USA.com / New Mexico / Bernalillo County / Albuquerque, NM / 87111 / Housing

87111 Zip Code Housing

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As of 2010-2014, median price of a house in 87111 Zip Code is $244,400, which is higher than the state average of $159,300 and is higher than the national average of $175,700. The 87111 Zip Code median house value has grown by 55.37% since 2000. The growth rate for the price of a house in 87111 Zip Code is higher than the state average rate of 47.36% and is higher than the national average rate of 46.91%. The median year that a house in 87111 Zip Code was built is 1982, which is about the same as the median year for a house built in the state which is 1981 and is newer 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 15,766 Owner Occupied Houses in 87111 Zip Code, see rank

87111 Zip Code	244,400 USD
New Mexico	159,300 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, see rank

87111 Zip Code	55.37%
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

	87111 Zip Code	New Mexico	U.S.
Total Housing Units	27,666, see rank, 100%	907,233	132,741,033
Occupied Housing Units	26,070, 94.23%, see rank	84.29%	87.55%
Owner Occupied	15,766, 56.99%, see rank	57.46%	56.34%
Renter Occupied	10,304, 37.24%, see rank	26.83%	31.21%
Vacant Housing Units	1,596, 5.77%, see rank	15.71%	12.45%
For Rent	725, 2.62%, see rank	2.38%	2.34%
For Sale Only	131, 0.47%, see rank	1.36%	1.20%
Rented or Sold, Not Occupied	182, 0.66%, see rank	0.84%	0.92%
For Seasonal, Recreational, or Occasional Use	275, 0.99%, see rank	5.69%	3.97%
For Migrant Workers	45, 0.16%, see rank	0.11%	0.03%
Other Vacant	238, 0.86%, see rank	5.34%	4.00%

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

Year Structure Built

Median Built Year, #125

87111 Zip Code	New Mexico	U.S.
1982	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

	87111 Zip Code	%	New Mexico	U.S.
Owner-Occupied Units	15,766	100%	521,278	74,787,460
With a Mortgage	10,486	66.51%, see rank	58.53%	65.58%
Without a Mortgage	5,280	33.49%, 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

87111 Zip Code	1,573 USD
New Mexico	1,242 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	87111 Zip Code	%	New Mexico	U.S.
$299 or Less	5	0.05%, see rank	0.22%	0.20%
$300 to $499	85	0.81%, see rank	2.56%	1.59%
$500 to $699	322	3.07%, see rank	8.36%	5.01%
$700 to $999	998	9.52%, see rank	20.68%	14.32%
$1,000 to $1,499	3,388	32.31%, see rank	34.20%	27.90%
$1,500 to $1,999	2,775	26.46%, see rank	18.89%	20.35%
$2,000 to $2,999	1,999	19.06%, see rank	11.36%	19.52%
$3,000 or More	914	8.72%, see rank	3.72%	11.12%

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

87111 Zip Code	22.60% 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

	87111 Zip Code	%	New Mexico	U.S.
10% or Less	711	6.78%, see rank	7.26%	5.86%
10% to 20%	3,734	35.61%, see rank	32.85%	31.95%
20% to 30%	2,592	24.72%, see rank	25.70%	27.64%
30% to 40%	1,403	13.38%, see rank	12.87%	13.74%
40% or More	1,955	18.64%, 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

87111 Zip Code	453 USD
New Mexico	324 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	87111 Zip Code	%	New Mexico	U.S.
$199 or Less	163	3.09%, see rank	19.60%	7.76%
$200 to $299	492	9.32%, see rank	24.69%	14.70%
$300 to $499	2,577	48.81%, see rank	37.15%	34.63%
$500 to $699	1,209	22.90%, see rank	12.63%	21.16%
$700 or More	839	15.89%, see rank	5.93%	21.75%

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

87111 Zip Code	10.00% 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

	87111 Zip Code	%	New Mexico	U.S.
10% or Less	2,902	54.96%, see rank	49.80%	40.19%
10% to 20%	1,277	24.19%, see rank	27.25%	31.47%
20% to 30%	578	10.95%, see rank	9.72%	12.24%
30% to 40%	133	2.52%, see rank	4.52%	5.64%
40% or More	305	5.78%, 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

