Surrounding submarket Area
Bernalillo, New Mexico is a part of the Northwest Submarket submarket area, and contains zip code 87004.
Bernalillo Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Bernalillo, NM submarket area was $985, which is 23.28% lower than 2014 average rent. This represents a compounded annual growth rate of 4.27%. 2019 vacancy in Bernalillo, NM was 4.00%.
The total population of the city of Bernalillo, NM has grown 21.45% since 2010. As of 2018, the population was 10,105. The median household income of the Bernalillo was $42,396, which is 29.68% lower than the national average.
- submarket area Northwest Submarket
- avg rent $985
- rent growth 23.28%
- vacancy 4.00%
- median income $42,396
- population (2018) 10,105
- population growth 21.45%
- vs. nat'l avg 29.68%
- zip code 87004