The story of this market
The typical home in ZIP 87111 sells for about $505,000, or $235 per square foot.
Prices are up +9.8% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 87111 — Albuquerque
ZIP 87111 remains one of Albuquerque's more stable and desirable markets, characterized by steady price appreciation and high demand for family-oriented housing. While inventory remains tight, the market is normalizing with a balanced pace of sales. Buyers are increasingly selective, favoring well-maintained properties in top school zones.
This ZIP is ideal for established families and professionals who prioritize school quality, access to outdoor recreation, and a suburban environment within reach of city amenities.
Median prices moved up 9.8% year over year.
Homes spend a median of 32 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 3.5% · poverty 5.2% — 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 5.4%/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 5.4%/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 87111, Bernalillo County NM
Crime rates in 87111 are generally lower than the Albuquerque city-wide average, with property crime being the primary concern in the area.
The area is served by highly-rated schools within the Albuquerque Public Schools district, often cited as a primary draw for families.
The area faces moderate wildfire risk due to its proximity to the Sandia foothills and standard wind-related insurance considerations for the region.
Economic momentum is driven by proximity to major employment hubs in Northeast Albuquerque and ongoing residential infill development.
Property taxes are assessed by Bernalillo County based on market value, with specific millage rates applied for school, city, and county services.
Residents typically have a 20-30 minute commute to downtown Albuquerque or the Uptown business district via I-25 or Tramway Blvd.
The ZIP features extensive access to the Sandia Foothills open space trails, several community parks, and proximity to major shopping centers like ABQ Uptown.
The rental market is stable with moderate vacancy pressure; demand is supported by professionals and families seeking access to top-rated schools.
The local economy is anchored by healthcare, education, and government sectors, with significant employment hubs in the nearby Uptown and Journal Center areas.
The area is primarily car-dependent, with major arterial roads like Tramway Blvd and Montgomery Blvd providing access to the broader metro area.
Development is largely constrained by geography, focusing on high-end residential infill and commercial revitalization along major corridors.
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 premiums are influenced by regional wildfire risk and hail exposure, consistent with broader New Mexico market trends.
New Mexico continues to see modest net domestic migration, with Albuquerque attracting retirees and remote workers.
New Mexico is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a comprehensive property disclosure statement covering known material defects.
Data retrieved from Census Bureau 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 Park46.6 mi
- Cliff's Amusement Park4.35.1 mi
- Hinkle Fun Center4.42.5 mi
- Round1 Bowling & Arcade - Albuquerque4.24.7 mi
- Electric Playhouse4.211.4 mi
- Sandia Resort & Casino4.26.4 mi
- Isleta Amphitheater4.411.8 mi
- Rio Rancho Events Center4.316.2 mi
- Albuquerque Convention Center4.39 mi
- RGCU Field at Isotopes Park4.78.6 mi
- Sandia Peak Tramway4.74.2 mi
- ABQ BioPark Zoo4.59.9 mi
- Cinemark Century Rio Plex 24 and XD4.55.9 mi
- ABQ BioPark Aquarium4.610.5 mi
- Explora Science Center and Children's Museum of Albuquerque4.89.6 mi
- Sandia Peak Tramway4.74.2 mi
- ABQ BioPark - Botanic Garden4.710.6 mi
- Old Town Plaza4.610 mi
- North Domingo Baca Park4.74.8 mi
- Mariposa Basin Park4.611.3 mi
- Sandia Resort & Casino4.26.4 mi
- Topgolf Albuquerque4.46.5 mi
- Arroyo Del Oso Golf Course4.44 mi
- Ladera Golf Course4.211.9 mi
- Paradise Hills Golf Course4.311.4 mi
- Coronado Center4.34.5 mi
- Cottonwood Mall4.210 mi
- El Super4.111.1 mi
- Smith's47.9 mi
- Albuquerque International Sunport4.48.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive hiking and biking trails with mountain access.
Major regional retail and dining hub located nearby.
Private golf course and community facility.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.