A typical South Valley home is worth roughly $271,000
Home prices around South Valley have risen about 60% over the past 5 years.
Home prices up 60% in 5 years
The federal house price index for the ZIP code around South Valley rose 60% over the past 5 years, faster than across New Mexico (50%). Last year prices fell 0.9%. Carrying the Census median home value forward with that index puts the typical South Valley home at roughly $271,000 today.
Carrying the Census median forward with the index puts a typical home at about $271K.
How South Valley ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around South 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 4.7 years of income
Less than across New Mexico (5 years). Try your own numbers below.
That’s $38K short of a typical South Valley home.
A two-bedroom rents for about $1,280 a month here, $300 less than owning.
How South Valley ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, South Valley’s typical property tax (0.67% 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 $1,280
Renters already here pay a median of $954, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
How South Valley ranks on rent that’s easy to afford →
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.
1 of South Valley’s houses are on the National Register
Half of South Valley’s homes were built before 1970.
New Mexico: 70% own.
U.S. Census Bureau, American Community Survey 2020-2024. Historic houses: National Register of Historic Places.
South Valley vs. its neighbors
The towns that share a border with South Valley. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| South Valley | $271K* | −0.9%† | $1,280 | — | $58,224 |
| Albuquerque | $346K | +1.6% | $1,560 | 1,417 | $68,317 |
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 South 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.