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Albuquerque Real Estate For Sale In NM
This well-beloved southwest city is perfect for both new home buyers and people looking to make a fresh start in life. Albuquerque is renowned for its low cost of living, unique architecture and art, and the beauty of the surrounding desert and the Rio Grande valley. With a population of over 560,000, you’ll have no trouble finding city amenities and real estate in Albuquerque. Albuquerque’s housing market is by far the largest in New Mexico real estate, so whether you’re looking for a big four-bedroom house for a growing family or a convenient downtown condo, Albuquerque has a home for you.
More About Albuquerque NM
Albuquerque real estate is centered in a wide, broad valley nearly in the middle of New Mexico. The Rio Grande bisects the city and Sandia Mountains to the east form a picturesque backdrop that catches the sunsets every evening. You can see these mountains from most parts of the city.
Albuquerque residents enjoy mostly good weather, with plenty of sunshine all year round. Great food can be found virtually anywhere in the city and you shouldn’t encounter too much trouble getting around town to try your favorite restaurants. Outside of normal rush-hour slowdowns, traffic in Albuquerque is a breeze.
You’ll find that Albuquerqueans are generally laid-back and spend their weekends either visiting art museums and galleries or exploring the deserts and mountains to be found all around the city. It’s easy to make friends here, as people are pretty open and ready to get to know you.
Albuquerque NM Real Estate Market
Compared to the national average, Albuquerque real estate is affordable with a median sold price of around $290K. The city is mainly residential, with narrow, limited areas of industrial and commercial development, lending more room for the large medium-density neighborhoods that make up most of the real estate in Albuquerque.
About 60% of Albuquerque residents own their homes, the remainder renting. The majority of homes for sale in Albuquerque are one-story stucco-walled three-bedroom houses. These homes in Albuquerque real estate are set back a bit from the street, with lawns either of grass or pebbles, and a wide variety of trees in the yard or out back. It’s not unusual to drive down the street and see cottonwoods, junipers, and even palm trees growing in the yard.
You can live in a single-family home well within walking distance downtown, but if condos are more your thing, you can find plenty of Albuquerque condos for sale near downtown as well as along most major roads. Condos in Albuquerque real estate typically list between $200K and $400K.
Distances to other cities
- 65 miles to Santa Fe, NM
- 133 miles to Taos, NM
- 266 miles to Los Alamos, NM
- 201 miles to Roswell, NM
- 215 miles to Durango, CO
Neighborhoods In Albuquerque NM
Nob Hill
Nob Hill is just a ten-minute drive to the east of Albuquerque’s city center and is one of the more notable neighborhoods in the city. As far as Albuquerque real estate goes, homes in Nob Hill tend towards the higher end and list for between $350K and $450K. Neighborhood schools include St. Mark’s Montessori (preschool), Highland Autism Center, Highland High School, and Monte Vista Elementary School.
Eastside
Albuquerque’s east side is dominated by the scenic foothills of the Sandia Mountains which are more or less everyone’s backyard. Homes in Eastside are great for anyone looking to hike on more than just the weekends. This patch of Albuquerque real estate features houses that list between $350K and $450K, with nearby schools like Albuquerque School Excellence (elementary), Hawthorne Elementary School, Sandia High School, and Madison Middle School spread across the neighborhood.
Downtown
Downtown Albuquerque is not built up with skyscrapers and office buildings, but is almost exclusively residential. Downtown Albuquerque real estate features single family houses with 2-3 bedrooms on average, usually listing between $300K-$500K. Neighborhood schools include Lew Wallace Elementary School, Escuela Del Sol Montessori School (PK-9), Washington Middle School, and Amy Biehl Charter High School.
Communities just outside Albuquerque NM
Tijeras
This little mountain village is nestled in the Sandias range just east of the city. If you want to stay connected to Albuquerque but have more open country and desert landscapes to enjoy on a daily basis, Tijeras real estate is the place for you.
North Valley
Most of North Valley lies along the Rio Grande, but part of it extends down towards the heart of Albuquerque. If you’re looking for lots of space to yourself and large homes with four or more bedrooms, North Valley should be on your radar.
Schools In Albuquerque NM
Albuquerque real estate is served by the Albuquerque Public Schools (APS), which is one of the biggest public school districts in the U.S. (nearly 100K students), and offers both public and charter school options. There are also several accredited private schools which serve students with special needs including Desert Hills, Pathways Academy, and Presbyterian Ear Institute Oral School. The top high schools in Albuquerque are:
- College and Career High School
- Albuquerque Institute of Math & Science (Charter)
- Cottonwood Classical Prep (Charter)
- Public Academy for Performing Arts (Charter)
- La Cueva High School
- Nex Gen Academy
- Explore Academy (Charter)
FAQ About Albuquerque Real Estate
What’s the zip code for Albuquerque, New Mexico?
The zip codes for Albuquerque, NM, include:
What county is Albuquerque, New Mexico in?
Albuquerque, NM, is a city in Bernalillo County.
Where is the nearest airport to Albuquerque, New Mexico?
The Albuquerque International Sunport is about 5 miles or 11 minutes from Albuquerque, NM.
How far is Albuquerque, New Mexico from Santa Fe?
Albuquerque is 64 miles or about an hour away from Santa Fe.
How far is Dallas from Albuquerque, New Mexico?
Albuquerque is about 650 miles or about nine hours and 50 minutes from Dallas.
How far is Albuquerque, New Mexico from the Texas border?
