How much is a home worth in ZIP code 87107?

The typical home in 87107 is worth $348,514, based on the Zillow Home Value Index.

Are home values rising in 87107?

Home values in 87107 are up 0.5% over the past year, and up 6.4% a year over five years.

What is the typical rent in 87107?

A typical home in 87107 rents for about $1,273 a month, a gross rental yield of 4.4%.

What is the property tax rate in 87107?

The effective property tax rate in 87107 is 0.8% — roughly $2,799 a year on a typical home.

ZIP code 87107 has a population of 27,566 and a median household income of $61,672.

HousingHandbookReference data

…

U.S. ZIP Code · NM87107

Bernalillo County · Albuquerque, NM

Typical home value

$348,514^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.5%
5-year / yr: +6.4%
10-year / yr: +6.3%

Relative price

vs U.S.: +22.7%
vs metro: -1.0%
vs state: +24.7%

Price history

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

The typical home in 87107 is worth $348,514 — 1.0% below the Albuquerque, NM median. Over the past year, values have risen 0.5%. Homes here rent for a typical $1,273 a month — a 4.4% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent: $1,273^[2]
Gross yield: 4.4%^[2]
Cap rate: 2.6%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $2,799^[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: 27,566^[3]
Median household income: $61,672^[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: 17
Elementary: 8
Middle: 2
High: 7

VALLEY HIGH
High · Grades 9–12 · ALBUQUERQUE
1,012 students
MONTESSORI ELEMENTARY SCHOOL
Elementary · Grades K–8 · MONTESSORI ELEMENTARY SCHOOL
444 students
MISSION AVENUE ELEMENTARY
Elementary · Grades PK–5 · ALBUQUERQUE
356 students
DIGITAL ARTS AND TECHNOLOGY ACADEMY
High · Grades 7–12 · ALBUQUERQUE
329 students
GARFIELD MIDDLE
Middle · Grades 6–8 · ALBUQUERQUE
303 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 yield4.4%

Net yield (after ~40% expenses)2.6%

Annual rent$15,282

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$1,762

Loan principal$278,812

Down payment$69,703

Total interest paid$355,609

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 ratio1.79

Monthly cost to own$2,285

Monthly rent$1,273

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: 71st percentile^[1]
Rental yield: 26th percentile^[2]
Property tax: 62nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 87107?: The typical home in 87107 is worth $348,514, based on the Zillow Home Value Index.
Are home values rising in 87107?: Home values in 87107 are up 0.5% over the past year, and up 6.4% a year over five years.
What is the typical rent in 87107?: A typical home in 87107 rents for about $1,273 a month, a gross rental yield of 4.4%.
What is the property tax rate in 87107?: The effective property tax rate in 87107 is 0.8% — roughly $2,799 a year on a typical home.
Who lives in 87107?: ZIP code 87107 has a population of 27,566 and a median household income of $61,672.

#Comparable ZIPs

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

87004 vs 87107 →
Santa Ana Pueblo CDP, NM
Typical home
$346,240
Gross yield
—
87124 vs 87107 →
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%
87123
Albuquerque, NM
Typical home
$342,645
Gross yield
4.4%
87024
Cañon CDP, NM
Typical home
$355,135
Gross yield
—

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#Jump to section

U.S. ZIP Code · NM87107

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