USA.com / New Mexico / Bernalillo County / Albuquerque, NM / 87108 / Housing

87108 Zip Code Housing

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As of 2010-2014, median price of a house in 87108 Zip Code is $155,300, which is about the same as the state average of $159,300 and is lower than the national average of $175,700. The 87108 Zip Code median house value has grown by 43.00% since 2000. The growth rate for the price of a house in 87108 Zip Code is lower than the state average rate of 47.36% and is lower than the national average rate of 46.91%. The median year that a house in 87108 Zip Code was built is 1963, which is older than the median year for a house built in the state which is 1981 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 5,442 Owner Occupied Houses in 87108 Zip Code, see rank

87108 Zip Code	155,300 USD
New Mexico	159,300 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, see rank

87108 Zip Code	43.00%
New Mexico	47.36%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	87108 Zip Code	New Mexico	U.S.
Total Housing Units	19,079, see rank, 100%	907,233	132,741,033
Occupied Housing Units	16,994, 89.07%, see rank	84.29%	87.55%
Owner Occupied	5,442, 28.52%, see rank	57.46%	56.34%
Renter Occupied	11,552, 60.55%, see rank	26.83%	31.21%
Vacant Housing Units	2,085, 10.93%, see rank	15.71%	12.45%
For Rent	976, 5.12%, see rank	2.38%	2.34%
For Sale Only	80, 0.42%, see rank	1.36%	1.20%
Rented or Sold, Not Occupied	222, 1.16%, see rank	0.84%	0.92%
For Seasonal, Recreational, or Occasional Use	82, 0.43%, see rank	5.69%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.11%	0.03%
Other Vacant	725, 3.80%, see rank	5.34%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #293

87108 Zip Code	New Mexico	U.S.
1963	1981	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	87108 Zip Code	%	New Mexico	U.S.
Owner-Occupied Units	5,442	100%	521,278	74,787,460
With a Mortgage	3,600	66.15%, see rank	58.53%	65.58%
Without a Mortgage	1,842	33.85%, see rank	41.47%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

87108 Zip Code	1,120 USD
New Mexico	1,242 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	87108 Zip Code	%	New Mexico	U.S.
$299 or Less	12	0.33%, see rank	0.22%	0.20%
$300 to $499	9	0.25%, see rank	2.56%	1.59%
$500 to $699	264	7.33%, see rank	8.36%	5.01%
$700 to $999	1,178	32.72%, see rank	20.68%	14.32%
$1,000 to $1,499	1,222	33.94%, see rank	34.20%	27.90%
$1,500 to $1,999	518	14.39%, see rank	18.89%	20.35%
$2,000 to $2,999	334	9.28%, see rank	11.36%	19.52%
$3,000 or More	63	1.75%, see rank	3.72%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

87108 Zip Code	21.80% of the Total Income
New Mexico	23.20% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	87108 Zip Code	%	New Mexico	U.S.
10% or Less	355	9.86%, see rank	7.26%	5.86%
10% to 20%	1,302	36.17%, see rank	32.85%	31.95%
20% to 30%	707	19.64%, see rank	25.70%	27.64%
30% to 40%	394	10.94%, see rank	12.87%	13.74%
40% or More	826	22.94%, see rank	20.48%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

87108 Zip Code	355 USD
New Mexico	324 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	87108 Zip Code	%	New Mexico	U.S.
$199 or Less	159	8.63%, see rank	19.60%	7.76%
$200 to $299	486	26.38%, see rank	24.69%	14.70%
$300 to $499	908	49.29%, see rank	37.15%	34.63%
$500 to $699	222	12.05%, see rank	12.63%	21.16%
$700 or More	67	3.64%, see rank	5.93%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

