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ZIP Code · NM

ZIP 87108

Pop. 36,331·Bernalillo County·33rd most expensive ZIP in New Mexico
Median rent (all units)
$1,019/mo
Year-over-Year
-2.0%
Month-over-Month
+3.9%
vs US Median
-$946
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 87108 · $1,019
More affordable than 97% 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
$12,228/yr
At $1,019/mo median
Location
StateNM
CountyBernalillo County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (2.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (-2.0% YoY, +3.9% MoM), not inventory.
Demographics

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.

Population
36,331
Median income
$42,724
Median age
37.6
Renters
62.5%
Age distribution
20.2%
25%
24%
13.6%
17.2%
Under 1820.2%
18–3425%
35–5424%
55–6413.6%
65+17.2%
Gender
52.8%
47.2%
Male52.8%
Female47.2%
Race & ethnicity
44.7%
49.2%
White44.7%
Black5.5%
Hispanic49.2%
Asian3.4%
Education (25+)
14.4%
25.2%
25.9%
34.6%
No HS diploma14.4%
HS diploma25.2%
Some college25.9%
Bachelor's+34.6%
Housing tenure
37.5%
62.5%
Owner37.5%
Renter62.5%

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

2021 vs 2026

How ZIP 87108 in Albuquerque, NM has changed in 5 years

Rent
$755 → $1,019
up 35.0%
Income
$31,917 → $42,724
up 33.9%
Population
36,433 → 36,331
down 0.3%
Renter share
65.3% → 62.5%
-2.8 pts
Bachelor's+
31.6% → 34.6%
+3.0 pts

Rent in ZIP 87108 in Albuquerque, NM has climbed 35.0% since 2021, going from about $755 per month to roughly $1,019 today. Median household income grew from $31,917 to $42,724 between 2021 and 2024, a 33.9% shift. 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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Local insights

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About renting in ZIP 87108

Last updated: July 20, 2026

ZIP code 87108 covers Albuquerque, NM. The median rent here is $1,019/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 29% of local median household income ($42,724/yr), ZIP 87108 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 2.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 87108?

As of July 20, 2026, the median monthly rent in ZIP 87108 (Albuquerque, NM) is $1,019. This is based on aggregated data from public sources and community submissions.

How does ZIP 87108 rent compare to the US average?

ZIP 87108's median rent of $1,019/mo is $946 (48%) below the US national median of $1,965/mo.

How does ZIP 87108 compare to other ZIPs in New Mexico?

ZIP 87108 is among the more affordable ZIP codes in New Mexico, ranking #33 out of 35 ZIPs at $1,019/mo.

How much income do you need to rent in ZIP 87108?

To keep rent at or below 30% of gross income, you would need to earn at least $41,000/year (~$20/hour full-time) to afford the median rent of $1,019/mo in ZIP 87108. The local median household income is $42,724/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 87108?

Rent in ZIP 87108 has decreased 2.0% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 87108 an affordable place to rent?

ZIP 87108 is considered affordable for renters. At $1,019/mo, rent takes approximately 29% of the local median household income ($42,724/yr). The standard benchmark is 30%. ZIP 87108 falls comfortably within that range.

What percentage of ZIP 87108 residents rent vs. own?

According to Census data, approximately 62.5% of ZIP 87108 households are renters, while 37.5% are owner-occupied. With a majority renter population, ZIP 87108 has a strong rental market.

How does ZIP 87108 compare to the rest of Albuquerque?

ZIP 87108 is more affordable than Albuquerque overall. At $1,019/mo, it's $467 below the Albuquerque citywide median of $1,486/mo.

When was rent data for ZIP 87108 last updated?

Rent data for ZIP 87108 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
29%
AFFORDABLE

At $1,019/mo, rent takes ~29% of ZIP 87108's median household income ($42,724/yr). The standard benchmark is 30%.

ZIP 87108 29%Benchmark 30%
State income tax1.7–5.9%
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Schools nearby

Public schools near ZIP 87108 (Albuquerque, NM)

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