How much is a home worth in ZIP code 87004?

The typical home in 87004 is worth $346,240, based on the Zillow Home Value Index.

Are home values rising in 87004?

Home values in 87004 are up 1.8% over the past year, and up 5.7% a year over five years.

What is the property tax rate in 87004?

The effective property tax rate in 87004 is 0.4% — roughly $1,502 a year on a typical home.

ZIP code 87004 has a population of 11,237 and a median household income of $65,743.

HousingHandbookReference data

…

U.S. ZIP Code · NM87004

Sandoval County · Albuquerque, NM

Typical home value

$346,240^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.8%
5-year / yr: +5.7%
10-year / yr: +6.5%

Relative price

vs U.S.: +21.9%
vs metro: -1.6%
vs state: +23.8%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 87004 is worth $346,240 — 1.6% below the Albuquerque, NM median. Over the past year, values have risen 1.8%. The effective property tax rate is 0.4%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: —^[2]
Gross yield: —^[2]
Cap rate: —^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.4%^[3]
Typical annual tax: $1,502^[3]

#Climate risk

FEMA National Risk Index ratings for Sandoval County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Relatively Moderate
Drought: Relatively Moderate
Heat wave: Relatively Moderate
Hurricane: Not Applicable
Tornado: Very Low
Earthquake: Relatively Low
Winter weather: Relatively Moderate

#Who lives here

Population: 11,237^[3]
Median household income: $65,743^[3]

#Migration

Household moves in and out of Sandoval County over a year, from IRS tax-return data.

Net migration: +788^[5]
Moved in: 5,205
Moved out: 4,417

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 6
Elementary: 2
Middle: 2
High: 1

BERNALILLO HIGH
High · Grades 9–12 · BERNALILLO
856 students
BERNALILLO ELEMENTARY
Middle · Grades 4–6 · BERNALILLO
383 students
WD CARROLL ELEMENTARY
Elementary · Grades K–3 · BERNALILLO
377 students
SPARTAN LEARNING ACADEMY
Middle · Grades 7–8 · BERNALILLO
267 students
LA ESCUELITA EARLY CHILDHOOD
Prekindergarten · Grades PK · BERNALILLO
128 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.

Home value$Monthly rent$

Gross yield—

Net yield (after ~40% expenses)—

Annual rent—

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,751

Loan principal$276,992

Down payment$69,248

Total interest paid$353,288

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio—

Monthly cost to own$2,163

Monthly rent—

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.

Appreciation: 41st percentile^[1]
Rental yield: —^[2]
Property tax: 19th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

2nd for fastest-growing in NMView list →

Frequently asked

How much is a home worth in ZIP code 87004?: The typical home in 87004 is worth $346,240, based on the Zillow Home Value Index.
Are home values rising in 87004?: Home values in 87004 are up 1.8% over the past year, and up 5.7% a year over five years.
What is the property tax rate in 87004?: The effective property tax rate in 87004 is 0.4% — roughly $1,502 a year on a typical home.
Who lives in 87004?: ZIP code 87004 has a population of 11,237 and a median household income of $65,743.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

87107 vs 87004 →
Albuquerque, NM
Typical home
$348,514
Gross yield
4.4%
87123 vs 87004 →
Albuquerque, NM
Typical home
$342,645
Gross yield
4.4%
87124
Rio Rancho Estates CDP, NM
Typical home
$350,923
Gross yield
6.3%
87025
Jemez Springs, NM
Typical home
$352,043
Gross yield
—
87104
Albuquerque, NM
Typical home
$354,333
Gross yield
5.1%
87024
Cañon CDP, NM
Typical home
$355,135
Gross yield
—

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Pit ZIP 87004 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NM87004

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