The story of this market
The typical home in ZIP 87106 sells for about $427,000, or $245 per square foot.
Prices are up +4.3% from a year ago, so sellers still have some momentum. Homes take about 179 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,555 a month.
ZIP 87106 — Albuquerque
The 87106 housing market is currently characterized by a neutral sentiment, with inventory levels and pricing showing modest stability. While the median sale price remains competitive, the high median days on market suggests a slower pace of transactions compared to the broader metro area. The market is heavily influenced by its proximity to the University of New Mexico, which sustains consistent rental demand despite broader economic fluctuations.
This ZIP is ideal for university-affiliated individuals, young professionals, and investors seeking proximity to the city's cultural and educational core. It is less suited for those seeking large-lot suburban living or quiet, low-density environments.
Median prices moved up 4.3% year over year.
Homes spend a median of 179 days on market with 4.2 months of supply — a slower-moving market.
19% of listings have cut prices · homes sell at 98.9% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.1% · poverty 21.5% — a mixed stability 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 7.9%/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 6.5%/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 87106, Bernalillo County NM
Crime rates in the 87106 area are generally higher than the national average, reflecting urban density and proximity to the University of New Mexico campus. Local trends fluctuate with student population cycles and transient activity.
Schools serving 87106 are part of Albuquerque Public Schools, with performance varying significantly by specific campus; some local elementary schools maintain strong community engagement while secondary options face typical urban district challenges.
The area faces moderate risk from high winds and occasional flash flooding during monsoon season, typical for the Albuquerque basin. Property insurance premiums are influenced by these regional environmental factors.
Economic momentum is anchored by the University of New Mexico and the nearby Central Avenue corridor, which continues to see mixed-use redevelopment. Infrastructure improvements focus on transit-oriented development along the ART bus line.
Property taxes are assessed by Bernalillo County based on market value, with rates determined by the state-mandated millage for school districts and municipal services. Exemptions are available for head-of-household and veterans as per New Mexico state law.
Residents benefit from excellent access to the ART (Albuquerque Rapid Transit) bus line along Central Avenue, providing a direct corridor to Downtown and the University. Most commuters rely on personal vehicles for broader regional access via I-25.
The area features proximity to the Rio Grande Bosque trails, Roosevelt Park, and the cultural amenities of the University of New Mexico campus. Shopping and dining are concentrated along the historic Route 66/Central Avenue corridor.
The rental market is highly active due to the student population, with significant pressure on vacancy rates. Short-term rental presence is notable near the university, though long-term demand remains the primary driver.
The economy is heavily influenced by the University of New Mexico, the state's largest employer, and the surrounding healthcare and research sectors. The area serves as a hub for academic and medical professionals.
The area is served by the Albuquerque Rapid Transit (ART) system, which provides high-frequency bus service along Central Avenue. I-25 provides the primary north-south highway access for the region.
Development is focused on high-density, transit-oriented projects along the Central Avenue corridor to support urban growth goals.
The Bernalillo County Assessor manages property valuations, with assessments typically updated annually based on market sales data.
Parcels are subject to Albuquerque Public Schools district taxes and various municipal service assessments.
Property insurance markets are stable but sensitive to regional wildfire and wind risks, with premiums reflecting the age and construction type of the housing stock.
New Mexico has seen modest net domestic migration gains, with Albuquerque attracting residents from both rural parts of the state and out-of-state relocations.
New Mexico is a judicial foreclosure state, requiring court intervention for the foreclosure process, which typically extends the timeline for lenders.
Sellers are required to provide a comprehensive property disclosure statement detailing known material defects to the buyer.
Data retrieved from Census Reporter and data.census.gov 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 Park43.7 mi
- Cliff's Amusement Park4.35.1 mi
- Hinkle Fun Center4.46.9 mi
- Round1 Bowling & Arcade - Albuquerque4.23.3 mi
- Electric Playhouse4.25.4 mi
- Sandia Resort & Casino4.29.6 mi
- Isleta Amphitheater4.45.2 mi
- Rio Rancho Events Center4.316.8 mi
- Albuquerque Convention Center4.32 mi
- RGCU Field at Isotopes Park4.70.8 mi
- Sandia Peak Tramway4.711.3 mi
- ABQ BioPark Zoo4.52.5 mi
- Cinemark Century Rio Plex 24 and XD4.54.8 mi
- ABQ BioPark Aquarium4.63.8 mi
- Explora Science Center and Children's Museum of Albuquerque4.83.1 mi
- Sandia Peak Tramway4.711.3 mi
- Petroglyph National Monument4.68.4 mi
- ABQ BioPark - Botanic Garden4.73.9 mi
- Old Town Plaza4.63.4 mi
- North Domingo Baca Park4.78 mi
- Tingley Beach4.53.3 mi
- Sandia Resort & Casino4.29.6 mi
- Topgolf Albuquerque4.44.1 mi
- Ladera Golf Course4.26.2 mi
- Arroyo Del Oso Golf Course4.45.3 mi
- Paradise Hills Golf Course4.39.4 mi
- Coronado Center4.33.4 mi
- Cottonwood Mall4.28.9 mi
- El Super4.14.1 mi
- Albuquerque International Sunport4.42.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major anchor institution providing museums, sports venues, and cultural events.
Central urban green space popular for local recreation.
Historic commercial corridor with high density of local restaurants and boutiques.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.