Albuquerque, NM
Housing in Albuquerque, NM: Rent, Home Prices & Property Tax
$1,119/mo (1 bd) in Albuquerque. Median home $263,500. Property tax 0.78%.
- Rent (1 bd)
- $1,119
- /mo
- Buy
- $1,745
- Mortgage, tax, insurance
- Buying costs more
- $626
- /mo
To buy
- 20% down payment$52,700
- Mortgage at 6.5%$1,332
- Property tax (0.78% of value)$171/mo · $2,055/yr
- Insurance and upkeep$242
- Monthly total$1,745
47.9% of renters spend 30% or more of income on rent. Census ACS 2023.
Months to 20% down
$2,380 left each month. About 23 months (1.9 years) to save $52,700.
Asking rent. Census median home price. 30-year fixed, 6.5%, 20% down. Not lending advice.
Take-home by job in Albuquerque
- Registered nurse
- Software developer
- Elementary school teacher
- High school teacher
- Accountant / auditor
- Truck driver (heavy)
- Electrician
- Civil engineer
- Lawyer
- Police officer
- Financial analyst
- Pharmacist
- Product / project manager
- Physical therapist
- Nurse practitioner
- Physician
- Construction manager
- Data scientist
- Firefighter
- Mechanical engineer