Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$347,674+1.7% YoY · prices are rising
Market right nowBalanced marketMore homes for sale than last year, 24% have cut their price
Income needed to buy, per year$75,368About 1.0× the local median income ($72,986): a stretch for a typical household
Days on market66 daysAbout the same pace as a year ago
Next 12 months+2.4%Zillow expects prices to rise slightly
The typical home in Bernalillo County, NM is worth $347,674, up 1.7% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $319,629, so the area is 8.8% overvalued. It is a balanced market: homes take about 66 days to sell, listings are up 8% from a year ago, 24% of listings have had a price cut. Zillow expects prices to rise about 2.4% over the next year. A household needs about $75,368 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,986. Typical rent is $1,452 a month, or $2,125 for a house. In the latest IRS figures, 2,779 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$347,674
Change in 1 year
+1.7%
Overvalued %
+8.8%
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Fair home value
$319,629
Change in 5 years
+28.7%
Zillow forecast, next 12 months
+2.4%
Home value to income
4.8×
Monthly mortgage payment (20% down)
$1,884
Income needed to afford it
$75,368
Property tax rate
0.90%
Rent and investing
Typical rent
$1,452
Typical rent for houses
$2,125
Price-to-rent ratio
19.9×
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HUD Fair Market Rent, 2 bedrooms
$1,384
Gross rental yield
5.01%
Cap rate (estimate)
3.26%
Market activity
Listings vs a year ago
+8.2%
Days on market
66
Listings with a price cut
23.9%
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Homes for sale
1,420
Pending sales per 100 listings
42
Asking price per sq ft
$225
People and jobs
Median household income
$72,986
Population change (1 year)
−0.4%
Unemployment rate
5.3%
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Population
667,601
Income adjusted for cost of living
$76,425
Net moves in (IRS)
−2,779
Cost of living (US = 100)
95.5
Schools, risk and environment
School rating (1 to 10)
5.8
FEMA hazard risk score (0 to 100)
94.4
Unhealthy air days a year
21
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Flood risk score
96.3
Wildfire risk score
95.0
Walkability (1 to 20)
12.0
Road, rail and air noise
54 dB
Questions people ask
Is Bernalillo County, NM overvalued?
Home prices in Bernalillo County, NM are slightly above what local incomes have historically supported: fair value is about $319,629, so the area is 8.8% overvalued.
Is Bernalillo County, NM a buyer's or seller's market?
Bernalillo County, NM is a balanced market: homes take about 66 days to sell, listings are up 8% from a year ago, 24% of listings have had a price cut.
Are home prices going down in Bernalillo County, NM?
Home values in Bernalillo County, NM are up 1.7% over the last year. Zillow's forecast for the next 12 months is +2.4%.
How much do you need to earn to buy a home in Bernalillo County, NM?
A household needs about $75,368 a year to afford the typical home in Bernalillo County, NM at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,986.