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ZIP Code · NM

ZIP 87107

Pop. 27,566·Bernalillo County·30th most expensive ZIP in New Mexico
Median rent (all units)
$1,202/mo
Year-over-Year
+2.4%
Month-over-Month
-3.1%
vs US Median
-$763
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 87107 · $1,202
More affordable than 92% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$850
1 BR
$1,000
2 BR
$1,230
3 BR
$1,710
4 BR+
$2,020
Research median
$1,230/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
$14,424/yr
At $1,202/mo median
Location
StateNM
CountyBernalillo County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (up only 2.4% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+2.4% YoY, -3.1% MoM), not inventory.
Demographics

Who lives here

ZIP 87107 (Albuquerque, NM) is majority owner-occupied, has a large retiree population, has a median income below the national average, 41.7% of residents hold a bachelor's degree or higher.

Population
27,566
Median income
$61,672
Median age
45.2
Renters
34.4%
Age distribution
16.8%
21.5%
22.3%
16%
23.4%
Under 1816.8%
18–3421.5%
35–5422.3%
55–6416%
65+23.4%
Gender
50.7%
49.3%
Male50.7%
Female49.3%
Race & ethnicity
55.1%
50.4%
White55.1%
Black3.3%
Hispanic50.4%
Asian0.7%
Education (25+)
22%
27.9%
41.7%
No HS diploma8.4%
HS diploma22%
Some college27.9%
Bachelor's+41.7%
Housing tenure
65.6%
34.4%
Owner65.6%
Renter34.4%

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

2021 vs 2026

How ZIP 87107 in Albuquerque, NM has changed in 5 years

Rent
$875 → $1,202
up 37.4%
Income
$53,888 → $61,672
up 14.4%
Population
27,981 → 27,566
down 1.5%
Renter share
36.8% → 34.4%
-2.4 pts
Bachelor's+
36.1% → 41.7%
+5.6 pts
Median age
44.3 → 45.2
+0.9 yrs

Since 2021, the typical rent in ZIP 87107 in Albuquerque, NM has climbed from $875 to $1,202, a 37.4% change over five years. Median household income rose from $53,888 to $61,672 between 2021 and 2024, a 14.4% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 1.5% since 2021, moving from about 27,981 residents to roughly 27,566. Renters now make up 34.4% of households, compared with 36.8% five years ago. College-educated residents now make up 41.7% of adults here, versus 36.1% in 2021. Taken together, the five-year picture in ZIP 87107 in Albuquerque, NM reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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Local insights

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About renting in ZIP 87107

Last updated: July 20, 2026

ZIP code 87107 covers Albuquerque, NM. The median rent here is $1,202/mo as of July 2026. A 1-bedroom rents for a median of $1,000/mo. A 2-bedroom rents for a median of $1,230/mo.

At 23% of local median household income ($61,672/yr), ZIP 87107 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 87107?

As of July 20, 2026, the median monthly rent in ZIP 87107 (Albuquerque, NM) is $1,202. This is based on aggregated data from public sources and community submissions.

How does ZIP 87107 rent compare to the US average?

ZIP 87107's median rent of $1,202/mo is $763 (39%) below the US national median of $1,965/mo.

How does ZIP 87107 compare to other ZIPs in New Mexico?

ZIP 87107 is among the more affordable ZIP codes in New Mexico, ranking #30 out of 35 ZIPs at $1,202/mo.

How much income do you need to rent in ZIP 87107?

To keep rent at or below 30% of gross income, you would need to earn at least $48,000/year (~$23/hour full-time) to afford the median rent of $1,202/mo in ZIP 87107. The local median household income is $61,672/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 87107?

Rent in ZIP 87107 has increased 2.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 87107 an affordable place to rent?

ZIP 87107 is considered very affordable for renters. At $1,202/mo, rent takes approximately 23% of the local median household income ($61,672/yr). The standard benchmark is 30%. ZIP 87107 falls comfortably within that range.

What percentage of ZIP 87107 residents rent vs. own?

According to Census data, approximately 34.4% of ZIP 87107 households are renters, while 65.6% are owner-occupied. ZIP 87107 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 87107 compare to the rest of Albuquerque?

ZIP 87107 is more affordable than Albuquerque overall. At $1,202/mo, it's $284 below the Albuquerque citywide median of $1,486/mo.

When was rent data for ZIP 87107 last updated?

Rent data for ZIP 87107 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,202/mo, rent takes ~23% of ZIP 87107's median household income ($61,672/yr). The standard benchmark is 30%.

ZIP 87107 23%Benchmark 30%
State income tax1.7–5.9%
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Public schools near ZIP 87107 (Albuquerque, NM)

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