Albuquerque, NM Real Estate
According to census data in the year 2000 there were 198,714 housing units in Albuquerque.
This represents a 19.1% growth from 166,870 in 1990.
Of those housing units, 198,644 were located in either urbanized areas or urban clusters, and 70 were located in what is classified as a rural area.
Homeownership rate in Albuquerque is about 60.4%.
Albuquerque's vacancy rate, including seasonal lodging, is about 7.7%.
Average household size is 2.4 people.
The majority of houses, apartments or condos in Albuquerque were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4.40% |
| One Bedroom | 17% |
| Two Bedrooms | 26.80% |
| Three Bedrooms | 37.20% |
| Four Bedrooms | 13.10% |
| Five Bedrooms or more | 1.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.57 |
| Median year structure was built | 1975 |
| Median Value of occupied units | $127,600 |
| Median Price asked for vacant units | $118,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.13 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $485 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 8.60% |
| Home Equity Loan | 6.70% |
| Simple Mortgage | 59.50% |
| Debt Free | 24.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.1% |
