87112, Albuquerque, NM

The 87112 zip code of Albuquerque, NM has a median home value of $131,200 and a median home equity value of $87,600. The 87112 zip code is one of the most affordable zip codes in Albuquerque with a median home value below the statewide median home value. The 87112 zip code also has one of the highest percentages of homeowners with equity in their homes.

Homeownership rates in the 87112 zip code are above the statewide average and are higher than most other Albuquerque zip codes. The percentage of homeowners in the 87112 zip code is 73%, which is above the statewide average of 62%. Homeownership rates in the 87112 are also higher than most other New Mexico ZIP codes.

The percentage of households that own their homes outright is lower than in most other Albuquerque ZIP codes but is still high compared to nationwide averages. In the 87112, 43% of households own their homes outright, which is below both statewide averages (47%) and national averages (36%). However, this percentage is still high when compared to other Albuquerque ZIP codes.

The percentage of households that have equity in their homes is also high in the 87112 zip code. In the 87112, 56%of households have equity in their homes, which is above both statewide averages (50%) and national averages (45%). This indicates that many homeowners in the 87112 have enough money saved up to cover any potential repairs or upgrades to their homes without having to take on additional debt.