ZIP 87108
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12-month history
Last updated: October 17, 2026
What the numbers show
November. Asking rents in ZIP 87108 usually run 0.6% below trend in November and 0.6% above it in May, about $12 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 87108 is at its highest level since Zillow's records here began in May 2016.
Rent in ZIP 87108 changed +4.0% 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 87108 rose 50.8% while median household income rose 41.5% ($30,195 to $42,724). Rent outpaced income.
Rent in ZIP 87108 is 55.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 2 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($42,724) is $1,068 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,000); a 2-bedroom is $1,230.
1st cheapest of 16 ZIP codes in Albuquerque.
From Zillow's monthly rent index (ZORI) for ZIP 87108. 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 87108 (Albuquerque, NM) is majority renter-occupied, has a median income below the national average, 34.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 87108 in Albuquerque, NM has changed in 5 years
Rent in ZIP 87108 in Albuquerque, NM has climbed 39.0% since 2021, going from about $692 per month to roughly $962 today. Median household income grew from $31,917 to $42,724 between 2021 and 2024, a 33.9% shift. Rent outpaced income growth by roughly 5.1 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 62.5% of households rent today, against 65.3% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 31.6% to 34.6%. Taken together, the five-year picture in ZIP 87108 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 87108
Last updated: October 17, 2026
ZIP code 87108 covers Albuquerque, NM. The median rent here is $962/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 27% of local median household income ($42,724/yr), ZIP 87108 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.0% over the past year.
Frequently asked questions
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How does ZIP 87108 compare to other ZIPs in New Mexico?
How does ZIP 87108 compare to the rest of Albuquerque?
At $962/mo, rent takes ~27% of ZIP 87108's median household income ($42,724/yr). The standard benchmark is 30%.
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