87114, Albuquerque, NM

The 87114 zip code of Albuquerque, NM is located in the southeastern part of the state and has a population of around 350,000. The median household income in this zip code is $50,000 and the median home value is $145,000. Home equity and home prices have been on the rise in this area over the past few years. In 2017, home equity increased by 5% while home prices increased by 7%. This trend seems to be continuing into 2018 as both home equity and home prices have continued to increase.

One reason for this increase in home values may be that there are relatively few homes for sale in this zip code. In addition, many homes here are older and have been well-maintained. Another factor that may be contributing to the increase in home values is low interest rates. Finally, there is a strong demand for housing in Albuquerque due to its high quality of life and affordable cost of living.