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About 87111, Albuquerque

Zip code 87111 is a zip code located in Albuquerque, New Mexico. It covers an area of 21.68 square miles and has a population of close to 57,789 people, which has grown by 1.5% since 2020. There are 2,662 people per square mile as per population density. The population of zip code 87111 is diverse with the largest groups being White (58.7%) followed by Hispanic (27.6%) and Asian (4.3%). The median age of the population is 30.3, and the median household income is $61,879, which is slightly higher than the state average. The cost of living in Albuquerque (zip 87111) is 0.8% less expensive than the national average. In the 87111 zip code, September, May, and June are the most pleasant months, while December and January are the coldest.

Real Estate Market 87111, Albuquerque

The real estate market in zipcode 87111 is a bustling and thriving one. Located in the heart of Albuquerque, New Mexico, 87111 is particularly popular with families who want to be close to the many attractions that Albuquerque has to offer. The housing market in 87111 is highly competitive and desirable. Homes range from small, charming bungalows to larger, modern homes. The housing market in 87111 is incredibly competitive. Homes in 87111 typically receive 3 offers and sell after 21 days. In 2022, the average sale price of a house in 87111 was $347K, a 6.5% decrease from the previous year. In 87111, the average sale price per square foot is $200, an increase of 12.4% from the previous year. Most two-bedroom apartments in 87111 are rentals. The average monthly rent for a two-bedroom apartment is $1,000+, including utilities.