The story of this market
The typical home in ZIP 87004 sells for about $489,000, or $205 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 82 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,650 a month.
ZIP 87004 — Bernalillo
The 87004 housing market shows steady demand driven by its suburban appeal and relative affordability compared to the core Albuquerque market. While inventory remains constrained, price growth has moderated, reflecting a balanced environment for both buyers and sellers. Local development continues to focus on residential expansion, supporting long-term stability in the area.
This ZIP is well-suited for families and commuters seeking a balance between suburban living and access to the Albuquerque metro area, offering more space than urban centers.
Median prices moved up 2.4% year over year.
Homes spend a median of 82 days on market with 5.8 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 9.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 87004, Sandoval County NM
Crime rates in Bernalillo are generally lower than the Albuquerque metro average, with property crime being the primary concern in residential areas.
Schools serving the 87004 area are part of the Bernalillo Public Schools district, which provides a mix of rural and suburban educational settings.
The area faces moderate wildfire risk in higher elevations and potential flood risks near the Rio Grande corridor.
Economic momentum is driven by proximity to the Albuquerque employment core and local development in the town of Bernalillo, including retail and residential expansion.
Property taxes are assessed by Sandoval County based on the local millage rate, which includes school district and municipal levies.
Commuters primarily utilize I-25 to reach employment centers in Albuquerque and Rio Rancho, with average commute times reflecting a suburban-to-urban flow.
The area features access to the Rio Grande for outdoor activities, local parks, and proximity to the Sandia Mountains for hiking and trail access.
The rental market is characterized by moderate demand from commuters and families, with limited inventory keeping vacancy rates relatively low.
The economy is anchored by local government, retail, and service sectors, with many residents commuting to the nearby Intel plant in Rio Rancho and Albuquerque's tech corridor.
Transportation is heavily reliant on private vehicles via I-25 and US-550, with limited public transit options connecting to the Albuquerque metro.
Development is focused on infill residential projects and commercial expansion along the US-550 corridor.
The Sandoval County Assessor manages property valuations, with assessments typically updated annually based on market sales data.
Parcels are subject to Bernalillo Public Schools district taxes and various municipal utility district assessments.
Property insurance premiums are influenced by regional wildfire and wind exposure, with standard coverage widely available.
Data retrieved from US Census Bureau ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Urban Air Trampoline and Adventure Park413.8 mi
- Cliff's Amusement Park4.312.3 mi
- Hinkle Fun Center4.415.6 mi
- Round1 Bowling & Arcade - Albuquerque4.214.7 mi
- Electric Playhouse4.216.6 mi
- Sandia Resort & Casino4.27.8 mi
- Rio Rancho Events Center4.37.9 mi
- Albuquerque Convention Center4.317 mi
- Topgolf Albuquerque4.413.4 mi
- RGCU Field at Isotopes Park4.717.8 mi
- Sandia Peak Tramway4.79.6 mi
- Cinemark Century Rio Plex 24 and XD4.512.6 mi
- North Domingo Baca Park4.79.6 mi
- Cliff's Amusement Park4.312.3 mi
- Black Mesa Casino3.910.5 mi
- Sandia Peak Tramway4.79.6 mi
- North Domingo Baca Park4.79.6 mi
- A Park Above4.810.3 mi
- Elena Gallegos Open Space4.811.6 mi
- Vista Del Norte Park4.611.9 mi
- Sandia Resort & Casino4.27.8 mi
- Arroyo Del Oso Golf Course4.412.4 mi
- Paradise Hills Golf Course4.311.4 mi
- Santa Ana Golf Club4.61.5 mi
- Twin Warriors Golf Club4.62.3 mi
- Cottonwood Mall4.210.4 mi
- Kohl's4.210 mi
- Sprouts Farmers Market4.311.9 mi
- T.J. Maxx4.213 mi
- Smith's4.19.8 mi
- Albuquerque International Sunport4.419.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive trails and wildlife viewing along the river.
Regional facility hosting local and youth tournaments.
Preserved ruins and cultural history center.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.