Rent vs Buy Calculator for Albuquerque, NM
Updated 2026 · Local data pre-filled
Albuquerque's price-to-rent ratio is 26.4 — generally favoring renting unless you plan to stay long-term. Median rent is $900/mo vs a $285,000 purchase price.
✓ Calculator below is pre-filled with Albuquerque local data
How Albuquerque Compares to the National Average
Understanding how Albuquerque stacks up helps you calibrate your financial planning.
| Metric | Albuquerque, NM | US Average | Difference |
|---|---|---|---|
| Median Home Price | $285,000 | $420,800 | -32.3% |
| Median Monthly Rent | $900 | $1,713 | -47.5% |
| Median Household Income | $57,800 | $74,580 | -22.5% |
| Property Tax Rate | 0.78% | 1.10% | -29.1% |
| Cost of Living Index | 93 | 100 | -7.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Albuquerque Financial Snapshot
- Population (Metro)
- 920,000
- Unemployment
- 4.7%
- Avg Commute
- 22 min
- Median Age
- 36.6
- Price-to-Rent Ratio
- 26.4x
- Annual Property Tax
- $2,223
Frequently Asked Questions — Albuquerque
What is the median home price in Albuquerque, NM?
The median home price in Albuquerque is $285,000 as of 2025–2026. This is below the national median of $420,800.
What is the average rent in Albuquerque?
Median monthly rent in Albuquerque is $900. That works out to $10,800/year, or 19% of the median household income — within the commonly recommended 30% of income guideline.
Is Albuquerque affordable?
Albuquerque's cost of living index is 93 vs. the national average of 100. With a median household income of $57,800/year and a median home price of $285,000, the price-to-income ratio is 4.9x. Albuquerque falls in the middle of the affordability spectrum for US cities.
What is the property tax rate in Albuquerque?
The effective property tax rate in Albuquerque is 0.78% of assessed value. On the median home of $285,000, that's roughly $2,223/year ($185/month).