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Albuquerque, NM Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,511
Monthly Cash Flow
-$414
Principal + Equity
$2,207
Annual Total Gain
$21,507
Cash on Cash
-5.87%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$150
Occupancy Rate
64.29%
Monthly Revenue
$1,976
Monthly Cash Flow
-$246
Principal + Equity
$2,207
Annual Total Gain
$23,529
Cash on Cash %
-3.48%
Net ROI %
Market Health & Growth
Median Income
$65,604
Population
562,488
LTR Renter %
38.49%
Forecast (1 yr)
2.08%
Appreciation (1 yr)
1.77%
Appreciation (5 yr)
49.93%
Appreciation (10 yr)
94.72%
Job Growth
0.72%
LTR Rentability
Moderate
STR Demand
74
STR Rentals
2,186
Top Public Schools
AAltura Preparatory School
AAces Technical Charter School
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Healthiest Places to Live in America
#79out of 230 markets
Best Cities for Outdoor Activities in America
#62out of 229 markets
Cities with the Best Public Schools in America
#56out of 229 markets
B
Public School
F
Crime And Safety
C
Housing
B
Nightlife
B-
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Albuquerque, NM.
As of September 2021, Albuquerque, NM has regulations in place for short term rentals that investors should be aware of before purchasing a property for this purpose. Some key points to consider include:
1. Zoning regulations: Short term rentals are only allowed in certain zoning districts in Albuquerque. Investors should check the city's zoning map to ensure that the property they are interested in purchasing is located in a zone where short term rentals are permitted.
2. Permit requirements: In Albuquerque, property owners must obtain a Short Term Rental Permit from the city in order to legally operate a short term rental. The permit application process includes submitting documentation such as proof of insurance, a floor plan of the property, and a signed affidavit of compliance with city regulations.
3. Occupancy limits: The city of Albuquerque has specific occupancy limits for short term rentals, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they are adhered to in order to avoid potential fines or penalties.
4. Taxation: Short term rental hosts in Albuquerque are required to collect and remit lodgers' tax on rental income. Investors should familiarize themselves with the city's tax regulations and ensure that they are in compliance with all tax requirements.
5. Noise and nuisance regulations: Albuquerque has noise ordinances in place that prohibit excessive noise and disturbances in residential neighborhoods. Investors should be aware of these regulations and take steps to ensure that their short term rental property does not cause disruptions to neighbors.
Overall, investors considering purchasing a property for short term rental in Albuquerque should thoroughly research and understand the city's regulations and requirements in order to operate their rental property legally and successfully.
Market Trends Over Time
Explore 25 years of market data for Albuquerque, NM, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Albuquerque, NM.
The LTR Genie Score of Albuquerque, NM is 62 and STR Genie Score is 68, indicating a moderate to high level of investment potential in both long-term and short-term rental markets. The LTR Rentability is moderate, with a Rent Growth Rate of 0.0581% and a Net ROI of 25.38%. On the other hand, the STR market shows a higher Net ROI of 27.77% and a solid STR Genie Score of 68, with an Occupancy rate of 64.29% and Revenue of 1976.
The LTR Genie Score may be lower due to the slower rent growth rate and slightly lower ROI compared to the STR market. However, the STR Genie Score is higher, indicating a potentially more lucrative investment opportunity in the short-term rental market.
Albuquerque, NM is known for its diverse economy, affordable housing market, and growing population. The city offers a mix of urban amenities and outdoor recreational opportunities, making it an attractive destination for both long-term and short-term renters.
Based on the metrics provided, Albuquerque, NM appears to be a promising market for both long-term and short-term rental investments. Investors may consider diversifying their portfolio by exploring opportunities in both rental markets to maximize their ROI. However, due diligence and market research are recommended to make informed investment decisions in this market.
LTR Genie Score 76
$212,000
🛏 2 Beds🛁 1.0000 Baths🏙 872 sqft.🏠 CONDO
1405 San Carlos Rd SW APT 7, Albuquerque, NM 87104
