HousingHandbookReference data

U.S. ZIP Code · NM87041

Sandoval County · Albuquerque, NM

Typical home value

$282,172[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+5.7%
5-year / yr
+1.4%
10-year / yr

Relative price

vs U.S.
≈ U.S. median
vs metro
-19.8%
vs state
≈ state median
ZIP 87041 location in NM
Location of ZIP 87041 in NM

Price history

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

The typical home in 87041 is worth $282,172 — 19.8% below the Albuquerque, NM median. Over the past year, values have risen 5.7%. 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
$1,031[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
691[3]
Median household income
$80,662[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
2
Elementary
1
Middle
1
High
0
  • COCHITI ELEMENTARY

    Elementary · Grades PK–5 · BERNALILLO

    169 students

  • COCHITI MIDDLE

    Middle · Grades 6–8 · BERNALILLO

    64 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 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.

Monthly payment$1,427
Loan principal$225,737
Down payment$56,434
Total interest paid$287,916

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.

Own : rent ratio
Monthly cost to own$1,749
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
0th percentile[1]
Rental yield
[2]
Property tax
11th percentile[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 87041?
The typical home in 87041 is worth $282,172, based on the Zillow Home Value Index.
Are home values rising in 87041?
Home values in 87041 are up 5.7% over the past year, and up 1.4% a year over five years.
What is the property tax rate in 87041?
The effective property tax rate in 87041 is 0.4% — roughly $1,031 a year on a typical home.
Who lives in 87041?
ZIP code 87041 has a population of 691 and a median household income of $80,662.

#Comparable ZIPs

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

  • South Valley CDP, NM

    Typical home
    $280,731
    Gross yield
    5.9%
  • Cochiti Lake CDP, NM

    Typical home
    $279,568
    Gross yield
  • Albuquerque, NM

    Typical home
    $285,229
    Gross yield
    4.1%
  • Ponderosa CDP, NM

    Typical home
    $288,208
    Gross yield
  • Pajarito Mesa CDP, NM

    Typical home
    $291,298
    Gross yield
    6.7%
  • Belen, NM

    Typical home
    $267,336
    Gross yield

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