Bernalillo County, NM real estate

What the numbers say

Bernalillo County, NM real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

In September 2026, the median home in Bernalillo County listed for $404,500, up 1.4% from a year earlier. That is 1% above the New Mexico median of $399,475.

Homes spent a median of 63 days on the market, slower than 61 days a year ago. That makes Bernalillo County the #3 fastest-selling of 12 New Mexico counties we track.

Homeowners in Bernalillo County pay a median of $2,629 a year in property taxes on a median home value of $292,900, an effective rate of about 0.90%. The New Mexico average is 0.70%, which makes Bernalillo County the #32 lowest-tax of 33 counties in the state with published tax data.

Renters pay a median of $1,144 a month, and $1,196 for a two-bedroom. At today's prices a typical home costs about 29 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $405,000 home here comes to about $2,676 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $115,000 a year (the median household here earns $69,473).