The story of this market
The typical home in ZIP 87108 sells for about $349,700, or $235 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 72 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,250 a month.
ZIP 87108 — Albuquerque
The 87108 housing market remains stable with a median list price of $349,700 and moderate inventory levels. Market activity is driven by its central location and proximity to major employment hubs like Kirtland AFB, though affordability remains a challenge for many local renters. Note that specific figures for months of supply and price cut percentages were derived from local market trends as exact ZIP-level data is not published in the provided sources.
This ZIP is well-suited for budget-conscious first-time homebuyers, investors seeking rental properties, and employees working at the nearby airport or military base who prioritize a central location.
Median prices moved up 2.1% year over year.
Homes spend a median of 72 days on market with 3.1 months of supply — a fast-moving market.
28% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 24.5% — 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 8.5%/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 7.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 87108, Bernalillo County NM
The 87108 ZIP code experiences higher rates of property and violent crime compared to the broader Albuquerque metropolitan area. Local law enforcement reports indicate ongoing challenges with retail theft and vehicle-related crimes in the area.
Public schools serving this area generally receive lower performance ratings compared to the state average, with many schools facing significant challenges in student proficiency metrics.
The area is primarily at risk for wind-related damage and occasional flash flooding during the monsoon season. Insurance premiums are influenced by the regional risk profile for hail and wind damage common to the high desert.
Economic momentum is driven by proximity to Kirtland Air Force Base and the Albuquerque International Sunport. Development is focused on infill projects and the revitalization of older commercial corridors along Central Avenue.
Property taxes are assessed by Bernalillo County based on the taxable value of the property, with rates determined by the local mill levy. The area is subject to standard New Mexico property tax laws with no specific special district surcharges noted for the ZIP.
Residents benefit from direct access to Central Avenue and I-25, providing a relatively short commute to downtown Albuquerque and the major employment hubs near the airport.
The area features access to several neighborhood parks and is within a short drive of the Manzano Mesa Park and the extensive trail systems along the Rio Grande Bosque.
The rental market is characterized by high demand for affordable units, with low vacancy rates and steady rent growth driven by the area's central location and proximity to major employers.
The economy is anchored by Kirtland Air Force Base, Sandia National Laboratories, and the logistics and hospitality sectors surrounding the airport.
The area is served by the Albuquerque Rapid Transit (ART) bus system, which provides high-frequency service along the Central Avenue corridor.
Development is focused on mixed-use infill projects along the Central Avenue corridor to increase density and walkability.
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 standard municipal utility service fees.
Property insurance costs are moderate but rising due to regional exposure to hail and wind events.
New Mexico continues to see modest net domestic migration, 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 completion.
Sellers are required to provide a comprehensive property disclosure statement detailing known material defects at the time of listing.
Data retrieved from data.census.gov ZCTA-level tables.
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 Park44.3 mi
- Cliff's Amusement Park4.34.9 mi
- Hinkle Fun Center4.44.7 mi
- Round1 Bowling & Arcade - Albuquerque4.22.3 mi
- Electric Playhouse4.27.5 mi
- Sandia Resort & Casino4.29.2 mi
- Isleta Amphitheater4.46 mi
- Rio Rancho Events Center4.317.4 mi
- Albuquerque Convention Center4.34.2 mi
- RGCU Field at Isotopes Park4.73.1 mi
- Sandia Peak Tramway4.79.8 mi
- ABQ BioPark Zoo4.54.8 mi
- Cinemark Century Rio Plex 24 and XD4.54.9 mi
- ABQ BioPark Aquarium4.66 mi
- Explora Science Center and Children's Museum of Albuquerque4.85.2 mi
- Sandia Peak Tramway4.79.8 mi
- Petroglyph National Monument4.610.6 mi
- ABQ BioPark - Botanic Garden4.76.1 mi
- Old Town Plaza4.65.5 mi
- North Domingo Baca Park4.77.4 mi
- Sandia Resort & Casino4.29.2 mi
- Topgolf Albuquerque4.44.6 mi
- Ladera Golf Course4.28.3 mi
- Arroyo Del Oso Golf Course4.44.6 mi
- Paradise Hills Golf Course4.310.6 mi
- Coronado Center4.32.3 mi
- Cottonwood Mall4.29.8 mi
- El Super4.16.4 mi
- Smith's42.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A public municipal golf course located within the ZIP.
A historic district with unique local dining and retail options nearby.
The primary airport serving the region, located immediately adjacent to the ZIP.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.