87109, Albuquerque, NM

The 87109 zip code of Albuquerque, NM has a median home value of $137,500. The city has a population of around 585,000 people and is located in the southwestern part of the state. Home prices in this area have been increasing steadily over the past few years as demand for housing continues to increase.

In terms of home equity, many residents in this zip code are able to access a significant amount of equity in their homes. This is likely due to the strong economy and low interest rates that have prevailed over the past few years. In fact, according to Zillow’s recent report on home values in America’s 100 largest cities, Albuquerque ranks as one of the top 10 cities with the highest home equity levels.

While there are some concerns that rising interest rates could lead to a decrease in home values in this area, at present it seems that prices will continue to rise for at least another year or two. This is good news for residents who are looking to buy or sell their homes and get a significant return on their investment.