The story of this market
The typical home in ZIP 87122 sells for about $889,000, or $245 per square foot.
Prices are up +8.8% from a year ago, so sellers still have some momentum. Homes take about 31 days to sell. HUD's fair market rent for a two-bedroom is $1,899 a month.
ZIP 87122 — Albuquerque
The 87122 housing market remains a high-value, low-inventory enclave within Albuquerque, characterized by steady price appreciation and strong demand for luxury properties. While inventory remains tight, the market is normalizing as buyers become more selective, leading to a balanced environment for well-priced homes. Figures for specific metrics like net migration and foreclosure rates are not determinable at the ZIP level.
This ZIP is ideal for affluent families, professionals, and downsizers seeking luxury housing, proximity to outdoor recreation, and high-quality school districts.
Median prices moved up 8.8% year over year.
Homes spend a median of 31 days on market with 3.2 months of supply — a fast-moving market.
18% 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 3.1% · poverty 2.8% — 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 8.8%/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 8.0%/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 87122, Bernalillo County NM
The area generally reports lower crime rates compared to the broader Albuquerque metro, with property crime being the primary concern.
Schools serving this ZIP are highly regarded, with many institutions in the Albuquerque Public Schools district maintaining strong performance ratings.
The area faces moderate wildfire risk due to its proximity to the Sandia foothills and requires standard wind and hail insurance coverage.
Economic momentum is driven by proximity to the North Albuquerque Acres commercial corridor and ongoing residential infill development.
Property taxes are assessed by Bernalillo County based on the state's valuation formula, with exemptions available for primary residences and seniors.
Residents primarily commute via I-25 or Tramway Blvd toward the downtown Albuquerque employment core, with average commute times around 25 minutes.
The area features extensive access to the Sandia Foothills Open Space, numerous hiking trails, and proximity to high-end shopping and dining at the Journal Center.
The rental market is characterized by high-end single-family homes with low vacancy pressure and limited short-term rental inventory.
The local economy is anchored by the nearby Journal Center business park, with significant employment in technology, healthcare, and professional services.
The area is served by major arterial roads including Tramway Blvd and Paseo del Norte, providing efficient access to the I-25 corridor.
Development is largely focused on high-end residential infill and small-scale commercial expansion along the Paseo del Norte corridor.
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 utility service fees.
Property insurance premiums are influenced by wildfire risk in the foothills and standard regional weather-related hazard exposure.
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 Park46.6 mi
- Cliff's Amusement Park4.34.7 mi
- Hinkle Fun Center4.46 mi
- Round1 Bowling & Arcade - Albuquerque4.26 mi
- Electric Playhouse4.211.2 mi
- Sandia Resort & Casino4.23.3 mi
- Isleta Amphitheater4.414.1 mi
- Rio Rancho Events Center4.313 mi
- Albuquerque Convention Center4.39.8 mi
- RGCU Field at Isotopes Park4.79.9 mi
- Sandia Peak Tramway4.72.3 mi
- ABQ BioPark Zoo4.510.7 mi
- Cinemark Century Rio Plex 24 and XD4.55.4 mi
- ABQ BioPark Aquarium4.610.9 mi
- Explora Science Center and Children's Museum of Albuquerque4.810 mi
- Sandia Peak Tramway4.72.3 mi
- ABQ BioPark - Botanic Garden4.711 mi
- Old Town Plaza4.610.3 mi
- North Domingo Baca Park4.72.4 mi
- Mariposa Basin Park4.610.1 mi
- Sandia Resort & Casino4.23.3 mi
- Topgolf Albuquerque4.46.3 mi
- Arroyo Del Oso Golf Course4.44 mi
- Ladera Golf Course4.211.5 mi
- Paradise Hills Golf Course4.39.5 mi
- Cottonwood Mall4.27.9 mi
- Coronado Center4.36 mi
- El Super4.111.5 mi
- Smith's49.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive trail network for hiking and mountain biking.
Major regional shopping and entertainment destination.
Private golf course and community hub.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.