Moving to Albuquerque, NM
Sandia Mountains, Rio Grande bosque, 310 sunny days, and homes under $325K. The Southwest's most undervalued city.
$325K
Median Home
920K
Metro Population
310
Sunny Days
0.7%
Property Tax
Living in Albuquerque
Albuquerque is New Mexico's largest city and one of the most affordable metros in the West. The Sandia Mountains provide a dramatic backdrop and world-class outdoor recreation — skiing, hiking, and the Sandia Peak Tramway (longest aerial tram in the Americas). The Rio Grande bosque trail system runs through the city. Kirtland Air Force Base and Sandia National Laboratories anchor the economy along with UNM, Presbyterian Healthcare, and a growing film industry (Netflix studios). Old Town and Nob Hill offer cultural depth. The Balloon Fiesta every October is internationally famous. Housing is 40-50% cheaper than Denver or Phoenix.
Top Neighborhoods
| Neighborhood | Vibe | Price Range | Best For |
|---|---|---|---|
| Nob Hill | Walkable, eclectic, dining | $250K-$450K | Young professionals |
| Heights/Sandia Foothills | Mountain views, upscale | $350K-$600K | Outdoor enthusiasts |
| North Valley | Rural feel, acequias, artsy | $300K-$500K | Artists, families |
| Westside/Rio Rancho | Suburban, affordable, new | $250K-$380K | Budget families |
| Old Town | Historic, adobe, cultural | $200K-$400K | History lovers |
| Northeast Heights | Established, quiet, family | $280K-$450K | Families, retirees |
Pros & Cons of Albuquerque
✅ Pros
- ✓ 40-50% cheaper than Denver/Phoenix
- ✓ 310 sunny days per year
- ✓ Sandia Mountains in your backyard
- ✓ Rich cultural heritage (Spanish/Native/Anglo)
- ✓ Growing film/tech industry
- ✓ Low property taxes (0.7%)
- ✓ International Balloon Fiesta
⚠️ Cons
- ✗ State income tax (1.7-5.9%)
- ✗ Higher crime in some areas
- ✗ Limited public transit
- ✗ Drought-prone / water concerns
- ✗ Smaller job market
- ✗ Far from major metros
Financing in Albuquerque
- USDA-eligible areas in surrounding Bernalillo County
- VA loans — strong military community (Kirtland AFB)
- NM MFA first-time buyer programs — down payment assistance available
- Property taxes among lowest in the US at ~0.7%
- Adobe/historic homes may need specialized inspection + insurance