How much is a home worth in ZIP code 87108?

The typical home in 87108 is worth $285,229, based on the Zillow Home Value Index.

Are home values rising in 87108?

Home values in 87108 are down 1.1% over the past year, and up 6.3% a year over five years.

What is the typical rent in 87108?

A typical home in 87108 rents for about $974 a month, a gross rental yield of 4.1%.

What is the property tax rate in 87108?

The effective property tax rate in 87108 is 0.9% — roughly $2,589 a year on a typical home.

ZIP code 87108 has a population of 36,331 and a median household income of $42,724.

HousingHandbookReference data

…

U.S. ZIP Code · NM87108

Bernalillo County · Albuquerque, NM

Typical home value

$285,229^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.1%
5-year / yr: +6.3%
10-year / yr: +6.3%

Relative price

vs U.S.: ≈ U.S. median
vs metro: -19.0%
vs state: +2.0%

Price history

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

The typical home in 87108 is worth $285,229 — 19.0% below the Albuquerque, NM median. Over the past year, values have fallen 1.1%. Homes here rent for a typical $974 a month — a 4.1% 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: $974^[2]
Gross yield: 4.1%^[2]
Cap rate: 2.5%^[2]

#Property tax

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

Effective tax rate: 0.9%^[3]
Typical annual tax: $2,589^[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: 36,331^[3]
Median household income: $42,724^[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: 12
Elementary: 5
Middle: 3
High: 3

HIGHLAND HIGH
High · Grades 9–12 · ALBUQUERQUE
1,169 students
LA MESA ELEMENTARY
Elementary · Grades PK–5 · ALBUQUERQUE
447 students
WILSON MIDDLE
Middle · Grades 6–8 · ALBUQUERQUE
373 students
VAN BUREN MIDDLE
Middle · Grades 6–8 · ALBUQUERQUE
331 students
WHITTIER ELEMENTARY
Elementary · Grades PK–5 · ALBUQUERQUE
289 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 yield4.1%

Net yield (after ~40% expenses)2.5%

Annual rent$11,682

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$1,442

Loan principal$228,183

Down payment$57,046

Total interest paid$291,035

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 ratio1.95

Monthly cost to own$1,896

Monthly rent$974

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: 62nd percentile^[1]
Rental yield: 5th percentile^[2]
Property tax: 92nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 87108?: The typical home in 87108 is worth $285,229, based on the Zillow Home Value Index.
Are home values rising in 87108?: Home values in 87108 are down 1.1% over the past year, and up 6.3% a year over five years.
What is the typical rent in 87108?: A typical home in 87108 rents for about $974 a month, a gross rental yield of 4.1%.
What is the property tax rate in 87108?: The effective property tax rate in 87108 is 0.9% — roughly $2,589 a year on a typical home.
Who lives in 87108?: ZIP code 87108 has a population of 36,331 and a median household income of $42,724.

#Comparable ZIPs

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

87044 vs 87108 →
Ponderosa CDP, NM
Typical home
$288,208
Gross yield
—
87041 vs 87108 →
Peña Blanca CDP, NM
Typical home
$282,172
Gross yield
—
87105
South Valley CDP, NM
Typical home
$280,731
Gross yield
5.9%
87083
Cochiti Lake CDP, NM
Typical home
$279,568
Gross yield
—
87121
Pajarito Mesa CDP, NM
Typical home
$291,298
Gross yield
6.7%
87002
Belen, NM
Typical home
$267,336
Gross yield
—

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#Jump to section

U.S. ZIP Code · NM87108

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