Albuquerque, NM

Population: 556,495
Average annual home appreciation rate: 3.28%
Total of homes for sale in this market: 5,704
Median home price: $184,711
Median Rent: $816 per room
Home price range: 44.32% of homes are between $99,001 – $198,000
Median sales price: Gathering Data
Number of homes: 2,342
Median foreclosure sales price: $145,782
Foreclosure discount: $38,929 (21.78%)
Most common home type: 61.71% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 7.40%
Number of renters: 40.64%
Number of owner occupied: 59.36%
Number people living below poverty level: 17.87%
Unemployment rate: 5.50%
Is this area perfect for real estate deals going on right now? With the possitive appreciation rates, incredible home prices and great rental rates, it could be the combination for success for the savvy investor in Albuquerque.

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