1031 Exchange Bernalillo, New Mexico

 

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

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