ZIP 87106
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12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 87106 usually run 0.6% below trend in December and 0.6% above it in July, about $17 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 87106 is at its highest level since Zillow's records here began in May 2016.
Rent in ZIP 87106 changed +3.5% over the year to September 2026. Across the 32 New Mexico ZIP codes Zillow tracks, the typical change was +3.2%.
From 2019 to 2024, rent in ZIP 87106 rose 50.9% while median household income rose 25% ($39,822 to $49,781). Rent outpaced income.
Rent in ZIP 87106 is 51.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 8 of the last 12 months.
30% of the median household income ($49,781) is $1,245 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,130); a 2-bedroom is $1,390.
7th cheapest of 16 ZIP codes in Albuquerque.
ZIP 87102, 2 miles away, rents for 20% less ($1,133/mo), about $3,300 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 87106. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 87106 (Albuquerque, NM) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 52.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 87106 in Albuquerque, NM has changed in 5 years
Across the past five years, the going rent in ZIP 87106 in Albuquerque, NM has shifted from $1,021 to $1,409, up 38.0% since 2021. Census figures show median household income at $49,781 today, compared with $46,391 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 87106 in Albuquerque, NM adding about 1,109 residents over the five-year window, up 4.3% on net. The renter share has risen from 57.9% to 61.5%, with owner-occupied housing accounting for the remainder. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
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Tips for renters in ZIP 87106
Last updated: October 17, 2026
ZIP code 87106 covers Albuquerque, NM. The median rent here is $1,409/mo as of October 2026. A 1-bedroom rents for a median of $1,130/mo. A 2-bedroom rents for a median of $1,390/mo.
At 34% of local median household income ($49,781/yr), ZIP 87106 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.5% over the past year.
Frequently asked questions
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How does ZIP 87106 compare to the rest of Albuquerque?
At $1,409/mo, rent takes ~34% of ZIP 87106's median household income ($49,781/yr). The standard benchmark is 30%.
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