ZIP 87107
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12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 87107 usually run 0.5% below trend in December and 0.5% above it in October, about $12 a month apart at today's median. Based on 8 years of data.
Rent in ZIP 87107 is 0.1% below its high of $1,246 in August 2026, at $1,245 as of September 2026.
Rent in ZIP 87107 changed +1.8% 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 87107 rose 54.9% while median household income rose 24.4% ($49,566 to $61,672). Rent outpaced income.
Rent in ZIP 87107 is 56.2% 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 ($61,672) is $1,542 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,230); a 3-bedroom is $1,710.
4th cheapest of 16 ZIP codes in Albuquerque.
ZIP 87108, 6 miles away, rents for 23% less ($962/mo), about $3,400 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 87107. 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 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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 87107 in Albuquerque, NM has changed in 5 years
Since 2021, the typical rent in ZIP 87107 in Albuquerque, NM has climbed from $877 to $1,245, a 42.0% 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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Tips for renters in ZIP 87107
Last updated: October 17, 2026
ZIP code 87107 covers Albuquerque, NM. The median rent here is $1,245/mo as of October 2026. A 1-bedroom rents for a median of $1,000/mo. A 2-bedroom rents for a median of $1,230/mo.
At 24% of local median household income ($61,672/yr), ZIP 87107 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.8% over the past year.
Frequently asked questions
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How does ZIP 87107 compare to other ZIPs in New Mexico?
How does ZIP 87107 compare to the rest of Albuquerque?
At $1,245/mo, rent takes ~24% of ZIP 87107's median household income ($61,672/yr). The standard benchmark is 30%.
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