How much is a home worth in ZIP code 87120?

The typical home in 87120 is worth $361,443, based on the Zillow Home Value Index.

Are home values rising in 87120?

Home values in 87120 are up 1.4% over the past year, and up 6.5% a year over five years.

What is the typical rent in 87120?

A typical home in 87120 rents for about $1,606 a month, a gross rental yield of 5.3%.

What is the property tax rate in 87120?

The effective property tax rate in 87120 is 0.9% — roughly $3,326 a year on a typical home.

ZIP code 87120 has a population of 66,097 and a median household income of $86,907.

HousingHandbookReference data

…

U.S. ZIP Code · NM87120

Bernalillo County · Albuquerque, NM

Typical home value

$361,443^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.4%
5-year / yr: +6.5%
10-year / yr: +7.0%

Relative price

vs U.S.: +27.2%
vs metro: +2.7%
vs state: +29.3%

Price history

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

The typical home in 87120 is worth $361,443 — 2.7% above the Albuquerque, NM median. Over the past year, values have risen 1.4%. Homes here rent for a typical $1,606 a month — a 5.3% 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: $1,606^[2]
Gross yield: 5.3%^[2]
Cap rate: 3.2%^[2]

#Property tax

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

Effective tax rate: 0.9%^[3]
Typical annual tax: $3,326^[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: 66,097^[3]
Median household income: $86,907^[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: 11
Elementary: 9
Middle: 1
High: 1

TRES VOLCANES COMMUNITY COLLABORATIVE SCHOOL
Elementary · Grades K–8 · ALBUQUERQUE
937 students
L.B. JOHNSON MIDDLE
Middle · Grades 6–8 · ALBUQUERQUE
571 students
PAINTED SKY ELEMENTARY
Elementary · Grades PK–5 · ALBUQUERQUE
558 students
SUSIE RAYOS MARMON ELEMENTARY
Elementary · Grades PK–5 · ALBUQUERQUE
548 students
CHAPARRAL ELEMENTARY
Elementary · Grades PK–5 · ALBUQUERQUE
540 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 yield5.3%

Net yield (after ~40% expenses)3.2%

Annual rent$19,270

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$1,828

Loan principal$289,155

Down payment$72,289

Total interest paid$368,801

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 ratio1.50

Monthly cost to own$2,406

Monthly rent$1,606

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: 82nd percentile^[1]
Rental yield: 58th percentile^[2]
Property tax: 97th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

3rd for most populous in NMView list →

Frequently asked

How much is a home worth in ZIP code 87120?: The typical home in 87120 is worth $361,443, based on the Zillow Home Value Index.
Are home values rising in 87120?: Home values in 87120 are up 1.4% over the past year, and up 6.5% a year over five years.
What is the typical rent in 87120?: A typical home in 87120 rents for about $1,606 a month, a gross rental yield of 5.3%.
What is the property tax rate in 87120?: The effective property tax rate in 87120 is 0.9% — roughly $3,326 a year on a typical home.
Who lives in 87120?: ZIP code 87120 has a population of 66,097 and a median household income of $86,907.

#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 87120 →
Cañon CDP, NM
Typical home
$355,135
Gross yield
—
87104 vs 87120 →
Albuquerque, NM
Typical home
$354,333
Gross yield
5.1%
87106
Albuquerque, NM
Typical home
$368,872
Gross yield
4.5%
87025
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%

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Pit ZIP 87120 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NM87120

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