Albuquerque is 229 miles or three hours and 35 minutes away from the Texas border.
What is Albuquerque, New Mexico best known for?
Albuquerque, NM, is best known for its artistic flair, historic Native American sites, and the Albuquerque International Balloon Fiesta. Albuquerque is also known as an outdoor hub for activities like mountain biking, hiking, and skiing in the Sandia Mountains, as well as walking, biking, or kayaking the Rio Grande River that runs through the city.
Things To Do In Albuquerque NM
Among the Albuquerque real estate are seemingly endless things to do. Here are a few of our favorites.
Attractions in Albuquerque NM
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Sandia Peak Tramway
Ride to the apex of the Sandia Peak and experience some of the best views around. You can also go for hikes or simply watch the sunset over the city of Albuquerque. -
Albuquerque Old Town
Experience the flavor of Albuquerque's unique and traditional adobe style architecture and explore the many shops and restaurants, museums, and more. -
New Mexico Museum of Natural History and Science
Here you can learn how the world became what it is today as the museum takes you through the different times of earth’s history from the dinosaurs to microcomputers. -
Explora
A place geared towards children that adults love too, Explora showcases interactive exhibits like Light, Shadow, Color and Math Moves! to teach how things work. -
Cliff’s Amusement Park
Here you find lots of roller coasters to ride, like the Mexico Rattler, Demolition Disco, and the Cliff Hanger. If you get too hot, no worries, right next door is Cliff’s Watermania water park. -
Indian Pueblo Cultural Center
Located near the heart of downtown, people can learn all about the Pueblo way of life and traditional Native American customs and admire beautiful artwork, learn traditional dances, and more!
Events In Albuquerque NM
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New Mexico State Fair
Taking place every September is New Mexico’s State Fair here in Albuquerque. This 10-day-long fair can take part in admiring artwork and animal exhibits, as well as enjoy live entertainment, rodeos, and rides! -
The Albuquerque International Balloon Festival
After September, over a 9-day span in October, is the famous balloon festival in ABQ. Spectators come to admire the sky fill up with hot air balloons of all colors and sizes. If you enjoyed the festival and are fascinated by hot air balloons, you’ll also want to tour the Balloon Museum!
Parks In Albuquerque NM
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Mariposa Basin Park
Situated on the northwest quadrant of Albuquerque, Mariposa Basin Park is a popular place for locals to get outdoors as the park offers a plethora of things to do like trails to explore, baseball & softball fields, horseshoe pits, playground, exercise equipment, soccer fields, and much more! -
ABQ BioPark
Here at the BioPark you can explore the world through many different environments like a butterfly pavilion, botanic gardens, aquarium, the zoo, and more!
Living In Albuquerque NM
Cost of living in Albuquerque, New Mexico
Though the overall cost of living in Albuquerque is more than New Mexico’s average by 2.7%, it is still less than the national average by 8.9%. If you’re living in Albuquerque real estate, you’ll likely pay a little more for groceries, transportation, and housing, but less for healthcare and utilities. The median home cost in Albuquerque is 4.4% more than the state average, but still 12% less than the U.S. average. The median household income in Albuquerque is $53,936.
Medical Access in Albuquerque, New Mexico
Residents living in Albuquerque real estate have convenient access to healthcare as the city is a hub for New Mexico’s medical care. Albuquerque’s top hospital is the University of New Mexico Hospital, which also functions as a children’s hospital, and has a burn center, a level I trauma center for adults and children, and more. Other top hospitals in Albuquerque include Presbyterian Hospital, Raymond G. Murphy VA Medical Center, and Lovelace Medical Center.
Weather in Albuquerque, New Mexico
Albuquerque’s climate is desert-like with dry and hot summers and mild winters. Due to Albuquerque’s location and climate, the city receives an average of 278 days of sunshine and only 11 inches of precipitation a year. The average high temperature in the summer is 92°F in July and the average low temperature in the winter dips to 24°F in January.
Jobs In Albuquerque NM
Albuquerque’s economy is booming with several industries operating here. Some of the main job industries include commerce, culture outlets, education, entertainment, medicine, science, and technology. Albuquerque has a long list of accolades surrounding its job market including recognitions from Forbes as one of the “best cities in America for business and careers” multiple times, as well as being one of the nations “Engineering Capitals”. National Geographic Adventure also ranked Albuquerque as one of the “Top Best Cities for Jobs.” Some of the top companies to work for near real estate in Albuquerque are:
- Kirtland Air Force Base
- Sandia National Laboratories
- Lovelace Respiratory Research Institute
- Presbyterian Health Services
- University of New Mexico
- Central New Mexico Community College
- Intel
- Facebook Data Center
- MITS
- Microsoft
- Netflix (Albuquerque Studios)
- The Downs Casino and Racetrack
Transportation In Albuquerque NM
Though the Rio Grande River runs north and south through Albuquerque, the city’s infrastructure is set up in a straightforward grid with the bulk of the real estate in Albuquerque set up to the east of the river. With that said, two main thoroughfares cross in Albuquerque. I-25 runs parallel to the east of the Rio Grande and I-40 intersects, which runs east and west, intersects with I-25 near the city center.
The Albuquerque Rapid Transit (ART) is a mass transit system that serves the community, with several bus routes throughout the city to meet the needs of ABQ residents. Albuquerque also has a strong bicycle network with trails in and around the city as a means of alternate transportation.
The New Mexico Rail Runner Express is a commuter rail line that offers public transportation that connects Albuquerque to the surrounding counties.