	87111 Zip Code	New Mexico	U.S.
Total Housing Units	27,666, 100%	907,233	132,741,033
1-unit, Detached	15,831, 57.22%, see rank	64.81%	61.65%
1-unit, Attached	2,523, 9.12%, see rank	3.71%	5.82%
2 Units	242, 0.87%, see rank	1.92%	3.75%
3 or 4 Units	1,522, 5.50%, see rank	3.65%	4.43%
5 to 9 Units	2,081, 7.52%, see rank	2.72%	4.78%
10 or More Units	5,363, 19.38%, see rank	6.53%	13.08%
Mobile Home, Boat, RV, Van, etc.	104, 0.38%, see rank	16.67%	6.49%

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

Rooms

	87111 Zip Code	New Mexico	U.S.
Total Housing Units	27,666, 100%	907,233	132,741,033
1 Room	209, 0.76%, see rank	2.62%	1.95%
2 Rooms	503, 1.82%, see rank	2.34%	2.48%
3 Rooms	3,004, 10.86%, see rank	7.65%	9.13%
4 Rooms	5,235, 18.92%, see rank	17.57%	16.60%
5 Rooms	4,462, 16.13%, see rank	24.59%	20.41%
6 Rooms	4,425, 15.99%, see rank	20.08%	18.06%
7 Rooms	3,547, 12.82%, see rank	12.20%	12.27%
8 Rooms	3,263, 11.79%, see rank	6.66%	8.48%
9 Rooms or More	3,018, 10.91%, see rank	6.29%	10.60%
Median Rooms	5.60, see rank	5.30	5.50

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

Bedrooms

	87111 Zip Code	New Mexico	U.S.
Total Housing Units	27,666, 100%	907,233	132,741,033
No Bedroom	209, 0.76%, see rank	2.87%	2.17%
1 Bedroom	3,823, 13.82%, see rank	9.24%	11.16%
2 Bedrooms	7,075, 25.57%, see rank	25.66%	26.69%
3 Bedrooms	10,070, 36.40%, see rank	46.23%	39.70%
4 Bedrooms	5,608, 20.27%, see rank	13.82%	16.05%
5 or More Bedrooms	881, 3.18%, see rank	2.18%	4.22%

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

House Heating Fuel

	87111 Zip Code	New Mexico	U.S.
Total Housing Units	26,070, 100%	764,684	116,211,092
Utility Gas	21,968, 84.27%, see rank	66.93%	48.85%
Bottled, Tank, or LP Gas	241, 0.92%, see rank	8.60%	4.86%
Electricity	3,686, 14.14%, 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	124, 0.48%, see rank	6.80%	2.12%
Solar Energy	11, 0.04%, see rank	0.26%	0.05%
Other Fuel	12, 0.05%, see rank	0.94%	0.47%
No Fuel Used	28, 0.11%, see rank	0.19%	1.00%

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

Gross Rent

Monthly Rental	87111 Zip Code	New Mexico	U.S.
Occupied Units Paying Rent	10,105, 100%	224,786	39,201,928
$199 or Less	59, 0.58%, see rank	1.92%	1.50%
$200 to $299	88, 0.87%, see rank	3.59%	3.18%
$300 to $499	112, 1.11%, see rank	11.64%	7.37%
$500 to $699	1,283, 12.70%, see rank	23.80%	16.01%
$700 to $999	4,064, 40.22%, see rank	31.60%	29.17%
$1,000 to $1,499	3,397, 33.62%, see rank	21.59%	26.88%
$1,500 to $1,999	692, 6.85%, see rank	4.42%	9.79%
$2,000 or More	410, 4.06%, see rank	1.44%	6.10%
Median	$942, see rank	$774	$920

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

Vehicle Available

	87111 Zip Code	New Mexico	U.S.
Occupied Housing Units	26,070, 100%	764,684	116,211,092
No Vehicles Available	1,256, 4.82%, see rank	5.73%	9.12%
1 Vehicles Available	10,709, 41.08%, see rank	33.48%	33.80%
2 Vehicles Available	9,874, 37.87%, see rank	37.82%	37.48%
3 or More Vehicles Available	4,231, 16.23%, see rank	22.97%	19.61%

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