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ZIP Code · NM

ZIP 87112

Pop. 44,250·Bernalillo County·25th most expensive ZIP in New Mexico
Median rent (all units)
$1,349/mo
Year-over-Year
-4.3%
Month-over-Month
-4.0%
vs US Median
-$616
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 87112 · $1,349
More affordable than 84% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$980
1 BR
$1,150
2 BR
$1,420
3 BR
$1,970
4 BR+
$2,330
Research median
$1,420/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
$16,188/yr
At $1,349/mo median
Location
StateNM
CountyBernalillo County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 4.3% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-4.3% YoY, -4.0% MoM), not inventory.
Demographics

Who lives here

ZIP 87112 (Albuquerque, NM) is majority owner-occupied, has a large retiree population, 38.7% of residents hold a bachelor's degree or higher.

Population
44,250
Median income
$73,937
Median age
40
Renters
36.9%
Age distribution
18.7%
23%
25.3%
12.9%
20.1%
Under 1818.7%
18–3423%
35–5425.3%
55–6412.9%
65+20.1%
Gender
46%
54%
Male46%
Female54%
Race & ethnicity
62.3%
37%
White62.3%
Black2.9%
Hispanic37%
Asian2.8%
Education (25+)
20.4%
34.8%
38.7%
No HS diploma6.1%
HS diploma20.4%
Some college34.8%
Bachelor's+38.7%
Housing tenure
63.1%
36.9%
Owner63.1%
Renter36.9%

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

2021 vs 2026

How ZIP 87112 in Albuquerque, NM has changed in 5 years

Rent
$1,050 → $1,349
up 28.5%
Income
$58,791 → $73,937
up 25.8%
Population
41,818 → 44,250
up 5.8%
Renter share
40.2% → 36.9%
-3.3 pts
Bachelor's+
34.9% → 38.7%
+3.8 pts

Five years ago, renters in ZIP 87112 in Albuquerque, NM paid around $1,050 a month. That figure now sits near $1,349, up 28.5% from the 2021 baseline. Local incomes tracked alongside that move, going from a median of $58,791 in 2021 to $73,937 more recently. Census counts show ZIP 87112 in Albuquerque, NM adding about 2,432 residents over the five-year window, up 5.8% on net. The renter share has eased from 40.2% to 36.9%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 34.9% to 38.7% across the same window. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 87112 in Albuquerque, NM market of 2021.

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Local insights

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About renting in ZIP 87112

Last updated: July 20, 2026

ZIP code 87112 covers Albuquerque, NM. The median rent here is $1,349/mo as of July 2026. A 1-bedroom rents for a median of $1,150/mo. A 2-bedroom rents for a median of $1,420/mo.

At 22% of local median household income ($73,937/yr), ZIP 87112 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 4.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 87112?

As of July 20, 2026, the median monthly rent in ZIP 87112 (Albuquerque, NM) is $1,349. This is based on aggregated data from public sources and community submissions.

How does ZIP 87112 rent compare to the US average?

ZIP 87112's median rent of $1,349/mo is $616 (31%) below the US national median of $1,965/mo.

How does ZIP 87112 compare to other ZIPs in New Mexico?

ZIP 87112 is among the more affordable ZIP codes in New Mexico, ranking #25 out of 35 ZIPs at $1,349/mo.

How much income do you need to rent in ZIP 87112?

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 $1,349/mo in ZIP 87112. The local median household income is $73,937/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 87112?

Rent in ZIP 87112 has decreased 4.3% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 87112 an affordable place to rent?

ZIP 87112 is considered very affordable for renters. At $1,349/mo, rent takes approximately 22% of the local median household income ($73,937/yr). The standard benchmark is 30%. ZIP 87112 falls comfortably within that range.

What percentage of ZIP 87112 residents rent vs. own?

According to Census data, approximately 36.9% of ZIP 87112 households are renters, while 63.1% are owner-occupied. ZIP 87112 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 87112 compare to the rest of Albuquerque?

ZIP 87112 is more affordable than Albuquerque overall. At $1,349/mo, it's $137 below the Albuquerque citywide median of $1,486/mo.

When was rent data for ZIP 87112 last updated?

Rent data for ZIP 87112 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
22%
VERY AFFORDABLE

At $1,349/mo, rent takes ~22% of ZIP 87112's median household income ($73,937/yr). The standard benchmark is 30%.

ZIP 87112 22%Benchmark 30%
State income tax1.7–5.9%
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Schools nearby

Public schools near ZIP 87112 (Albuquerque, NM)

Recent submissions

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