87108 Zip Code	10.20% of the Total Income
New Mexico	10.00% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	87108 Zip Code	%	New Mexico	U.S.
10% or Less	893	48.48%, see rank	49.80%	40.19%
10% to 20%	555	30.13%, see rank	27.25%	31.47%
20% to 30%	143	7.76%, see rank	9.72%	12.24%
30% to 40%	103	5.59%, see rank	4.52%	5.64%
40% or More	114	6.19%, see rank	6.81%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	87108 Zip Code	New Mexico	U.S.
Total Housing Units	19,079, 100%	907,233	132,741,033
1-unit, Detached	6,789, 35.58%, see rank	64.81%	61.65%
1-unit, Attached	806, 4.22%, see rank	3.71%	5.82%
2 Units	1,080, 5.66%, see rank	1.92%	3.75%
3 or 4 Units	3,612, 18.93%, see rank	3.65%	4.43%
5 to 9 Units	1,763, 9.24%, see rank	2.72%	4.78%
10 or More Units	4,561, 23.91%, see rank	6.53%	13.08%
Mobile Home, Boat, RV, Van, etc.	468, 2.45%, see rank	16.67%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	87108 Zip Code	New Mexico	U.S.
Total Housing Units	19,079, 100%	907,233	132,741,033
1 Room	1,232, 6.46%, see rank	2.62%	1.95%
2 Rooms	1,117, 5.85%, see rank	2.34%	2.48%
3 Rooms	3,925, 20.57%, see rank	7.65%	9.13%
4 Rooms	5,205, 27.28%, see rank	17.57%	16.60%
5 Rooms	3,428, 17.97%, see rank	24.59%	20.41%
6 Rooms	1,945, 10.19%, see rank	20.08%	18.06%
7 Rooms	1,099, 5.76%, see rank	12.20%	12.27%
8 Rooms	365, 1.91%, see rank	6.66%	8.48%
9 Rooms or More	763, 4.00%, see rank	6.29%	10.60%
Median Rooms	4.10, see rank	5.30	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	87108 Zip Code	New Mexico	U.S.
Total Housing Units	19,079, 100%	907,233	132,741,033
No Bedroom	1,377, 7.22%, see rank	2.87%	2.17%
1 Bedroom	5,242, 27.48%, see rank	9.24%	11.16%
2 Bedrooms	7,708, 40.40%, see rank	25.66%	26.69%
3 Bedrooms	3,729, 19.55%, see rank	46.23%	39.70%
4 Bedrooms	837, 4.39%, see rank	13.82%	16.05%
5 or More Bedrooms	186, 0.97%, see rank	2.18%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	87108 Zip Code	New Mexico	U.S.
Total Housing Units	16,994, 100%	764,684	116,211,092
Utility Gas	13,716, 80.71%, see rank	66.93%	48.85%
Bottled, Tank, or LP Gas	178, 1.05%, see rank	8.60%	4.86%
Electricity	2,893, 17.02%, see rank	16.11%	36.68%
Fuel Oil, Kerosene, etc.	0, 0.00%, see rank	0.13%	5.86%
Coal or Coke	0, 0.00%, see rank	0.04%	0.12%
Wood	134, 0.79%, see rank	6.80%	2.12%
Solar Energy	4, 0.02%, see rank	0.26%	0.05%
Other Fuel	33, 0.19%, see rank	0.94%	0.47%
No Fuel Used	36, 0.21%, see rank	0.19%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	87108 Zip Code	New Mexico	U.S.
Occupied Units Paying Rent	11,233, 100%	224,786	39,201,928
$199 or Less	193, 1.72%, see rank	1.92%	1.50%
$200 to $299	241, 2.15%, see rank	3.59%	3.18%
$300 to $499	1,499, 13.34%, see rank	11.64%	7.37%
$500 to $699	5,872, 52.27%, see rank	23.80%	16.01%
$700 to $999	2,168, 19.30%, see rank	31.60%	29.17%
$1,000 to $1,499	1,049, 9.34%, see rank	21.59%	26.88%
$1,500 to $1,999	160, 1.42%, see rank	4.42%	9.79%
$2,000 or More	51, 0.45%, see rank	1.44%	6.10%
Median	$607, see rank	$774	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	87108 Zip Code	New Mexico	U.S.
Occupied Housing Units	16,994, 100%	764,684	116,211,092
No Vehicles Available	3,004, 17.68%, see rank	5.73%	9.12%
1 Vehicles Available	7,703, 45.33%, see rank	33.48%	33.80%
2 Vehicles Available	4,798, 28.23%, see rank	37.82%	37.48%
3 or More Vehicles Available	1,489, 8.76%, see rank	22.97%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.