Average Rent in Albuquerque, NM & Real Estate Market Forecast 2026

Short-Term Rental (STR) Regulations

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.