Albuquerque, NM Real Estate Market 2026: What the Data Shows Before the Score Is Live

Albuquerque has not yet received a PropertyIQ Score. We have market data for the metro and we are covering it because readers have asked. When the score is live, this page will update. In the meantime, here is what the underlying data shows.

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Albuquerque Market Overview (as of February 28, 2026 unless noted)

Albuquerque is the largest metro in New Mexico, with a population of approximately 918,567 (Census, 2023). The economy is anchored by Kirtland Air Force Base, Sandia National Laboratories, the University of New Mexico, and a growing technology sector.

Home values: The Zillow home value index was $341,891 as of January 31, 2026, up 2.77% year-over-year and 1.7% month-over-month. Modest but positive appreciation.

Overvaluation: At 42.8% overvalued relative to local incomes, Albuquerque carries a meaningful affordability gap. The median income is $67,995 (Census, 2023); the estimated income needed to buy at current prices is $108,976.

Inventory: For-sale inventory grew 6.1% year-over-year to 1,624 homes. New listings declined 7.7% -- fewer sellers, moderate inventory growth. That is a more balanced picture than what we see in the Sun Belt markets that are flooding with inventory.

Days on market: 79 days -- slow. The market is not moving quickly.

Price cuts: 17.3% of listings took a price cut as of February 2026.

Rent: The Zillow rent index was $1,509/mo as of December 2025, giving a gross rent multiplier of approximately 18.9x on the median home value.

Unemployment: 4.4% as of November 2025 -- slightly above the national average.

Zillow price forecast: +3.3% (12-month, as of December 2025).

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Preliminary Read (Without a PropertyIQ Score)

Based on available data, Albuquerque looks like a mid-range market with stable supply, modest appreciation, and elevated overvaluation. The 42.8% overvaluation reading is a concern for appreciation buyers, but the inventory picture is not showing the supply surge seen in Greenville or Spokane.

The rent yield at $1,509/mo on $342K is thin but workable. The real story here is whether the tech-sector and national laboratory employment base provides a structural demand floor -- that is a submarket-level question the metro data cannot fully answer.

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