ZIP 87112
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 87112 usually run 0.5% below trend in December and 0.6% above it in August, about $15 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 87112 is at its highest level since Zillow's records here began in June 2016.
Rent in ZIP 87112 changed +4.4% 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 87112 rose 53.6% while median household income rose 42.4% ($51,904 to $73,937). Rent outpaced income.
Rent in ZIP 87112 is 63.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 3 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($73,937) is $1,848 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,420); a 3-bedroom is $1,970.
5th cheapest of 16 ZIP codes in Albuquerque.
ZIP 87123, 3 miles away, rents for 13% less ($1,213/mo), about $2,100 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 87112. 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 87112 (Albuquerque, NM) is majority owner-occupied, has a large retiree population, 38.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 87112 in Albuquerque, NM has changed in 5 years
Five years ago, renters in ZIP 87112 in Albuquerque, NM paid around $951 a month. That figure now sits near $1,387, up 45.8% from the 2021 baseline. Local incomes tracked alongside that move, going from a median of $58,791 in 2021 to $73,937 more recently. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. 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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Tips for renters in ZIP 87112
Last updated: October 17, 2026
ZIP code 87112 covers Albuquerque, NM. The median rent here is $1,387/mo as of October 2026. A 1-bedroom rents for a median of $1,150/mo. A 2-bedroom rents for a median of $1,420/mo.
At 23% of local median household income ($73,937/yr), ZIP 87112 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.4% over the past year.
Frequently asked questions
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How does ZIP 87112 compare to other ZIPs in New Mexico?
How does ZIP 87112 compare to the rest of Albuquerque?
At $1,387/mo, rent takes ~23% of ZIP 87112's median household income ($73,937/yr). The standard benchmark is 30%.
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