Housing Market in Albuquerque
Albuquerque's 2026 housing market runs genuinely, though only modestly, more affordable than the national figure, with Redfin's cited median sale price at approximately $360,000 (up ~2.8% YoY) against a cited national median of approximately $408,776 -- a real, disclosed 12%-14% discount, not a dramatic one.
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Learn moreA Genuinely, Though Modestly, Affordable Market
Redfin's cited median sale price ran approximately $360,000 over the trailing 3 months ending June 2026 (up ~2.8% YoY), while Zillow's cited average home value ran approximately $350,091 (up ~1.1% YoY, as of June 30, 2026). A separate source (Resideline) cited a median sold price of approximately $361,545 as of August 2026 across 3,396 tracked closings -- all three figures cluster closely, a real, disclosed convergence unlike some other markets in this project's dataset with wider cross-source spreads.
A Real, Disclosed Modest Discount Versus the National Median
Against Redfin's own cited 2026 national median sale price of approximately $408,776 (an all-time high per that report), Albuquerque's own figures run roughly 12%-14% below -- a real, genuine affordability advantage, but this record discloses it precisely as a MODEST one rather than overstating it as a dramatic discount.
Neighborhood-Level Variance Was Not Researched to Comparable Depth This Pass
This record did not independently research Albuquerque neighborhood-level price variance to comparable depth this pass -- see the best-areas topic page for what this record did confirm about specific neighborhood character (Nob Hill, Old Town, the International District), and buyers should confirm current, specific listing and closed-sale data directly for a target neighborhood.
Budget for a Real, Disclosed Cross-Source Property-Tax Spread
As detailed on the property-taxes topic page, Bernalillo County's own cited effective property tax rate (~0.84% per SmartAsset) runs below the national median, though a separate source (Ownwell) cited a notably higher Albuquerque-specific figure (~1.37%, with zip-level variation from ~1.03% to ~1.57%) -- buyers should confirm a specific property's actual current tax bill directly with the Bernalillo County Assessor.
Confirm a Target Property's Wildfire-Risk Status, Particularly in Foothills Areas
As detailed on the flood-hurricane-risk topic page, Albuquerque carries real, documented wildland-urban-interface wildfire risk concentrated in the Sandia foothills / East Mountains corridor -- this record's own web-search budget was exhausted before First Street Foundation's precise percentage-of-properties-at-risk figure could be confirmed this pass (a real, disclosed gap), so confirm a specific target property's current wildfire-risk status directly via firststreet.org or a similar current source.
Key takeaways
- Redfin's, Zillow's, and Resideline's cited Albuquerque price figures converge closely around $350,000-$362,000, roughly 12%-14% below the cited 2026 national median (~$408,776).
- This record discloses Albuquerque's affordability advantage as real but MODEST, not a dramatic discount versus the national figure.
- This record did not research Albuquerque neighborhood-level price variance in comparable depth this pass -- confirm current, address-specific data directly for a target area.
- Bernalillo County's own effective property tax rate (~0.84%) runs below the national median, though a separate source cited a notably higher Albuquerque-specific figure (~1.37%) -- confirm a specific property's bill directly.
- Confirm a target property's current wildfire-risk status directly, particularly in Sandia-foothills / East Mountains areas -- this record could not confirm First Street's precise percentage figures this pass.
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