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.
|Number Of Employees||271,351|
|Median Property Value||$207,300|
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.
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.
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.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$1,029,757||+136.7%|
|1 bed for sale||$200,000||-8.2%|
|2 bed for sale||$265,412||+0.9%|
|3 bed for sale||$343,640||-4.6%|
|4+ bed for sale||$468,022||+12.6%|
During Jul 2022, the average price for an apartment in/near Albuquerque, NM increased by 4.9% to $387,941.
After collecting all data points, we now see that the average price for 1-bed apartment decreased by 8.2% to $200,000. Asking price for 2-bed apartment also increased by 0.9% and a place of this size will now cost you $265,412. A 3-bed apartment goes for $343,640, it decreased by 4.6% lately. We discerned the rise of 4- and more bed apartment price. It increased by 12.6% and made it up to $468,022.
|Listing Type||Jul||vs Last Month|
|Townhouses for sale||$282,597||-16%|
|Apartments for sale||$161,987||+38.5%|
|Houses for sale||$409,699||+2.9%|
|Land for sale||$144,641||-10.5%|
|Condos for sale||$219,828||-9.7%|
|Duplexes for sale||$319,363||-5.3%|
|Other for sale||$783,310||+168.3%|
The average cost of an apartment in Albuquerque, NM rised by 38.5% to $161,987. Price reports demonstrate that house price increased by 2.9% this month making it up to $409,699. Condos faced an upward trend these days. The median price for a condo decreased by 9.7%, it’s now available for $219,828. You can now purchase a duplex for just $319,363, duplex price decreased by 5.3% this month. The property value of townhouses decreased by 16%, you’ll have to spend around $282,597 to get one.