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Albuquerque, New Mexico Mortgage and Housing Information

Population: 448,607
Data Source:US Census Bureau. All figures are from year 2000 unless otherwise noted.

Value of Houses and Condos

A comparison of the average prices of homes in Albuquerque, New Mexico and the U.S.
U.S.New MexicoAlbuquerque
Median home value
in year 2006
$185,200$141,200$172,300

Monthly Owner Costs

Median owner costs for owner-occupied houses and condos in year 2006
U.S.New MexicoAlbuquerque
With a mortgage$1,402$1,076$1,218
Without a mortgage$399$283$339

Ownership of Houses and Condos

Types of mortgages for owner-occupied Houses and Condos in Albuquerque (2006)
Mortgage TypeNumber of Houses and CondosPercent of total
Without a mortgage33,51726.4%
First Mortgage Only70,29555.4%
Second Mortgage and/or Home Equity Loan23,04218.2%
Total126,854100%

Tenancy in Albuquerque

How many people in Albuquerque live in their own home? How many rent their home? Data for houses and condos, from 2006.
Owner-occupied homes126,854
Renter-occupied homes80,163
Homes for sale1,143
Homes for rent5,885
Total224,495

Age of Albuquerque Residents

Median age for males and females (2000).
Males 33
Females 36

Income

Median earnings for the 12 months preceding 2006, residents over 16 years with earnings
U.S.New MexicoAlbuquerque
Median Earnings$27,239$22,254$25,922
Median Earnings, Males$32,396$27,178$30,287
Median Earnings, Females$22,097$18,181$21,754

Males earn $8,533 (39.2%) more than Females in Albuquerque.

Commuting in Albuquerque

Means of transportation to work, workers over 16 years old.
Means of TransportNumber of People
Car, solo167,203
Carpooled26,927
Public Transit3,622
Bicycle2,408
Walking5,785
Other Means1,479
Total, Commuted207,424
Worked from home7,798
Total215,222

Time Spent Commuting in Albuquerque

Time spent commuting in Albuquerque
Time spent in minutesNumber of People
Less than 55,166
5-920,870
10-1434,980
15-1945,857
20-2445,308
25-2913,508
30-3424,483
35-392,334
40-442,925
45-595,151
60-894,164
Over 902,678

Education

Level of higher education for people over 25 years in Albuquerque (2006).
LevelNumber of MalesPercent of MalesNumber of FemalesPercent of Females
Some College33,21521.5%42,27827.3%
Associate Degree10,7376.9%11,4257.4%
Bachelor's Degree27,17217.6%30,27019.6%
Master's Degree15,2099.8%16,14210.4%
Professional Degree4,8393.1%3,7632.4%
Doctorate Degree5,0363.3%2,4881.6%
Total (at least some college)96,20862.2%106,36663.0%
Total over 25154,775100%168,776100%

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