Land and home values in Bernalillo County, New Mexico
Bernalillo County (metro core, Albuquerque, NM) covers 1,161 square miles and 176 census tracts. Residential land is about $10.50 per sq ft at the county median, from $5.32 in its most rural tracts to $18.10 in its most valuable. The typical home is worth about $320,000 and a 2-bedroom rents for about $1,520 a month, as of October 12, 2026.
Open on the satellite mapAll of New MexicoCounty values
| Land: residential | $10.50 | per sq ft |
| Land: residential | $457,380 | per acre |
| Land: quarter-acre lot | $114,345 | 10,890 sq ft |
| Land: farmland | $2,200 | per acre |
| Home: typical (median) | $320,000 | value |
| Home: entry-level | $237,000 | lower quartile |
| Home: upper-end | $396,000 | upper quartile |
| Build new | $177 | per sq ft, no land |
| Rent: 1-bedroom | $1,230 | per month |
| Rent: 2-bedroom | $1,520 | per month |
| Rent: 3-bedroom | $2,100 | per month |
| Rent: 4-bedroom | $2,480 | per month |
| Gross yield, 2-bed | 5.7% | a year |
Price tiers
| Tier | Tracts | Land $/sq ft | Typical home | Rent 2-bed |
|---|---|---|---|---|
| Top tier | 18 | $17.40 | $527,000 | $2,040 |
| Upper | 42 | $12.90 | $391,000 | $1,680 |
| Mid | 59 | $9.88 | $296,000 | $1,500 |
| Entry | 51 | $8.08 | $219,000 | $1,400 |
| Rural | 6 | $4.40 | $156,000 | $825 |
Tiers rank neighborhoods by home value within each metro area; outside metro areas they follow how built-up the land is. They describe prices only.
Cities and towns
Highest-value places
| Place | Type | Land $/sq ft | Typical home |
|---|---|---|---|
| Sandia Heights | Community | $20.50 | $722,000 |
| Edith Enclave | Community | $17.90 | $344,000 |
| Los Ranchos de Albuquerque | Town | $13.30 | $531,000 |
| North Valley | Community | $12.50 | $326,000 |
| Albuquerque | City | $12.30 | $314,000 |
| Carnuel | Community | $12.00 | $318,000 |
| Kirtland AFB | Community | $10.90 | $294,000 |
| Paradise Hills | Community | $9.64 | $274,000 |
Questions people ask
How much is land worth in Bernalillo County, NM?
Residential land in Bernalillo County, NM is about $10.50 per square foot, or $457,380 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $114,345. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Bernalillo County, NM?
The typical (median) home in Bernalillo County, NM is worth about $320,000, with entry-level homes around $237,000 and upper-end homes around $396,000, as of October 2026.
How much is rent in Bernalillo County, NM?
A 2-bedroom rents for about $1,520 a month in Bernalillo County, NM, a 1-bedroom about $1,230 and a 3-bedroom about $2,100 (gross rent including utilities, HUD Fair Market Rent basis).
How much is farmland per acre in Bernalillo County, NM?
Farmland averages about $2,200 an acre in Bernalillo County, NM (USDA, including buildings), well below residential land.
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.