ZIP Code Market Report
87111 — Albuquerque, NM
Data through February 2026 · Updated monthly
Avg Home Value
$410,938
▲ 0.1% year-over-year
Month-over-Month
-0.2%
▼ 0.2%
Single Family
$417,465
Condo / Co-op
$264,399
The average home value in the 87111 ZIP code (Albuquerque, NEW-MEXICO) is $410,938 as of February 2026. Home prices are stable, up 0.1% compared to last year.
A 3-bedroom home in 87111 is valued at $393,158. Single-family homes average $417,465, while condos average $264,399.
The market in 87111 has a $282,150 spread between bottom-tier homes at $330,596 and top-tier homes at $612,746. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 87111 ZIP code will decrease 0.4% over the next 12 months, bringing the projected average to approximately $409,294. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Sandoval County market area in NEW-MEXICO. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Sandoval County report.
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Market Snapshot
87111 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $412,718 | $411,724 | $410,938 | ▼ 0.4% |
| Single Family Value | $415,935 | $416,626 | $417,465 | ▲ 0.4% |
Home Values
87111 Home Value Trend
Historical home values for ZIP code 87111. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 87111
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $303,256 |
| 3 Bedrooms | $393,158 |
| 4 Bedrooms | $521,797 |
Property Types
Home Values by Property Type in 87111
How different property types compare in this ZIP code.
All Homes
$410,938
Single Family
$417,465
Condo / Co-op
$264,399
Bottom Tier
$330,596
Top Tier
$612,746
Forecast
12-Month Home Value Forecast for 87111
Zillow projects home values in 87111 will decrease 0.4% over the next year, reaching approximately $409,294.
Current Value
$410,938
Projected Change
-0.4%
▼ 0.4%
Projected Value
$409,294
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 87111 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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