Albuquerque, NM — Rental Investment Analysis
🔴WEAK— appreciation play onlyCap Rate
3.3%
Below average
Monthly Cash Flow
-$993
After all expenses
Price-to-Rent
16.4
Overpriced for rent
DSCR
0.52
Fails
📊 Key Metrics
- Median Home Price
- $354,333
- Average Rent (3BR)
- $1,680/mo
- Price-to-Rent Ratio
- 16.4(high)
- 1% Rule
- 0.51%(fails — need 1%+)
- Cash-on-Cash Return
- -13.4%
- Vacancy Rate
- 8.0%
📈 Market Strength
- Unemployment Rate
- 4.9%(+0.6% vs national)
- Rent Growth (YoY)
- +2.9%(national avg)
- Population Growth
- -1.4% YoY
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →Property Tax Rate
0.67%
of assessed value (NM avg)
Median Income
$53,992
household (NM avg)
Rent-to-Income
37.3%
Stretched
Section 8 Max Rent
$1,680/mo
3BR voucher payment
🏛️ NM Investor Climate
Landlord Friendly
5/10
State Income Tax
Has state tax
Property Tax
0.67% effective
Population Trend
-1.4% (3yr)
📈 Population Movement (Tax Year 2021→2022)
Net Migration
-404 households
SHRINKING
Total Inflow
274,558
households moved in
Avg Income (New Residents)
$76,859
per household
Where they're coming from:
1.Bernalillo Non-migrants, NM264,948 households · avg $77,515
2.Sandoval, NM1,931 households · avg $57,052
3.Santa Fe, NM774 households · avg $56,682
4.Valencia, NM693 households · avg $40,407
5.Maricopa, AZ477 households · avg $60,239
Where residents are leaving to:
1.Bernalillo Non-migrants, NM264,948 households
2.Sandoval, NM2,396 households
3.Valencia, NM936 households
4.Santa Fe, NM617 households
5.Maricopa, AZ605 households
💡 Net outflow may indicate weakening demand — but can mean lower prices and higher cap rates.
🏘️ Best Zip Codes in Albuquerque for Investors
All Zip Codes in Albuquerque
| Zip | Cap Rate | Cash Flow | Home Price | Rent (3BR) | DSCR |
|---|---|---|---|---|---|
| 87102 | 4.8% | -$330 | $249,740 | $1,650/mo | 0.75 |
| 87121 | 4.1% | -$561 | $291,298 | $1,710/mo | 0.64 |
| 87110 | 4.0% | -$648 | $321,206 | $1,850/mo | 0.62 |
| 87120 | 3.8% | -$771 | $361,443 | $2,030/mo | 0.60 |
| 87113 | 3.6% | -$993 | $428,465 | $2,310/mo | 0.56 |
| 87114 | 3.6% | -$881 | $377,708 | $2,030/mo | 0.56 |
| 87105 | 3.5% | -$686 | $280,731 | $1,470/mo | 0.54 |
| 87108 | 3.4% | -$717 | $285,229 | $1,470/mo | 0.53 |
| 87112 | 3.3% | -$829 | $323,801 | $1,650/mo | 0.52 |
| 87111 | 3.3% | -$1,101 | $422,623 | $2,130/mo | 0.51 |
| 87109 | 3.1% | -$1,051 | $381,123 | $1,850/mo | 0.48 |
| 87104 | 3.0% | -$1,010 | $354,333 | $1,680/mo | 0.46 |
| 87106 | 2.8% | -$1,108 | $368,872 | $1,680/mo | 0.44 |
| 87123 | 2.7% | -$1,063 | $342,645 | $1,520/mo | 0.42 |
| 87107 | 2.5% | -$1,135 | $348,514 | $1,480/mo | 0.39 |
| 87001 | 1.9% | -$1,465 | $396,243 | $1,470/mo | 0.31 |
| 87122 | 1.6% | -$2,996 | $758,529 | $2,580/mo | 0.26 |