Housing market/New Mexico/ZIP 87114
ZIP 87114 Albuquerque, New Mexico
Albuquerque, NM MSA · New Mexico. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 87114 · NM — sent to you.
ZIP 87114 · NM
ACS rent vs 2BR SAFMR
ZIP 87114 — Albuquerque, NM HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 87114
- 1-unit detached20,99274.9%
- 1-unit attached5502.0%
- 2–4 units1,4485.2%
- 5–49 units2,5889.2%
- 50+ units1,6535.9%
- Mobile8072.9%
2–4 unit share 5.2% · 5–49 unit share 9.2% · combined 2–49 14.4%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,321 (all bedrooms, occupied rentals).
- Median contract rent $1,180.
- Renters paying ≥30% of income 47.1%; ≥50% 25.1%.
- FY2027 2BR SAFMR $1,560 (1.181× ACS median gross rent).
Population
70,064 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +2.0%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 7 projects, 1,104 units.
- HUD project-based assisted MF: not published for this ZIP.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 888 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 87114 31.7% of occupied households are renters; vacancy is 2.1%; ACS median gross rent is $1,321; population increased +2.0% between the 2018 and 2023 ACS vintages; the housing stock includes 1,448 units in 2–4-unit structures and 2,588 units in 5–49-unit structures; 7 LIHTC projects totaling 1,104 units; FY2027 2BR SAFMR is $1,560 versus ACS median gross rent of $1,321. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
New Mexico research
ZIP 87114 is a Census / HUD profile for Albuquerque, NM. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 87114 — Albuquerque, NM HUD Section 8 Payment Standards / SAFMR·New Mexico ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is New Mexico research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 87114?
ZIP 87114 (Albuquerque, NM MSA) has 70,064 residents, 27,445 households, a renter share of 31.7%, median household income of $81,768, and ACS 2023 median gross rent of $1,321. Vacancy is 2.1%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 87114?
ACS counts 209 units in 2-unit buildings, 1,239 in 3–4 unit buildings, 800 in 5–9, 1,079 in 10–19, and 709 in 20–49. Combined 2–49 unit stock is 4,036 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 87114?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,560. See the full schedule and 90–110% payment-standard band on the ZIP 87114 — Albuquerque, NM HUD Section 8 Payment Standards / SAFMR.
Does this New Mexico ZIP profile include Georgia listings?
No. ZIP 87114 is Census / HUD research for Albuquerque, NM MSA. Jeff Crowe CRE does not list New Mexico property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.