Trends and Statistics of Albuquerque 2018-2019

In this section you will learn about the leading factors that make Albuquerque one of the most popular real estate markets for 2019, including: affordable home values, passive income and a rapidly growing job market. See Albuquerque Housing, Population and Employment Market Trends in the tabs for more information.

Sources of information:

• https://factfinder.census.gov/
• https://www.deptofnumbers.com/employment/new-mexico/albuquerque/
• https://www.zillow.com/albuquerque-metro-nm_r394312/home-values/
• Online Affiliate Data of True Wealth

Albuquerque real estate is affordable

• The median price of the average three bedroom home in Albuquerque was $ 190,000 in January 2018. This is 6% less than the median value nationwide. As of October 2018, three bedroom home values ​​have risen to a median $ 199,000.
• In the neighborhoods where Real Wealth Network members invest, home values ​​range from about $ 120,000 to $ 199,000. This is a median price of $ 156,000, which is 23% less than the average three bedroom home nationwide.
• This shows us that Albuquerque real estate is uniquely affordable but this may not be the case for long. As you'll learn later in this video, the number of jobs in the metro area is growing and as a result rental prices will likely continue to rise.

Albuquerque offers a strong cash flow opportunity.

• In January 2018, the median monthly rent of an average three bedroom home in the US was $ 1,427, which is 0.71% of the median purchase price of $ 202,000.
• The median monthly rent of the average three bedroom home in Albuquerque was $ 1,207, which is over 0.92% of the median purchase price of $ 190,000.
• In the neighborhoods where Real Wealth Network members invest, the median monthly rent of REAL Income Properties ™ was $ 1,223. This is 0.93% of the median purchase price of $ 156,000.
• This shows us that there's an opportunity to generate passive monthly cash flow in Albuquerque at a higher rent-to-purchase ratio than the national average.

Albuquerque home values ​​have been rising over the last five years.

• Over the last 7 years, the average 3 bedroom single family home in the Albuquerque metro has appreciated at a steady rate of 2.38% per year (15.15% total) versus 6% per year (41% total) nationwide.

Albuquerque rents have also been rising over the last five years.

• Since 2012, the median rental price for 3 bedroom single family homes in Albuquerque has appreciated at a rate of 1.13% per year (7% total) versus 2.67% per year (17% total) nationwide.
• All of this tells us that, while Albuquerque home values ​​and rents are rising, the area is not experiencing the wild appreciation or depreciation swings of many other markets. This is a good indication that the Albuquerque real estate market is a bit more stable than other US markets, which makes investing here less-risky.

Albuquerque has been experiencing steady population growth.

• Albuquerque is experiencing steady population growth, which is a good indication of a strong real estate market.
• Since 2010, the population in Albuquerque has increased by 2.38%.
• The national population grew by 5.29% during this 7-year period.
• This shows us that Albuquerque is experiencing consistent growth year after year. And although this growth is not staggering, it's another indicator that Albuquerque's real estate market will continue to be stable in years to come.

Albuquerque is also experiencing significant job growth, which is a great sign this is a strong real estate market.

• Between August 2017 and August 2018 the number of jobs in the Albuquerque metro increased at a rate of 1.93%.
• Nationally the number of jobs increased by only 1.73% during this period.
• This shows us that the number of jobs in Albuquerque has increased 11% faster than the national average. This is a good sign that more people will continue moving to the area. More people = more demand for rental housing. And this is good news for buy and hold investors.

Albuquerque is affordable

• 3-bedroom homes in Albuquerque are 6% more affordable than the median value nationwide.
• In the neighborhoods where Real Wealth Network members invest home values ​​are 23% less than the average 3 bedroom home nationwide.
• This shows us that Albuquerque real estate is uniquely affordable.

Albuquerque Offers Cash Flow Opportunities

• 3 bedroom homes in Albuquerque can rent for 0.92% or more of the purchase price compared to 0.71% nationally.
• This shows us that there's an opportunity to generate passive monthly cash flow in Albuquerque at a higher rent-to-purchase ratio than the national average.

Albuquerque is stable

• Over the last 7 years, the average 3 bedroom single family home in the Albuquerque metro has appreciated by 15.15% and the median rental price has appreciated by 7%
• This tells us that, while Albuquerque home values ​​and rents are rising, the area is not experiencing the wild appreciation or depreciation swings of many other markets. This is a good indication that the Albuquerque real estate market is a bit more stable than other US markets, which makes investing here less-risky.

Albuquerque's Population is Steadily Growing

• Since 2010 the population in Albuquerque has increased by 2.38%, which is less than the 5.29% growth experienced nationwide.
• This shows us that Albuquerque is experiencing consistent growth year after year. And although this growth is not staggering, it's another indicator that Albuquerque's real estate market will continue to be stable in years to come.