card names the area covered), with the number of loans behind each figure. Loans that closed, not offers or quotes.

Neutral by design

We describe prices, payments, population counts, construction and rail lines. We don't describe places by who lives there, schools or crime, and we don't call areas “up-and-coming”, “transitional” or “safe”. Choose where to live for your own reasons.

Sources and dates