How much is a home worth in ZIP code 87121?

The typical home in 87121 is worth $291,298, based on the Zillow Home Value Index.

Are home values rising in 87121?

Home values in 87121 are up 2.2% over the past year, and up 8.0% a year over five years.

What is the typical rent in 87121?

A typical home in 87121 rents for about $1,623 a month, a gross rental yield of 6.7%.

What is the property tax rate in 87121?

The effective property tax rate in 87121 is 0.8% — roughly $2,432 a year on a typical home.

ZIP code 87121 has a population of 75,510 and a median household income of $60,796.

HousingHandbookReference data

…

U.S. ZIP Code · NM87121

Bernalillo County · Albuquerque, NM

Typical home value

$291,298^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.2%
5-year / yr: +8.0%
10-year / yr: +8.7%

Relative price

vs U.S.: +2.5%
vs metro: -17.3%
vs state: +4.2%

Price history

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

The typical home in 87121 is worth $291,298 — 17.3% below the Albuquerque, NM median. Over the past year, values have risen 2.2%. Homes here rent for a typical $1,623 a month — a 6.7% 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: $1,623^[2]
Gross yield: 6.7%^[2]
Cap rate: 4.0%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $2,432^[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: 75,510^[3]
Median household income: $60,796^[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: 6

ATRISCO HERITAGE ACADEMY HS
High · Grades 9–12 · ALBUQUERQUE
2,055 students
WEST MESA HIGH
High · Grades 9–12 · ALBUQUERQUE
1,612 students
MISSION ACHIEVEMENT AND SUCCESS 2.0
Other · Grades PK–9 · MISSION ACHIEVEMENT AND SUCCESS
1,117 students
GEORGE I SANCHEZ
Elementary · Grades PK–8 · ALBUQUERQUE
1,099 students
RUDOLFO ANAYA ELEMENTARY
Elementary · Grades PK–5 · ALBUQUERQUE
574 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 yield6.7%

Net yield (after ~40% expenses)4.0%

Annual rent$19,479

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$1,473

Loan principal$233,039

Down payment$58,260

Total interest paid$297,228

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 ratio1.18

Monthly cost to own$1,917

Monthly rent$1,623

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: 100th percentile^[1]
Rental yield: 95th percentile^[2]
Property tax: 73rd percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 87121?: The typical home in 87121 is worth $291,298, based on the Zillow Home Value Index.
Are home values rising in 87121?: Home values in 87121 are up 2.2% over the past year, and up 8.0% a year over five years.
What is the typical rent in 87121?: A typical home in 87121 rents for about $1,623 a month, a gross rental yield of 6.7%.
What is the property tax rate in 87121?: The effective property tax rate in 87121 is 0.8% — roughly $2,432 a year on a typical home.
Who lives in 87121?: ZIP code 87121 has a population of 75,510 and a median household income of $60,796.

#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 87121 →
Ponderosa CDP, NM
Typical home
$288,208
Gross yield
—
87108 vs 87121 →
Albuquerque, NM
Typical home
$285,229
Gross yield
4.1%
87041
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
—
87002
Belen, NM
Typical home
$267,336
Gross yield
—

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#Jump to section

U.S. ZIP Code · NM87121

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