A typical North Valley home is worth roughly $351,000
Home prices around North Valley have risen about 52% over the past 5 years.
What kind of housing town is North Valley?
Read from the numbers below. The page puts what stands out first.
9 of North Valley’s houses are on the National Register
Half of North Valley’s homes were built before 1978.
New Mexico: 70% own.
U.S. Census Bureau, American Community Survey 2020-2024. Historic houses: National Register of Historic Places.
Home prices up 52% in 5 years
The federal house price index for the ZIP codes around North Valley rose 52% over the past 5 years, about the same as across New Mexico. Last year prices rose 2.5%. Carrying the Census median home value forward with that index puts the typical North Valley home at roughly $351,000 today.
Carrying the Census median forward with the index puts a typical home at about $351K.
How North Valley ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around North Valley, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs 5.7 years of income
More than across New Mexico (5 years). Try your own numbers below.
That’s $106K short of a typical North Valley home.
A two-bedroom rents for about $1,610 a month here, $430 less than owning.
How North Valley ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, North Valley’s typical property tax (0.70% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,610
Renters already here pay a median of $893, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Albuquerque, NM MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
North Valley vs. its neighbors
North Valley is the 2nd least expensive of 3 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| North Valley | $351K* | +2.5%† | $1,610 | — | $61,498 |
| Albuquerque | $346K | +1.6% | $1,560 | 1,417 | $68,317 |
| Los Ranchos de Albuquerque | $713K | +4.4% | $1,330 | — | $72,992 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What North Valley buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Historic houses: National Register of Historic Places. Listings link to their publishers. The calculator is an estimate, not a loan offer.