How much is a home worth in ZIP code 87104?

The typical home in 87104 is worth $354,333, based on the Zillow Home Value Index.

Are home values rising in 87104?

Home values in 87104 are up 0.5% over the past year, and up 5.8% a year over five years.

What is the typical rent in 87104?

A typical home in 87104 rents for about $1,515 a month, a gross rental yield of 5.1%.

What is the property tax rate in 87104?

The effective property tax rate in 87104 is 0.9% — roughly $3,335 a year on a typical home.

ZIP code 87104 has a population of 12,853 and a median household income of $75,436.

HousingHandbookReference data

…

U.S. ZIP Code · NM87104

Bernalillo County · Albuquerque, NM

Typical home value

$354,333^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.5%
5-year / yr: +5.8%
10-year / yr: +5.9%

Relative price

vs U.S.: +24.7%
vs metro: ≈ metro median
vs state: +26.7%

Price history

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

The typical home in 87104 is worth $354,333. Over the past year, values have risen 0.5%. Homes here rent for a typical $1,515 a month — a 5.1% gross rental yield. The effective property tax rate is 0.9%.

#Rent & investment

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

Monthly rent: $1,515^[2]
Gross yield: 5.1%^[2]
Cap rate: 3.1%^[2]

#Property tax

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

Effective tax rate: 0.9%^[3]
Typical annual tax: $3,335^[3]

#Climate risk

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

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

#Who lives here

Population: 12,853^[3]
Median household income: $75,436^[3]

#Migration

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

Net migration: -833^[5]
Moved in: 14,633
Moved out: 15,466

Schools

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

Public schools: 6
Elementary: 3
Middle: 0
High: 2

NATIVE AMERICAN COMMUNITY ACADEMY
Other · Grades K–12 · ALBUQUERQUE
436 students
TIERRA ADENTRO
High · Grades 6–12 · TIERRA ADENTRO
258 students
ACE LEADERSHIP HIGH SCHOOL
High · Grades 9–12 · ALBUQUERQUE
253 students
MONTESSORI OF THE RIO GRANDE
Elementary · Grades K–5 · ALBUQUERQUE
219 students
REGINALD CHAVEZ ELEMENTARY
Elementary · Grades PK–5 · ALBUQUERQUE
174 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 yield5.1%

Net yield (after ~40% expenses)3.1%

Annual rent$18,180

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$1,792

Loan principal$283,466

Down payment$70,867

Total interest paid$361,546

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 ratio1.56

Monthly cost to own$2,365

Monthly rent$1,515

Renting is meaningfully cheaper month-to-month.

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: 50th percentile^[1]
Rental yield: 37th percentile^[2]
Property tax: 100th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 87104?: The typical home in 87104 is worth $354,333, based on the Zillow Home Value Index.
Are home values rising in 87104?: Home values in 87104 are up 0.5% over the past year, and up 5.8% a year over five years.
What is the typical rent in 87104?: A typical home in 87104 rents for about $1,515 a month, a gross rental yield of 5.1%.
What is the property tax rate in 87104?: The effective property tax rate in 87104 is 0.9% — roughly $3,335 a year on a typical home.
Who lives in 87104?: ZIP code 87104 has a population of 12,853 and a median household income of $75,436.

#Comparable ZIPs

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

87024 vs 87104 →
Cañon CDP, NM
Typical home
$355,135
Gross yield
—
87025 vs 87104 →
Jemez Springs, NM
Typical home
$352,043
Gross yield
—
87124
Rio Rancho Estates CDP, NM
Typical home
$350,923
Gross yield
6.3%
87107
Albuquerque, NM
Typical home
$348,514
Gross yield
4.4%
87120
Albuquerque, NM
Typical home
$361,443
Gross yield
5.3%
87004
Santa Ana Pueblo CDP, NM
Typical home
$346,240
Gross yield
—

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#Jump to section

U.S. ZIP Code · NM87104

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