How much is a home worth in ZIP code 87112?

The typical home in 87112 is worth $323,801, based on the Zillow Home Value Index.

Are home values rising in 87112?

Home values in 87112 are up 0.2% over the past year, and up 6.5% a year over five years.

What is the typical rent in 87112?

A typical home in 87112 rents for about $1,482 a month, a gross rental yield of 5.5%.

What is the property tax rate in 87112?

The effective property tax rate in 87112 is 0.9% — roughly $2,888 a year on a typical home.

ZIP code 87112 has a population of 44,250 and a median household income of $73,937.

HousingHandbookReference data

…

U.S. ZIP Code · NM87112

Bernalillo County · Albuquerque, NM

Typical home value

$323,801^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.2%
5-year / yr: +6.5%
10-year / yr: +6.8%

Relative price

vs U.S.: +14.0%
vs metro: -8.0%
vs state: +15.8%

Price history

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

The typical home in 87112 is worth $323,801 — 8.0% below the Albuquerque, NM median. Over the past year, values have risen 0.2%. Homes here rent for a typical $1,482 a month — a 5.5% 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: $1,482^[2]
Gross yield: 5.5%^[2]
Cap rate: 3.3%^[2]

#Property tax

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

Effective tax rate: 0.9%^[3]
Typical annual tax: $2,888^[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: 44,250^[3]
Median household income: $73,937^[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: 15
Elementary: 7
Middle: 3
High: 3

MANZANO HIGH
Other · Grades PK–12 · ALBUQUERQUE
1,217 students
ABQ SCHOOL OF EXCELLENCE
Other · Grades K–12 · ABQ SCHOOL OF EXCELLENCE
942 students
PUBLIC ACADEMY FOR PERFORMING ARTS
High · Grades 6–12 · ALBUQUERQUE
448 students
JACKSON MIDDLE
Middle · Grades 6–8 · ALBUQUERQUE
371 students
COLLET PARK ELEMENTARY
Elementary · Grades PK–5 · ALBUQUERQUE
351 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 yield5.5%

Net yield (after ~40% expenses)3.3%

Annual rent$17,782

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$1,637

Loan principal$259,041

Down payment$64,760

Total interest paid$330,393

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 ratio1.45

Monthly cost to own$2,147

Monthly rent$1,482

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: 79th percentile^[1]
Rental yield: 68th percentile^[2]
Property tax: 86th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 87112?: The typical home in 87112 is worth $323,801, based on the Zillow Home Value Index.
Are home values rising in 87112?: Home values in 87112 are up 0.2% over the past year, and up 6.5% a year over five years.
What is the typical rent in 87112?: A typical home in 87112 rents for about $1,482 a month, a gross rental yield of 5.5%.
What is the property tax rate in 87112?: The effective property tax rate in 87112 is 0.9% — roughly $2,888 a year on a typical home.
Who lives in 87112?: ZIP code 87112 has a population of 44,250 and a median household income of $73,937.

#Comparable ZIPs

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

87031 vs 87112 →
Los Lunas, NM
Typical home
$325,231
Gross yield
7.4%
87110 vs 87112 →
Albuquerque, NM
Typical home
$321,206
Gross yield
5.2%
87123
Albuquerque, NM
Typical home
$342,645
Gross yield
4.4%
87004
Santa Ana Pueblo CDP, NM
Typical home
$346,240
Gross yield
—
87107
Albuquerque, NM
Typical home
$348,514
Gross yield
4.4%
87124
Rio Rancho Estates CDP, NM
Typical home
$350,923
Gross yield
6.3%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

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Pit ZIP 87112 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NM87112

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