Rental numbers for Bernalillo County, NM
The typical home here runs -$1,311 a month at 7.78% with 25% down. 0 of 16 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.4%.
- Gross yield
- 5.0%
- typical home, Zillow
- Median ZIP yield
- 5.4%
- 16 ZIPs with full data
- Cash flow
- -$1,311/mo
- at 7.78%, 25% down
- Typical price
- $349,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,454/mo
- Zillow ZORI, Aug 2026
ZIP codes in Bernalillo County
19 with published figures
| 87121Albuquerque | $291,000 | $1,650 | 6.8% | 3.5% | -$713 | +1.8% |
| 87113Albuquerque | $426,000 | $2,072 | 5.8% | 2.7% | -$1,341 | +1.9% |
| 87104Albuquerque | $357,000 | $1,682 | 5.7% | 2.5% | -$1,178 | +2.4% |
| 87114Albuquerque | $375,000 | $1,752 | 5.6% | 2.5% | -$1,231 | -1.1% |
| 87120Albuquerque | $358,000 | $1,665 | 5.6% | 2.4% | -$1,202 | +3.9% |
| 87110Albuquerque | $322,000 | $1,491 | 5.6% | 2.4% | -$1,092 | +1.0% |
| 87102Albuquerque | $248,000 | $1,146 | 5.5% | 2.1% | -$890 | +3.1% |
| 87105Albuquerque | $282,000 | $1,288 | 5.5% | 2.5% | -$945 | n/a |
| 87112Albuquerque | $323,000 | $1,425 | 5.3% | 2.2% | -$1,156 | +4.2% |
| 87008Cedar Crest | $466,000 | $1,780* | 4.6% | 2.0% | -$1,737 | n/a |
| 87109Albuquerque | $379,000 | $1,402 | 4.4% | 1.5% | -$1,569 | -0.6% |
| 87106Albuquerque | $370,000 | $1,340 | 4.3% | 1.4% | -$1,550 | +3.2% |
| 87111Albuquerque | $421,000 | $1,486 | 4.2% | 1.4% | -$1,794 | +0.4% |
| 87107Albuquerque | $351,000 | $1,232 | 4.2% | 1.3% | -$1,514 | +3.2% |
| 87123Albuquerque | $343,000 | $1,190 | 4.2% | 1.1% | -$1,546 | -0.1% |
| 87108Albuquerque | $285,000 | $970 | 4.1% | 1.0% | -$1,300 | +3.4% |
| 87047Sandia Park | $533,000 | $1,620* | 3.6% | 1.2% | -$2,352 | n/a |
| 87059Tijeras | $448,000 | $1,350* | 3.6% | 1.1% | -$2,018 | n/a |
| 87122Albuquerque | $754,000 | $2,156 | 3.4% | 0.9% | -$3,496 | +0.9% |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +1.6%
- Rent, 12 months
- +1.1%
- Rent minus price growth
- -0.5 pts
- Property tax
- 0.90%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $269,917 | $1,165 |
| Aug 2022 | $312,105 | $1,310 |
| Aug 2023 | $322,039 | $1,367 |
| Aug 2024 | $336,688 | $1,408 |
| Aug 2025 | $343,387 | $1,438 |
| Aug 2026 | $349,025 | $1,454 |
HUD Fair Market Rent
FY2027, Albuquerque, NM MSA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $977 | $1,112 | $1,384 | $1,902 | $2,242 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 6.0
- 1,720 units, last 12 months
- National percentile
- 53th
- among US counties
Tools
Test a listing in Bernalillo County against today's rate.
Open the calculatorPart of the Albuquerque, NM metro.
Questions
- Is Bernalillo County good for rental property?
- The typical home here runs -$1,311 a month at 7.78% with 25% down. 0 of 16 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.4%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Bernalillo County?
- About 0.90% of value, from Census ACS median taxes paid over median home value. On a $349,000 home that is about $3,134 a year.
- What is Fair Market Rent in Bernalillo County?
- HUD's FY2027 Fair Market Rent here is $1,112 for a 1-bedroom, $1,384 for a 2-bedroom and $1,902 for a 3-bedroom. Typical cash flow at today's rate is -$1,311 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.