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ZIP Code · NM

ZIP 87106

Pop. 26,953·Bernalillo County·22nd most expensive ZIP in New Mexico
Median rent (all units)
$1,425/mo
Year-over-Year
+17.5%
Month-over-Month
+1.8%
vs US Median
-$540
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 87106 · $1,425
More affordable than 79% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$960
1 BR
$1,130
2 BR
$1,390
3 BR
$1,930
4 BR+
$2,280
Research median
$1,390/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
$17,100/yr
At $1,425/mo median
Location
StateNM
CountyBernalillo County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 17.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+17.5% YoY, +1.8% MoM), not inventory.
Demographics

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.

Population
26,953
Median income
$49,781
Median age
32
Renters
61.5%
Age distribution
14.6%
40.5%
20.1%
14%
Under 1814.6%
18–3440.5%
35–5420.1%
55–6410.8%
65+14%
Gender
51.2%
48.8%
Male51.2%
Female48.8%
Race & ethnicity
54.9%
39.5%
White54.9%
Black4.6%
Hispanic39.5%
Asian3.1%
Education (25+)
16.4%
23%
52.7%
No HS diploma7.9%
HS diploma16.4%
Some college23%
Bachelor's+52.7%
Housing tenure
38.5%
61.5%
Owner38.5%
Renter61.5%

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

2021 vs 2026

How ZIP 87106 in Albuquerque, NM has changed in 5 years

Rent
$990 → $1,425
up 43.9%
Income
$46,391 → $49,781
up 7.3%
Population
25,844 → 26,953
up 4.3%
Renter share
57.9% → 61.5%
+3.6 pts
Bachelor's+
54.3% → 52.7%
-1.6 pts

Across the past five years, the going rent in ZIP 87106 in Albuquerque, NM has shifted from $990 to $1,425, up 43.9% 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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Local insights

Tips for renters in ZIP 87106

About renting in ZIP 87106

Last updated: July 20, 2026

ZIP code 87106 covers Albuquerque, NM. The median rent here is $1,425/mo as of July 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 17.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 87106?

As of July 20, 2026, the median monthly rent in ZIP 87106 (Albuquerque, NM) is $1,425. This is based on aggregated data from public sources and community submissions.

How does ZIP 87106 rent compare to the US average?

ZIP 87106's median rent of $1,425/mo is $540 (27%) below the US national median of $1,965/mo.

How does ZIP 87106 compare to other ZIPs in New Mexico?

ZIP 87106 falls in the middle range for New Mexico, ranking #22 out of 35 ZIPs at $1,425/mo.

How much income do you need to rent in ZIP 87106?

To keep rent at or below 30% of gross income, you would need to earn at least $57,000/year (~$27/hour full-time) to afford the median rent of $1,425/mo in ZIP 87106. The local median household income is $49,781/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 87106?

Rent in ZIP 87106 has increased 17.5% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 87106 an affordable place to rent?

ZIP 87106 is considered moderate for renters. At $1,425/mo, rent takes approximately 34% of the local median household income ($49,781/yr). The standard benchmark is 30%. ZIP 87106 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 87106 residents rent vs. own?

According to Census data, approximately 61.5% of ZIP 87106 households are renters, while 38.5% are owner-occupied. With a majority renter population, ZIP 87106 has a strong rental market.

How does ZIP 87106 compare to the rest of Albuquerque?

ZIP 87106 is more affordable than Albuquerque overall. At $1,425/mo, it's $61 below the Albuquerque citywide median of $1,486/mo.

When was rent data for ZIP 87106 last updated?

Rent data for ZIP 87106 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
34%
MODERATE

At $1,425/mo, rent takes ~34% of ZIP 87106's median household income ($49,781/yr). The standard benchmark is 30%.

ZIP 87106 34%Benchmark 30%
State income tax1.7–5.9%
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Public schools near ZIP 87106 (Albuquerque, NM)

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