USA.com / New Mexico / Albuquerque, NM / 87122 / Housing

87122 Zip Code Housing

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As of 2010-2014, median price of a house in 87122 Zip Code is $460,600, which is much higher than the state average of $159,300 and is much higher than the national average of $175,700. The 87122 Zip Code median house value has grown by 72.51% since 2000. The growth rate for the price of a house in 87122 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 87122 Zip Code was built is 1995, which is newer than 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 6,012 Owner Occupied Houses in 87122 Zip Code, see rank

87122 Zip Code	460,600 USD
New Mexico	159,300 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, see rank

87122 Zip Code	72.51%
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

	87122 Zip Code	New Mexico	U.S.
Total Housing Units	7,238, see rank, 100%	907,233	132,741,033
Occupied Housing Units	6,921, 95.62%, see rank	84.29%	87.55%
Owner Occupied	6,012, 83.06%, see rank	57.46%	56.34%
Renter Occupied	909, 12.56%, see rank	26.83%	31.21%
Vacant Housing Units	317, 4.38%, see rank	15.71%	12.45%
For Rent	23, 0.32%, see rank	2.38%	2.34%
For Sale Only	77, 1.06%, see rank	1.36%	1.20%
Rented or Sold, Not Occupied	23, 0.32%, see rank	0.84%	0.92%
For Seasonal, Recreational, or Occasional Use	142, 1.96%, see rank	5.69%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.11%	0.03%
Other Vacant	52, 0.72%, see rank	5.34%	4.00%

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

Year Structure Built

Median Built Year, #15

87122 Zip Code	New Mexico	U.S.
1995	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

	87122 Zip Code	%	New Mexico	U.S.
Owner-Occupied Units	6,012	100%	521,278	74,787,460
With a Mortgage	4,409	73.34%, see rank	58.53%	65.58%
Without a Mortgage	1,603	26.66%, 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

87122 Zip Code	2,437 USD
New Mexico	1,242 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	87122 Zip Code	%	New Mexico	U.S.
$299 or Less	0	0.00%, see rank	0.22%	0.20%
$300 to $499	27	0.61%, see rank	2.56%	1.59%
$500 to $699	13	0.29%, see rank	8.36%	5.01%
$700 to $999	84	1.91%, see rank	20.68%	14.32%
$1,000 to $1,499	473	10.73%, see rank	34.20%	27.90%
$1,500 to $1,999	887	20.12%, see rank	18.89%	20.35%
$2,000 to $2,999	1,549	35.13%, see rank	11.36%	19.52%
$3,000 or More	1,376	31.21%, see rank	3.72%	11.12%

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

87122 Zip Code	23.20% 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

	87122 Zip Code	%	New Mexico	U.S.
10% or Less	339	7.69%, see rank	7.26%	5.86%
10% to 20%	1,382	31.34%, see rank	32.85%	31.95%
20% to 30%	1,236	28.03%, see rank	25.70%	27.64%
30% to 40%	582	13.20%, see rank	12.87%	13.74%
40% or More	851	19.30%, 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

87122 Zip Code	583 USD
New Mexico	324 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	87122 Zip Code	%	New Mexico	U.S.
$199 or Less	18	1.12%, see rank	19.60%	7.76%
$200 to $299	88	5.49%, see rank	24.69%	14.70%
$300 to $499	372	23.21%, see rank	37.15%	34.63%
$500 to $699	546	34.06%, see rank	12.63%	21.16%
$700 or More	579	36.12%, see rank	5.93%	21.75%

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

87122 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

	87122 Zip Code	%	New Mexico	U.S.
10% or Less	1,040	64.88%, see rank	49.80%	40.19%
10% to 20%	361	22.52%, see rank	27.25%	31.47%
20% to 30%	74	4.62%, see rank	9.72%	12.24%
30% to 40%	20	1.25%, see rank	4.52%	5.64%
40% or More	56	3.49%, 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

