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ZIP Code · NM

ZIP 87114

Pop. 70,117·Bernalillo County·10th most expensive ZIP in New Mexico
Median rent (all units)
$1,736/mo
Year-over-Year
+1.8%
Month-over-Month
+2.8%
vs US Median
-$229
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 87114 · $1,736
More affordable than 56% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,140
1 BR
$1,340
2 BR
$1,660
3 BR
$2,310
4 BR+
$2,720
Research median
$1,660/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
$20,832/yr
At $1,736/mo median
Location
StateNM
CountyBernalillo County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 1.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+1.8% YoY, +2.8% MoM), not inventory.
Demographics

Who lives here

ZIP 87114 (Albuquerque, NM) is majority owner-occupied, 39.3% of residents hold a bachelor's degree or higher.

Population
70,117
Median income
$84,277
Median age
37.9
Renters
30.8%
Age distribution
22.7%
22.9%
28.1%
14.9%
Under 1822.7%
18–3422.9%
35–5428.1%
55–6411.3%
65+14.9%
Gender
47.1%
52.9%
Male47.1%
Female52.9%
Race & ethnicity
52.9%
46.8%
White52.9%
Black3.6%
Hispanic46.8%
Asian2.3%
Education (25+)
20.3%
35.2%
39.3%
No HS diploma5.2%
HS diploma20.3%
Some college35.2%
Bachelor's+39.3%
Housing tenure
69.2%
30.8%
Owner69.2%
Renter30.8%

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

2021 vs 2026

How ZIP 87114 in Albuquerque, NM has changed in 5 years

Rent
$1,255 → $1,736
up 38.3%
Income
$72,863 → $84,277
up 15.7%
Population
69,717 → 70,117
up 0.6%
Renter share
31.6% → 30.8%
-0.8 pts
Bachelor's+
38.5% → 39.3%
+0.8 pts
Median age
36.2 → 37.9
+1.7 yrs

Since 2021, the typical rent in ZIP 87114 in Albuquerque, NM has climbed from $1,255 to $1,736, a 38.3% change over five years. Local incomes tracked alongside that move, going from a median of $72,863 in 2021 to $84,277 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 87114 in Albuquerque, NM market of 2021.

Community

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Local insights

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About renting in ZIP 87114

Last updated: July 20, 2026

ZIP code 87114 covers Albuquerque, NM. The median rent here is $1,736/mo as of July 2026. A 1-bedroom rents for a median of $1,340/mo. A 2-bedroom rents for a median of $1,660/mo.

At 25% of local median household income ($84,277/yr), ZIP 87114 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 87114?

As of July 20, 2026, the median monthly rent in ZIP 87114 (Albuquerque, NM) is $1,736. This is based on aggregated data from public sources and community submissions.

How does ZIP 87114 rent compare to the US average?

ZIP 87114's median rent of $1,736/mo is $229 (12%) below the US national median of $1,965/mo.

How does ZIP 87114 compare to other ZIPs in New Mexico?

ZIP 87114 is one of the pricier ZIP codes in New Mexico, ranking #10 out of 35 ZIPs tracked at $1,736/mo.

How much income do you need to rent in ZIP 87114?

To keep rent at or below 30% of gross income, you would need to earn at least $69,000/year (~$33/hour full-time) to afford the median rent of $1,736/mo in ZIP 87114. The local median household income is $84,277/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 87114?

Rent in ZIP 87114 has increased 1.8% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 87114 an affordable place to rent?

ZIP 87114 is considered affordable for renters. At $1,736/mo, rent takes approximately 25% of the local median household income ($84,277/yr). The standard benchmark is 30%. ZIP 87114 falls comfortably within that range.

What percentage of ZIP 87114 residents rent vs. own?

According to Census data, approximately 30.8% of ZIP 87114 households are renters, while 69.2% are owner-occupied. ZIP 87114 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 87114 compare to the rest of Albuquerque?

ZIP 87114 is pricier than Albuquerque as a whole. At $1,736/mo, it's $250 above the Albuquerque citywide median of $1,486/mo.

When was rent data for ZIP 87114 last updated?

Rent data for ZIP 87114 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $1,736/mo, rent takes ~25% of ZIP 87114's median household income ($84,277/yr). The standard benchmark is 30%.

ZIP 87114 25%Benchmark 30%
State income tax1.7–5.9%
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Schools nearby

Public schools near ZIP 87114 (Albuquerque, NM)

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