Median price for residential apartments in as of Jun, 2021.
Remember to negotiate your price according to median sale prices. Also, take into account that the price depends on the size/amenities of the apartment.
2,613 Albuquerque, NM, USA apartments for sale
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Central Avenue Southwest, Albuquerque, NM 87102, USA
Studio
1 Bath
537 Sq Ft
Albuquerque
According to statistics, the population in Albuquerque, NM amounts to 560,234, which shows decline 0% compared to the previous year. The median age of the city’s residents is 37. The average household income is $51,099, shifting growth 1% from the past year, and the average property value in Albuquerque, NM growth 5% to $207,300 throughout the year.
| Population | 560,234 |
| Median Age | 37.2 |
| Poverty Rate | 18% |
| Household Income | $51,099 |
| Number Of Employees | 271,351 |
| Median Property Value | $207,300 |
Household Income
The average household income in Albuquerque, NM grew from $50,456 to $51,099 in the past year. This data is an estimate based upon 228,491 households in Albuquerque, NM . The chart below presents how household income is distributed in Albuquerque, NM in comparison to the revenue allocation amid households nationally.
- USA
- Albuquerque, NM
Property Value
According to data from last year, the average property value in Albuquerque, NM shifted from $196,900 to $207,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Albuquerque, NM in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Albuquerque, NM properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
- USA
- Albuquerque, NM
Rent vs. Own
- Rent58%
- Own42%
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Albuquerque, NM compared to median property taxes around the country. The prevalent amount of property taxes in Albuquerque, NM equals $2500, which is less than the national average.
- USA
- Albuquerque, NM
Housing Trends
Albuquerque, NM, USA Housing Trends
Average sale in Albuquerque: $386,479 (+6%)
| Apartment Size | Jun | vs Last Month |
|---|---|---|
| 1 bed apartments | $185,000 | +12.7% |
| 2 bed apartments | $254,976 | +6.9% |
| 3 bed apartments | $340,903 | -12% |
| 4+ bed apartments | $491,538 | +33.5% |
During Jun 2021, the average price for an apartment in/near Albuquerque, NM increased by 6% to $386,479.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $185,000 with no changes this month. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $254,976. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $340,903. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $491,538 for a big-family home.
| Listing Type | Jun | vs Last Month |
|---|---|---|
| Houses for sale | $403,049 | +5.9% |
| Duplexes for sale | $403,619 | N/A |
| Apartments for sale | $101,166 | -34.6% |
| Lofts for sale | $403,010 | -8.7% |
| Townhouses for sale | $275,300 | +6.9% |
| Condos for sale | $299,900 | N/A |
While assessing the property pricing Albuquerque, NM, you can note that it remains flat with a price tag of $101,166. According to statistics, average house is still $403,049 with no significant changes this month. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $299,900. An average value of duplex is $403,619, thus a median price for a duplex remains the same this month. The price statistics of lofts have not significantly changed, it now still goes for $403,010. Value of the townhouses didn’t change, the price still starts at $275,300.
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