The story of this market
The typical home in ZIP 87120 sells for about $369,000, or $235 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 17 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,650 a month.
ZIP 87120 — Albuquerque
The 87120 housing market remains stable with a median list price of $369,000 and a healthy inventory of 394 active listings. Demand is supported by consistent interest from family buyers, though the market is sensitive to interest rate fluctuations. Overall, the area shows steady appreciation and balanced supply-demand dynamics.
This ZIP is ideal for family buyers and professionals who prioritize access to outdoor recreation and established suburban neighborhoods with convenient highway connectivity.
Median prices moved up 2.5% year over year.
Homes spend a median of 17 days on market with 2.8 months of supply — a fast-moving market.
15% 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 4.8% · poverty 7.5% — 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 6.2%/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 5.9%/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 87120, Bernalillo County NM
Crime rates in the 87120 area are generally consistent with broader Albuquerque trends, with property crime remaining the primary concern for residents compared to regional averages.
Schools serving the 87120 area are part of the Albuquerque Public Schools district, with performance ratings varying significantly by individual campus.
The area faces moderate risks related to high winds and occasional flash flooding, typical of the high-desert climate in the Albuquerque basin.
Development in 87120 is characterized by established residential infill and proximity to major employment corridors along the I-40 and Coors Boulevard axis.
Property taxes are assessed by Bernalillo County based on the property's taxable value, with rates determined by local millage levies including school and municipal districts.
Residents typically commute via I-40 or Coors Boulevard to reach downtown Albuquerque or the major employment hubs in the Northeast Heights.
The area features extensive access to the Petroglyph National Monument, numerous neighborhood parks, and proximity to the Rio Grande Valley State Park trails.
The rental market in 87120 is stable with moderate vacancy pressure, driven by demand from families and professionals seeking suburban amenities.
The local economy is anchored by healthcare, education, and government sectors, with significant employment provided by the nearby University of New Mexico and Kirtland Air Force Base.
Transportation is heavily reliant on private vehicles, with I-40 serving as the primary east-west artery for the region.
Development is largely focused on the revitalization of existing commercial corridors and the completion of remaining residential lots in master-planned areas.
The Bernalillo County Assessor manages property valuations, utilizing a mass appraisal system to determine annual taxable values.
Parcels are subject to various special districts, including those for flood control, public schools, and municipal services.
Property insurance premiums are influenced by regional wildfire and wind risk factors, with most carriers maintaining standard coverage availability.
New Mexico has seen modest net domestic migration, with Albuquerque attracting residents from neighboring states and coastal urban centers.
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 Park47.6 mi
- Cliff's Amusement Park4.38.9 mi
- Hinkle Fun Center4.414.6 mi
- Round1 Bowling & Arcade - Albuquerque4.210.2 mi
- Electric Playhouse4.23.8 mi
- Sandia Resort & Casino4.210.8 mi
- Isleta Amphitheater4.412.4 mi
- Rio Rancho Events Center4.311.4 mi
- Albuquerque Convention Center4.37.1 mi
- RGCU Field at Isotopes Park4.78.7 mi
- ABQ BioPark Zoo4.57.1 mi
- Cinemark Century Rio Plex 24 and XD4.58.2 mi
- ABQ BioPark Aquarium4.65.5 mi
- Explora Science Center and Children's Museum of Albuquerque4.86 mi
- Main Event Albuquerque4.27.6 mi
- Petroglyph National Monument4.61.9 mi
- ABQ BioPark - Botanic Garden4.75.5 mi
- Old Town Plaza4.65.8 mi
- North Domingo Baca Park4.710.6 mi
- Mariposa Basin Park4.62.9 mi
- Sandia Resort & Casino4.210.8 mi
- Topgolf Albuquerque4.47.6 mi
- Ladera Golf Course4.22.9 mi
- Arroyo Del Oso Golf Course4.410.1 mi
- Paradise Hills Golf Course4.34.7 mi
- Cottonwood Mall4.26 mi
- Coronado Center4.310.3 mi
- El Super4.15.5 mi
- Smith's48.8 mi
- Albuquerque International Sunport4.410.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major national landmark featuring volcanic rock carvings and extensive hiking trails.
A regional shopping destination located just north of the ZIP boundary.
A large community park offering sports fields and open space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.