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ZIP Code · NM

ZIP 87109

Pop. 39,324·Bernalillo County·23rd most expensive ZIP in New Mexico
Median rent (all units)
$1,355/mo
Year-over-Year
-1.2%
Month-over-Month
-0.7%
vs US Median
-$610
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 87109 · $1,355
More affordable than 83% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,100
1 BR
$1,290
2 BR
$1,590
3 BR
$2,210
4 BR+
$2,610
Research median
$1,590/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
$16,260/yr
At $1,355/mo median
Location
StateNM
CountyBernalillo County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 1.2% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-1.2% YoY, -0.7% MoM), not inventory.
Demographics

Who lives here

ZIP 87109 (Albuquerque, NM) is roughly split between renters and owners, has a large retiree population, has a median income below the national average, 43.9% of residents hold a bachelor's degree or higher.

Population
39,324
Median income
$58,900
Median age
42.8
Renters
46.6%
Age distribution
16.6%
23.6%
22.8%
13%
24.1%
Under 1816.6%
18–3423.6%
35–5422.8%
55–6413%
65+24.1%
Gender
46.4%
53.6%
Male46.4%
Female53.6%
Race & ethnicity
56.4%
35.6%
White56.4%
Black3.5%
Hispanic35.6%
Asian4.5%
Education (25+)
17.6%
31.4%
43.9%
No HS diploma7.1%
HS diploma17.6%
Some college31.4%
Bachelor's+43.9%
Housing tenure
53.4%
46.6%
Owner53.4%
Renter46.6%

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

2021 vs 2026

How ZIP 87109 in Albuquerque, NM has changed in 5 years

Income
$49,909 → $58,900
up 18.0%
Population
40,249 → 39,324
down 2.3%
Renter share
49.2% → 46.6%
-2.6 pts
Bachelor's+
42.2% → 43.9%
+1.7 pts
Median age
41.7 → 42.8
+1.1 yrs

Median household income climbed from $49,909 to $58,900 between 2021 and 2024, a 18.0% shift. Census counts show ZIP 87109 in Albuquerque, NM losing about 925 residents over the five-year window, down 2.3% on net. The renter share has eased from 49.2% to 46.6%, with owner-occupied housing accounting for the remainder.

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About renting in ZIP 87109

Last updated: July 20, 2026

ZIP code 87109 covers Albuquerque, NM. The median rent here is $1,355/mo as of July 2026. A 1-bedroom rents for a median of $1,290/mo. A 2-bedroom rents for a median of $1,590/mo.

At 28% of local median household income ($58,900/yr), ZIP 87109 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 87109?

As of July 20, 2026, the median monthly rent in ZIP 87109 (Albuquerque, NM) is $1,355. This is based on aggregated data from public sources and community submissions.

How does ZIP 87109 rent compare to the US average?

ZIP 87109's median rent of $1,355/mo is $610 (31%) below the US national median of $1,965/mo.

How does ZIP 87109 compare to other ZIPs in New Mexico?

ZIP 87109 falls in the middle range for New Mexico, ranking #23 out of 35 ZIPs at $1,355/mo.

How much income do you need to rent in ZIP 87109?

To keep rent at or below 30% of gross income, you would need to earn at least $54,000/year (~$26/hour full-time) to afford the median rent of $1,355/mo in ZIP 87109. The local median household income is $58,900/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 87109?

Rent in ZIP 87109 has decreased 1.2% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 87109 an affordable place to rent?

ZIP 87109 is considered affordable for renters. At $1,355/mo, rent takes approximately 28% of the local median household income ($58,900/yr). The standard benchmark is 30%. ZIP 87109 falls comfortably within that range.

What percentage of ZIP 87109 residents rent vs. own?

According to Census data, approximately 46.6% of ZIP 87109 households are renters, while 53.4% are owner-occupied. ZIP 87109 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 87109 compare to the rest of Albuquerque?

ZIP 87109 is more affordable than Albuquerque overall. At $1,355/mo, it's $131 below the Albuquerque citywide median of $1,486/mo.

When was rent data for ZIP 87109 last updated?

Rent data for ZIP 87109 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
28%
AFFORDABLE

At $1,355/mo, rent takes ~28% of ZIP 87109's median household income ($58,900/yr). The standard benchmark is 30%.

ZIP 87109 28%Benchmark 30%
State income tax1.7–5.9%
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Schools nearby

Public schools near ZIP 87109 (Albuquerque, NM)

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