	87122 Zip Code	New Mexico	U.S.
Total Housing Units	7,238, 100%	907,233	132,741,033
1-unit, Detached	6,444, 89.03%, see rank	64.81%	61.65%
1-unit, Attached	179, 2.47%, see rank	3.71%	5.82%
2 Units	0, 0.00%, see rank	1.92%	3.75%
3 or 4 Units	267, 3.69%, see rank	3.65%	4.43%
5 to 9 Units	135, 1.87%, see rank	2.72%	4.78%
10 or More Units	182, 2.51%, see rank	6.53%	13.08%
Mobile Home, Boat, RV, Van, etc.	31, 0.43%, see rank	16.67%	6.49%

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

Rooms

	87122 Zip Code	New Mexico	U.S.
Total Housing Units	7,238, 100%	907,233	132,741,033
1 Room	23, 0.32%, see rank	2.62%	1.95%
2 Rooms	46, 0.64%, see rank	2.34%	2.48%
3 Rooms	197, 2.72%, see rank	7.65%	9.13%
4 Rooms	475, 6.56%, see rank	17.57%	16.60%
5 Rooms	650, 8.98%, see rank	24.59%	20.41%
6 Rooms	1,275, 17.62%, see rank	20.08%	18.06%
7 Rooms	1,421, 19.63%, see rank	12.20%	12.27%
8 Rooms	1,501, 20.74%, see rank	6.66%	8.48%
9 Rooms or More	1,650, 22.80%, see rank	6.29%	10.60%
Median Rooms	7.20, see rank	5.30	5.50

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

Bedrooms

	87122 Zip Code	New Mexico	U.S.
Total Housing Units	7,238, 100%	907,233	132,741,033
No Bedroom	23, 0.32%, see rank	2.87%	2.17%
1 Bedroom	232, 3.21%, see rank	9.24%	11.16%
2 Bedrooms	716, 9.89%, see rank	25.66%	26.69%
3 Bedrooms	2,910, 40.20%, see rank	46.23%	39.70%
4 Bedrooms	2,679, 37.01%, see rank	13.82%	16.05%
5 or More Bedrooms	678, 9.37%, see rank	2.18%	4.22%

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

House Heating Fuel

	87122 Zip Code	New Mexico	U.S.
Total Housing Units	6,921, 100%	764,684	116,211,092
Utility Gas	5,790, 83.66%, see rank	66.93%	48.85%
Bottled, Tank, or LP Gas	316, 4.57%, see rank	8.60%	4.86%
Electricity	675, 9.75%, 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	63, 0.91%, see rank	6.80%	2.12%
Solar Energy	31, 0.45%, see rank	0.26%	0.05%
Other Fuel	46, 0.66%, see rank	0.94%	0.47%
No Fuel Used	0, 0.00%, see rank	0.19%	1.00%

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

Gross Rent

Monthly Rental	87122 Zip Code	New Mexico	U.S.
Occupied Units Paying Rent	858, 100%	224,786	39,201,928
$199 or Less	0, 0.00%, see rank	1.92%	1.50%
$200 to $299	0, 0.00%, see rank	3.59%	3.18%
$300 to $499	0, 0.00%, see rank	11.64%	7.37%
$500 to $699	23, 2.68%, see rank	23.80%	16.01%
$700 to $999	136, 15.85%, see rank	31.60%	29.17%
$1,000 to $1,499	397, 46.27%, see rank	21.59%	26.88%
$1,500 to $1,999	200, 23.31%, see rank	4.42%	9.79%
$2,000 or More	102, 11.89%, see rank	1.44%	6.10%
Median	$1,372, see rank	$774	$920

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

Vehicle Available

	87122 Zip Code	New Mexico	U.S.
Occupied Housing Units	6,921, 100%	764,684	116,211,092
No Vehicles Available	138, 1.99%, see rank	5.73%	9.12%
1 Vehicles Available	1,398, 20.20%, see rank	33.48%	33.80%
2 Vehicles Available	2,963, 42.81%, see rank	37.82%	37.48%
3 or More Vehicles Available	2,422, 34.99%, see rank	22.97%	19.61%

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