U.S. ZIP Code · NM87002
Valencia County · Albuquerque, NM
Appreciation
- 1-year
- +1.6%
- 5-year / yr
- +7.0%
- 10-year / yr
- +9.0%
Relative price
- vs U.S.
- -5.9%
- vs metro
- -24.1%
- vs state
- -4.4%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 87002 is worth $267,336 — 24.1% below the Albuquerque, NM median. Over the past year, values have risen 1.6%. The effective property tax rate is 0.6%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#Climate risk
FEMA National Risk Index ratings for Valencia County. "Not Applicable" means the hazard does not threaten the county.
- Overall risk
- Relatively Moderate[4]
- Riverine flood
- Relatively Moderate
- Coastal flood
- Not Applicable
- Wildfire
- Relatively Low
- Drought
- Relatively Low
- Heat wave
- Relatively Low
- Hurricane
- Not Applicable
- Tornado
- Very Low
- Earthquake
- Relatively Moderate
- Winter weather
- Relatively Moderate
#Who lives here
#Migration
Household moves in and out of Valencia County over a year, from IRS tax-return data.
- Net migration
- +414[5]
- Moved in
- 2,082
- Moved out
- 1,668
Schools
Open public schools in this ZIP, from the NCES Common Core of Data.
- Public schools
- 10
- Elementary
- 6
- Middle
- 2
- High
- 2
BELEN HIGH
High · Grades 9–12 · BELEN
1,044 students
BELEN MIDDLE
Middle · Grades 7–8 · BELEN
493 students
LA MERCED ELEMENTARY
Elementary · Grades PK–6 · BELEN
433 students
RIO GRANDE ELEMENTARY
Elementary · Grades PK–6 · BELEN
359 students
GIL SANCHEZ ELEMENTARY
Elementary · Grades PK–6 · BELEN
304 students
Run the numbers
Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.
Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.
Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.
This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.
#Metro ranking
Where this ZIP sits among others in its metro area.
Rankings
Top-10 lists this ZIP code appears on.
Frequently asked
- How much is a home worth in ZIP code 87002?
- The typical home in 87002 is worth $267,336, based on the Zillow Home Value Index.
- Are home values rising in 87002?
- Home values in 87002 are up 1.6% over the past year, and up 7.0% a year over five years.
- What is the property tax rate in 87002?
- The effective property tax rate in 87002 is 0.6% — roughly $1,613 a year on a typical home.
- Who lives in 87002?
- ZIP code 87002 has a population of 21,265 and a median household income of $51,961.
#Comparable ZIPs
Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.
Cochiti Lake CDP, NM
- Typical home
- $279,568
- Gross yield
- —
South Valley CDP, NM
- Typical home
- $280,731
- Gross yield
- 5.9%
Peña Blanca CDP, NM
- Typical home
- $282,172
- Gross yield
- —
Albuquerque, NM
- Typical home
- $249,740
- Gross yield
- 5.3%
Albuquerque, NM
- Typical home
- $285,229
- Gross yield
- 4.1%
Ponderosa CDP, NM
- Typical home
- $288,208
- Gross yield
- —
Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →
Compare ZIPs
Pit ZIP 87002 against any other ZIP — full side-by-side table.
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