87120, Albuquerque, NM

The 87120 zip code of Albuquerque, NM has a population of around 527,000 people and is home to a number of different neighborhoods. The most popular neighborhoods in the 87120 zip code are Downtown Albuquerque, Old Town Albuquerque, Nob Hill, and University Heights.

Home prices in the 87120 zip code have been on the rise for some time now. In 2017, the median home price in the 87120 zip code was $269,500. This is up from $227,500 in 2016 and $209,000 in 2015. The average home price in the 87120 zip code has also been on the rise over this time period. In 2017, the average home price was $291,100. This is up from $271,700 in 2016 and $236,600 in 2015.

There are a number of factors that may be contributing to this increase in home prices in the 87120 zip code. Some of these factors include an increasing demand for housing due to an influx of new residents into Albuquerque as well as an increase in job opportunities within the city. Additionally, low interest rates have made it more affordable for potential homeowners to purchase homes than it has been historically at this point in time.