Single-family Foreclosures in Albuquerque, NM

Current Market Conditions in Albuquerque, NM

The real estate market in Albuquerque has seen steady growth over the past year. As more people are attracted to the area for its affordability, beautiful surroundings, and quality of life, demand for housing has increased. This has led to a rise in home prices, with many areas reporting strong buyer interest and a competitive market atmosphere.

Recent trends indicate that Albuquerque's housing market remains favorable for both buyers and sellers. The number of homes available has grown, though not enough to satisfy the high demand, creating opportunities for investment in residential properties.

Rent Prices In Albuquerque, NM

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Albuquerque, NM, is on a rollercoaster ride. The average rent price in Albuquerque, NM, is $1,372.00. Indeed, when looking to rent in Albuquerque, NM, you can expect to pay as little as $460.00 or as much as $5,380.00, with the average rent median estimated to be $1,310.00. The good news is that finding an affordable and desirable property to rent in Albuquerque, NM -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.