Market Snapshot
- Median listing price
- $392K
- Median rent
- $1,300/mo
- Days on market
- 94 days
- Gross rental yield
- 3.98%
- STR vs LTR
- $2,277/mo STR · $1,300/mo LTR
The median listing price in Albuquerque, NM ZIP 87109 is $392,000 as of June 2026.
The median market rent in Albuquerque, NM ZIP 87109 is $1,300/month as of June 2026.
The median days on market in Albuquerque, NM ZIP 87109 is 94 days as of June 2026. The market is currently neutral.
At a median list price of $392,000 and a median rent of $1,300/month, the gross rental yield in Albuquerque, NM ZIP 87109 is 3.98% as of June 2026.
In Albuquerque, NM ZIP 87109, median Airbnb revenue is $2,277/month compared to median long-term rent of $1,300/month as of June 2026.
Albuquerque, NM 87109 Real Estate Market Report
ZIP Code: 87109
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Albuquerque, NM, are approximately 6.63%, reflecting a market environment where rates have remained elevated above 6% throughout 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- Median sold price is the primary indicator of market value and recent transaction activity; however, a median sold price is not provided in the available metrics, which may indicate a limited closed-transaction sample in the analyzed dataset or timing differences between listings and recorded sales. contextual note
- Median listing price is 392,000, while the price year-over-year trend is up, and the market temperature is tagged as neutral — this suggests modest appreciation but a more balanced negotiation environment between buyers and sellers.
- Median days on market is 94, which points to slower sales velocity; coupled with the provided sample showing elevated inventory relative to sales activity, this may indicate pricing friction or that buyers are being more selective.
- Median market rent is 1,300 and the rent year-over-year trend is down; financing headwinds are present with interest rate pressure described as elevated and current 30-year fixed mortgage rates reported at approximately 6.63%, both of which may be suppressing investor demand and contributing to softer rental momentum.
Notable Properties
The following 2 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold below market average
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
Get personalized market intelligence
Explore real-time property analysis in Albuquerque, NM: valuations, rental estimates, costs, and pro-forma projections.