There are many innovative real estate investing opportunities in the various cities in Bernalillo County, New Mexico. One such opportunity is to invest in a fixer-upper home and then either rent it out or sell it for a profit. Another option is to invest in a vacant lot and build a new home on it. There are also opportunities to buy commercial properties and then lease them out to businesses.
The city of Albuquerque is the largest city in Bernalillo County and has a population of over 550,000 people. The median home value in Albuquerque is $175,000, which is lower than the national average of $219,700. The median rent price in Albuquerque is $949, which is also lower than the national average of $1,095. There are many neighborhoods in Albuquerque that offer great opportunities for real estate investors.
One such neighborhood is Downtown Albuquerque. Downtown Albuquerque has seen a resurgence in recent years with new businesses moving into the area. The median home value in Downtown Albuquerque is $250,000, which is higher than the overall median home value for the city. The median rent price in Downtown Albuquerque is $1,195, which is also higher than the overall median rent price for the city. There are many historic homes and buildings located in Downtown Albuquerque that have been renovated into office space or apartments. These properties can be great investments for those looking to lease out office space or apartments.
Another neighborhood that offers great opportunities for real estate investors is Nob Hill. Nob Hill is one of the most desirable neighborhoods in Albuquerque with a median home value of $325,000 and a median rent price of $1,395. There are many boutique shops and restaurants located in Nob Hill as well as some large employers such as UNM Hospital and Presbyterian Healthcare Services
Price Index: Albuquerque, NM