ZIP Code · NM

ZIP 87102

Part of Albuquerque, NM

Pop. 20,123·Bernalillo County·33rd most expensive ZIP in New Mexico

Median rent (all units)

$1,133/mo

Year-over-Year

+3.3%

Month-over-Month

Stable

vs US Median

-$799

Reported rents

Stable (Monthly)

Be the first to discuss 87102 rents ↓

Most AffordableMost Expensive

ZIP 87102 · $1,133

More affordable than 94% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$940

1 BR

$1,100

2 BR

$1,360

3 BR

$1,890

4 BR+

$2,230

Research median

$1,360/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 87102 is at its highest level since Zillow's records here began in March 2022.

Past year vs. the rest of New Mexico

Rent in ZIP 87102 changed +3.3% over the year to September 2026. Across the 32 New Mexico ZIP codes Zillow tracks, the typical change was +3.2%.

Recent direction

Rent has risen 8 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($42,990) is $1,075 a month. That covers HUD's Fair Market Rent for up to a studio ($940); a 1-bedroom is $1,100.

Rank in Albuquerque

2nd cheapest of 16 ZIP codes in Albuquerque.

Cheaper nearby

ZIP 87108, 4 miles away, rents for 15% less ($962/mo), about $2,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 87102. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$13,596/yr

At $1,133/mo median

Location

CityAlbuquerque

StateNM

CountyBernalillo County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.3% YoY, +0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 87102 (Albuquerque, NM) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 37.1% of residents hold a bachelor's degree or higher.

Population

20,123

Median income

$42,990

Median age

36.7

Renters

64.6%

Age distribution

12.8%

33.6%

27.7%

12.3%

13.6%

Under 1812.8%

18–3433.6%

35–5427.7%

55–6412.3%

65+13.6%

Gender

50.4%

49.6%

Male50.4%

Female49.6%

Race & ethnicity

43.3%

55.8%

White43.3%

Black3.5%

Hispanic55.8%

Asian0.7%

Education (25+)

13.8%

22%

27.1%

37.1%

No HS diploma13.8%

HS diploma22%

Some college27.1%

Bachelor's+37.1%

Housing tenure

35.4%

64.6%

Owner35.4%

Renter64.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How ZIP 87102 in Albuquerque, NM has changed in 5 years

Rent

$928 → $1,133

up 22.1%

Income

$32,575 → $42,990

up 32.0%

Population

19,056 → 20,123

up 5.6%

Renter share

65.6% → 64.6%

-1.0 pts

Bachelor's+

33.4% → 37.1%

+3.7 pts

Median age

35.9 → 36.7

+0.8 yrs

The median rent in ZIP 87102 in Albuquerque, NM stood at $928 in 2022 and currently runs about $1,133, reflecting a 22.1% increase over the period. Census figures show median household income at $42,990 today, compared with $32,575 five years earlier. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 5.6% since 2021, moving from about 19,056 residents to roughly 20,123. College-educated residents now make up 37.1% of adults here, versus 33.4% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.

Community

Discussions about ZIP 87102

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 87102

About renting in ZIP 87102

Last updated: October 17, 2026

ZIP code 87102 covers Albuquerque, NM. The median rent here is $1,133/mo as of October 2026. A 1-bedroom rents for a median of $1,100/mo. A 2-bedroom rents for a median of $1,360/mo.

At 32% of local median household income ($42,990/yr), ZIP 87102 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 87102?

To keep rent at or below 30% of gross income, you would need to earn at least $45,000/year (about $22/hour full-time) to afford the median rent of $1,133/mo in ZIP 87102. The local median household income is $42,990/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 87102?

Rent in ZIP 87102 has risen 3.3% over the past year as of September 2026. That is the highest level since Zillow's records here began in March 2022.

How does ZIP 87102 compare to other ZIPs in New Mexico?

ZIP 87102 is one of the more affordable among New Mexico ZIP codes for rent, ranking #33 of 36 at $1,133/mo. Over the year to September 2026, rent in ZIP 87102 changed +3.3%, against a typical +3.2% across the 32 New Mexico ZIP codes Zillow tracks.