87123, Albuquerque, NM

The 87123 zip code of Albuquerque, NM has a median home value of $137,000. The majority of homes in this zip code are owned by individuals and families. Home values have increased significantly over the past few years, as the demand for housing in Albuquerque continues to increase.

There are a number of factors that contribute to the high home values in this zip code. First and foremost, Albuquerque is one of the most desirable cities in the United States. It is located in one of the most prosperous regions of the country, and has a strong economy that is continuing to grow. Additionally, there is a large population base within this zip code – which means there is an ample supply of potential buyers who are interested in purchasing homes here.

Despite these positive factors, there are some challenges facing home prices in this zip code. One issue is that there is limited inventory available for sale – which means that it can take longer for buyers to find a suitable home and negotiate a deal on it. Additionally, interest rates have been relatively low recently, which may make it more difficult for people to afford a home here than elsewhere in the country.