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1031 Exchange Albuquerque, New Mexico

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Albuquerque due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Albuquerque, New Mexico is a part of the Albuquerque, NM metropolitan area, and contains 42 zip codes, including: 87107, 87123, 87106, 87197, 87103, and 87115.

Albuquerque Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Albuquerque, NM metropolitan area was $868, which is 17.46% lower than 2014 average rent. This represents a compounded annual growth rate of 3.27%. 2019 vacancy in Albuquerque, NM was 3.90%.

The total population of the city of Albuquerque, NM has grown 2.63% since 2010. As of 2018, the population was 560,218. The median household income of the Albuquerque was $51,128, which is 15.20% lower than the national average.

  • metropolitan area Albuquerque, NM
  • avg rent $868
  • rent growth 17.46%
  • vacancy 3.90%
  • median income $51,128
  • population (2018) 560,218
  • population growth 2.63%
  • vs. nat'l avg 15.20%
  • zip codes 87101 87102 87103 87104 87105 87106 87107 87108 87109 87110 87111 87112 87113 87114 87115 87116 87119 87120 87121 87122 87123 87125 87131 87151 87153 87154 87158 87176 87181 87184 87185 87187 87190 87191 87192 87193 87194 87195 87196 87197 87198 87199

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