In short
The median value of owner-occupied homes in the city of Albuquerque is $324,600, according to the Census Bureau’s 2024 American Community Survey. The FHFA index shows Albuquerque-area prices down 1.7% between the second quarters of 2025 and 2026. For first-time buyers, Housing New Mexico lists a $101,254 income limit for one- and two-person households in Bernalillo County.
How much homes cost in Albuquerque
The Census Bureau’s American Community Survey (ACS) asks owners how much they think their home would sell for. The median of those answers is a useful benchmark, but it is not a sale price: it covers every owner-occupied home, including homes bought long ago. Our page on New Mexico home prices explains the method in detail.
| Area | Median value, 2024 (ACS) | Margin of error (90%) |
|---|---|---|
| City of Albuquerque | $324,600 | ±$6,495 |
| Bernalillo County | $324,500 | ±$5,842 |
| Albuquerque metro area | $322,700 | ±$5,637 |
| New Mexico | $279,900 | ±$4,338 |
| United States | $360,600 | ±$618 |
Source: U.S. Census Bureau, ACS 1-Year Estimates 2024, table B25077. The 2025 estimates are scheduled for October 29, 2026.
Are Albuquerque prices rising?
The Federal Housing Finance Agency (FHFA) tracks repeat sales of the same single-family homes. Its purchase-only, seasonally adjusted index, published August 25, 2026, shows:
| Area | 1-year change (Q2 2025 to Q2 2026) | 5-year change (Q2 2021 to Q2 2026) |
|---|---|---|
| Albuquerque metro area | −1.7% | +33.3% |
| New Mexico | −1.2% | +33.9% |
| United States | +2.1% | +33.4% |
Source: FHFA House Price Index, quarterly purchase-only files. Changes calculated by Payotte from the published index values.
Prices in the Albuquerque area slipped over the past year, after a gain of about a third over five years.
Closing costs at the median price
On top of the price, buyers and sellers pay closing costs: lender fees, the appraisal, escrow and recording fees, and title insurance. Several of these depend on the loan and on the providers you choose. We do not recalculate them here. For the rules and a worked example, see our guide to closing costs in New Mexico and our page on title insurance in New Mexico.
Property tax and transfer tax in Albuquerque
Property tax depends on your home’s taxable value and on the rates adopted for your address. Our New Mexico property tax guide explains who assesses homes, how the rate applies and how to protest your value. Our page on transfer tax in New Mexico covers what the state and local governments charge when a home changes hands. To see how property tax can be paid through your monthly mortgage payment, read our guide to escrow accounts.
Help for first-time buyers in Albuquerque
Housing New Mexico, the state housing finance agency, lists these limits for Bernalillo County, effective July 27, 2026:
| Item | Limit |
|---|---|
| FirstHome / FirstDown income, 1-2 people | $101,254 |
| FirstHome / FirstDown income, 3 or more | $116,443 |
| FirstHome / FirstDown purchase price | $566,354 |
| HomeForward purchase price | $629,283 |
The City of Albuquerque’s affordable home ownership page, read on October 13, 2026, lists three nonprofit housing organizations that help low- and moderate-income residents buy a home. The City’s housing page also publishes the 2026 HOME income limits, effective June 1, 2026: at 80% of area median income, $56,250 for one person and $80,300 for four. Programs, amounts and the targeted-area rules are in our guide to New Mexico first-time buyer programs.
New Mexico guides for Albuquerque buyers
Frequently asked questions
What is the median home price in Albuquerque?
The Census Bureau’s 2024 American Community Survey puts the median value of owner-occupied homes in the city of Albuquerque at $324,600 (±$6,495). This is what owners think their home is worth, not the median sale price of recent sales.
Are home prices in Albuquerque going down?
According to the FHFA purchase-only index, prices in the Albuquerque metro area fell 1.7% between the second quarter of 2025 and the second quarter of 2026. Over five years, they rose 33.3%.
Is Albuquerque cheaper than the rest of the country?
By the 2024 ACS median value, yes: $324,600 in the city against $360,600 nationwide. It is $44,700 above the New Mexico median of $279,900.
Can I get down payment help to buy in Albuquerque?
Housing New Mexico offers down payment and closing cost loans through participating lenders, with income and price limits by county. Our first-time buyer guide lists the programs and the Bernalillo County limits.
Where do I find property tax and transfer tax rules?
Our New Mexico property tax and transfer tax guides cover the state rules that apply in Albuquerque. For the rate on a specific home, check the tax bill or the county assessor’s records for that address.
More New Mexico guides
- Closing costs in New Mexico: what buyers and sellers pay
- Transfer tax in New Mexico: is there one when you buy or sell?
- Property tax in New Mexico: rates, cap and exemptions
- What must a home seller disclose in New Mexico?
- Do you need a real estate attorney to close in New Mexico?
- How does foreclosure work in New Mexico?
- Home prices in New Mexico and Albuquerque: median value
- First-time home buyer programs in New Mexico
- How to verify a real estate license in New Mexico
- New Mexico community property: what it means for a home
- Title insurance in New Mexico: how rates are set
Sources
- Table B25077, Median Value (Dollars), ACS 1-Year Estimates 2024 (U.S. Census Bureau) (consulted October 13, 2026)
- 2025 ACS Data Release Schedule (U.S. Census Bureau) (consulted October 13, 2026)
- U.S. House Prices Rise 2.1 Percent Year over Year, Up 0.3 Percent Quarter over Quarter (FHFA, August 25, 2026) (consulted October 13, 2026)
- FHFA House Price Index datasets, quarterly purchase-only indexes (state, metro) (consulted October 13, 2026)
- Affordable Housing, 2026 HOME income limits (City of Albuquerque, Health, Housing & Homelessness) (consulted October 13, 2026)
- Affordable Home Ownership (City of Albuquerque, Health, Housing & Homelessness) (consulted October 13, 2026)
- Income and Purchase Price Limits, effective July 27, 2026 (Housing New Mexico) (consulted October 13, 2026)