Market Snapshot
- Median listing price
- $360K
- Median rent
- $1,149/mo
- Days on market
- 48 days
- Gross rental yield
- 3.83%
- STR vs LTR
- $3,076/mo STR · $1,149/mo LTR
The median listing price in Albuquerque, NM ZIP 87123 is $360,000 as of June 2026.
The median market rent in Albuquerque, NM ZIP 87123 is $1,149/month as of June 2026.
The median days on market in Albuquerque, NM ZIP 87123 is 48 days as of June 2026. The market is currently neutral.
At a median list price of $360,000 and a median rent of $1,149/month, the gross rental yield in Albuquerque, NM ZIP 87123 is 3.83% as of June 2026.
In Albuquerque, NM ZIP 87123, median Airbnb revenue is $3,076/month compared to median long-term rent of $1,149/month as of June 2026.
Albuquerque, NM 87123 Real Estate Market Report
ZIP Code: 87123
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
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
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 for properties in Albuquerque 87123 are 6.375%, which is 0.38% higher than the 5.99% average observed earlier in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The primary market indicator is the median sold price of $358,000, which reflects recent transaction activity and suggests the neighborhood's market value is stable relative to asking expectations (representative recent sale).
- There is a spread between the median listing price of $360,000 and the median sold price of $358,000, which may indicate modest pricing friction or cautious seller expectations versus closed transactions (balanced listing-to-sale gap).
- Liquidity appears characterized by elevated inventory relative to sales and a median days on market of 48, which together suggest moderate transaction velocity and some added time required to convert listings into sales.
- Market context is mixed: the price year-over-year trend is up, rent pressures are muted with rent year-over-year trend flat and median market rent of $1,149, while interest rate pressure is elevated (current local 30-year fixed rate 6.375%, 0.38% above the earlier 2026 average), which may constrain buyer purchasing power and slow absorption in certain segments (elevated interest rate pressure).
Notable Properties
The following 8 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 above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Sold at market average
Sold at market average
Sold below market average
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.53% rate, 0.9% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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