The story of this market
The typical home in ZIP 87116 sells for about $310,000, or $205 per square foot.
Prices are up +1.2% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,450 a month.
ZIP 87116 — Albuquerque
The 87116 housing market remains stable, characterized by low inventory and steady demand driven by its proximity to Kirtland Air Force Base. While sales volume is currently limited, prices have seen modest year-over-year growth. The market is currently balanced, with sellers maintaining firm pricing expectations.
This ZIP is well-suited for military families, defense contractors, and professionals working at Kirtland AFB who prioritize proximity to their workplace and a stable, suburban residential environment.
Median prices moved up 1.2% year over year.
Homes spend a median of 45 days on market with 2.4 months of supply — a fast-moving market.
0% 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 4.2% · poverty 8.5% — 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 5.9%/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 4.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 87116, Bernalillo County NM
Crime trends in the 87116 area are generally consistent with broader Albuquerque regional patterns, which face ongoing challenges with property crime. Safety perceptions vary significantly due to the ZIP's proximity to Kirtland Air Force Base.
Schools serving the area are part of the Albuquerque Public Schools district, with performance ratings generally reflecting the district's overall mixed academic outcomes.
The area is subject to standard high-desert climate risks, including potential for wind damage and wildfire exposure in surrounding foothills, though flood risk is generally low.
Economic momentum is heavily anchored by Kirtland Air Force Base and associated defense and research contractors, providing a stable employment base for the immediate vicinity.
Property taxes are assessed by Bernalillo County based on the property's taxable value, with rates determined by the state-mandated millage for school districts and local municipal services.
Residents primarily rely on personal vehicles for commuting, with direct access to major corridors like I-25 and I-40 providing connectivity to the Albuquerque employment core.
The area offers access to local neighborhood parks and is within a short drive of the Sandia Mountain foothills, which provide extensive hiking and biking trails.
The rental market is influenced by the transient nature of military personnel and civilian contractors associated with Kirtland AFB, maintaining steady demand and moderate vacancy pressure.
The economy is dominated by the defense and aerospace sectors, with Kirtland Air Force Base serving as the primary economic engine for the area.
The area is served by a network of arterial roads connecting to the Albuquerque metropolitan transit system, though private vehicle ownership is the primary mode of transport.
Development is largely constrained by the boundaries of Kirtland Air Force Base, with limited new residential construction occurring in the immediate ZIP code.
The Bernalillo County Assessor manages property valuations, utilizing a mass appraisal system to determine taxable values for residential and commercial parcels.
Parcels are subject to standard municipal and county tax levies, with specific assessments for school district funding and local utility infrastructure.
Property insurance premiums are influenced by regional wildfire and wind risk factors, with market conditions remaining stable but sensitive to national reinsurance trends.
New Mexico is a judicial foreclosure state, requiring court intervention for the foreclosure process, which typically extends the timeline for lenders.
New Mexico requires sellers to provide a written disclosure statement regarding the condition of the property, including known material defects.
Data retrieved from 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 Park415.3 mi
- Cliff's Amusement Park4.317 mi
- Hinkle Fun Center4.417.7 mi
- Round1 Bowling & Arcade - Albuquerque4.215.3 mi
- Electric Playhouse4.212.9 mi
- Isleta Amphitheater4.47.7 mi
- Albuquerque Convention Center4.312.1 mi
- RGCU Field at Isotopes Park4.711.4 mi
- Topgolf Albuquerque4.415.7 mi
- Sadie's of New Mexico4.316.1 mi
- ABQ BioPark Zoo4.511.1 mi
- ABQ BioPark Aquarium4.611.9 mi
- Explora Science Center and Children's Museum of Albuquerque4.812.4 mi
- ABQ BioPark - Botanic Garden4.711.8 mi
- New Mexico Museum of Natural History and Science4.712.4 mi
- ABQ BioPark - Botanic Garden4.711.8 mi
- Old Town Plaza4.612.2 mi
- Roosevelt Park4.511.8 mi
- Tingley Beach4.411.4 mi
- UNM Duck Pond4.712.6 mi
- El Super4.111.3 mi
- Smith's412.1 mi
- Rail Yards Market4.611.3 mi
- Smith's410.6 mi
- Silver Street Market4.411.7 mi
- Albuquerque International Sunport4.410.5 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 and employer for the region.
Provides extensive trail networks for hiking and mountain biking.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.