How much is a home worth in ZIP code 87109?

The typical home in 87109 is worth $381,123, based on the Zillow Home Value Index.

Are home values rising in 87109?

Home values in 87109 are down 0.0% over the past year, and up 5.7% a year over five years.

What is the typical rent in 87109?

A typical home in 87109 rents for about $1,364 a month, a gross rental yield of 4.3%.

What is the property tax rate in 87109?

The effective property tax rate in 87109 is 0.9% — roughly $3,285 a year on a typical home.

ZIP code 87109 has a population of 39,324 and a median household income of $58,900.

HousingHandbookReference data

…

U.S. ZIP Code · NM87109

Bernalillo County · Albuquerque, NM

Typical home value

$381,123^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: 0.0%
5-year / yr: +5.7%
10-year / yr: +6.2%

Relative price

vs U.S.: +34.2%
vs metro: +8.3%
vs state: +36.3%

Price history

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

The typical home in 87109 is worth $381,123 — 8.3% above the Albuquerque, NM median. Over the past year, values have fallen 0.0%. Homes here rent for a typical $1,364 a month — a 4.3% 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: $1,364^[2]
Gross yield: 4.3%^[2]
Cap rate: 2.6%^[2]

#Property tax

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

Effective tax rate: 0.9%^[3]
Typical annual tax: $3,285^[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: 39,324^[3]
Median household income: $58,900^[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: 9
Elementary: 4
Middle: 0
High: 3

EXPLORE ACADEMY
Other · Grades K–12 · EXPLORE ACADEMY
1,354 students
DENNIS CHAVEZ ELEMENTARY
Elementary · Grades PK–5 · ALBUQUERQUE
578 students
NEW MEXICO INTERNATIONAL SCHOOL
Elementary · Grades K–8 · ALBUQUERQUE
401 students
EDMUND G ROSS ELEMENTARY
Elementary · Grades PK–5 · ALBUQUERQUE
364 students
ARROYO DEL OSO ELEMENTARY
Elementary · Grades PK–5 · ALBUQUERQUE
294 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 yield4.3%

Net yield (after ~40% expenses)2.6%

Annual rent$16,364

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$1,927

Loan principal$304,898

Down payment$76,225

Total interest paid$388,881

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 ratio1.85

Monthly cost to own$2,518

Monthly rent$1,364

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: 44th percentile^[1]
Rental yield: 16th percentile^[2]
Property tax: 84th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 87109?: The typical home in 87109 is worth $381,123, based on the Zillow Home Value Index.
Are home values rising in 87109?: Home values in 87109 are down 0.0% over the past year, and up 5.7% a year over five years.
What is the typical rent in 87109?: A typical home in 87109 rents for about $1,364 a month, a gross rental yield of 4.3%.
What is the property tax rate in 87109?: The effective property tax rate in 87109 is 0.9% — roughly $3,285 a year on a typical home.
Who lives in 87109?: ZIP code 87109 has a population of 39,324 and a median household income of $58,900.

#Comparable ZIPs

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

87114 vs 87109 →
Albuquerque, NM
Typical home
$377,708
Gross yield
5.3%
87144 vs 87109 →
Rio Rancho, NM
Typical home
$374,618
Gross yield
5.9%
87106
Albuquerque, NM
Typical home
$368,872
Gross yield
4.5%
87001
San Felipe Pueblo CDP, NM
Typical home
$396,243
Gross yield
—
87120
Albuquerque, NM
Typical home
$361,443
Gross yield
5.3%
87042
Peralta, NM
Typical home
$404,473
Gross yield
—

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#Jump to section

U.S. ZIP Code · NM87109

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