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ZIP Code · NM

ZIP 87104

Pop. 12,853·Bernalillo County·11th most expensive ZIP in New Mexico
Median rent (all units)
$1,699/mo
Year-over-Year
+35.1%
Month-over-Month
+3.2%
vs US Median
-$266
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 87104 · $1,699
More affordable than 59% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$970
1 BR
$1,140
2 BR
$1,410
3 BR
$1,960
4 BR+
$2,310
Research median
$1,410/mo

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

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$20,388/yr
At $1,699/mo median
Location
StateNM
CountyBernalillo County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 35.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+35.1% YoY, +3.2% MoM), not inventory.
Demographics

Who lives here

ZIP 87104 (Albuquerque, NM) is majority owner-occupied, has a large retiree population, 48.1% of residents hold a bachelor's degree or higher.

Population
12,853
Median income
$75,436
Median age
39.6
Renters
34.7%
Age distribution
24.7%
16%
24.3%
24.4%
Under 1824.7%
18–3416%
35–5424.3%
55–6410.6%
65+24.4%
Gender
49%
51%
Male49%
Female51%
Race & ethnicity
45%
56.6%
White45%
Black3.8%
Hispanic56.6%
Asian1%
Education (25+)
17.2%
29.3%
48.1%
No HS diploma5.5%
HS diploma17.2%
Some college29.3%
Bachelor's+48.1%
Housing tenure
65.3%
34.7%
Owner65.3%
Renter34.7%

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

2021 vs 2026

How ZIP 87104 in Albuquerque, NM has changed in 5 years

Income
$60,343 → $75,436
up 25.0%
Population
13,468 → 12,853
down 4.6%
Renter share
35% → 34.7%
-0.3 pts
Bachelor's+
43.7% → 48.1%
+4.4 pts
Median age
41.2 → 39.6
-1.6 yrs

Census figures show median household income at $75,436 today, compared with $60,343 five years earlier. Headcount in the area went from 13,468 to 12,853 between 2021 and 2024, a 4.6% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 43.7% to 48.1%.

Community

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Local insights

Tips for renters in ZIP 87104

About renting in ZIP 87104

Last updated: July 20, 2026

ZIP code 87104 covers Albuquerque, NM. The median rent here is $1,699/mo as of July 2026. A 1-bedroom rents for a median of $1,140/mo. A 2-bedroom rents for a median of $1,410/mo.

At 27% of local median household income ($75,436/yr), ZIP 87104 ranks as affordable compared to the national benchmark of 30%. Rents have increased 35.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 87104?

As of July 20, 2026, the median monthly rent in ZIP 87104 (Albuquerque, NM) is $1,699. This is based on aggregated data from public sources and community submissions.

How does ZIP 87104 rent compare to the US average?

ZIP 87104's median rent of $1,699/mo is $266 (14%) below the US national median of $1,965/mo.

How does ZIP 87104 compare to other ZIPs in New Mexico?

ZIP 87104 is one of the pricier ZIP codes in New Mexico, ranking #11 out of 35 ZIPs tracked at $1,699/mo.

How much income do you need to rent in ZIP 87104?

To keep rent at or below 30% of gross income, you would need to earn at least $68,000/year (~$33/hour full-time) to afford the median rent of $1,699/mo in ZIP 87104. The local median household income is $75,436/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 87104?

Rent in ZIP 87104 has increased 35.1% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 87104 an affordable place to rent?

ZIP 87104 is considered affordable for renters. At $1,699/mo, rent takes approximately 27% of the local median household income ($75,436/yr). The standard benchmark is 30%. ZIP 87104 falls comfortably within that range.

What percentage of ZIP 87104 residents rent vs. own?

According to Census data, approximately 34.7% of ZIP 87104 households are renters, while 65.3% are owner-occupied. ZIP 87104 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 87104 compare to the rest of Albuquerque?

ZIP 87104 is pricier than Albuquerque as a whole. At $1,699/mo, it's $213 above the Albuquerque citywide median of $1,486/mo.

When was rent data for ZIP 87104 last updated?

Rent data for ZIP 87104 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $1,699/mo, rent takes ~27% of ZIP 87104's median household income ($75,436/yr). The standard benchmark is 30%.

ZIP 87104 27%Benchmark 30%
State income tax1.7–5.9%
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Schools nearby

Public schools near ZIP 87104 (Albuquerque, NM)

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