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HomeProperty Insurance6 Most Inexpensive Albuquerque Suburbs

6 Most Inexpensive Albuquerque Suburbs


Albuquerque, NM, a desert paradise, has risen in recognition for these trying to transfer to the Southwest. Albuquerque is residence to 560,000 individuals, historic websites just like the Petroglyph Nationwide Monument, and the Albuquerque Worldwide Balloon Fiesta that’s held each October. When you’re contemplating shopping for a house in Albuquerque, you’ll discover that the median residence sale value is $320,000 and the housing market is considerably aggressive. And in case you’re trying to lease an house in Albuquerque, the common lease value for a two-bedroom house is $1,518.

If these costs don’t match into your price range, don’t fear. We’ve rounded up a listing of the 6 greatest reasonably priced Albuquerque suburbs to think about dwelling in – and so they’re all below a 45-minute drive from the town. That means you’ll be able to stay close by with out paying the value of dwelling in Albuquerque.

albuquerque new mexico downtown with historic architecture

#1: Belen

Median residence value: $205,000
Driving distance from Albuquerque: 45 minutes
Belen, NM properties on the market
Belen, NM flats for lease

With a median residence sale value of $205,000, Belen claims the primary spot on our listing of reasonably priced Albuquerque suburbs. Nearly a 45-minute drive away from Albuquerque, you received’t miss out on what the town has to supply. There are many outdoorsy actions in Belen like trying out Eagle Park and Whitfield Wildlife Conservation Space.

#2: Meadow Lake

Median residence value: $270,000
Driving distance from Albuquerque: 45 minutes
Meadow Lake, NM properties on the market
Meadow Lake, NM flats for lease

Meadow Lake is available in because the second most reasonably priced suburb in Albuquerque. The identical distance from Albuquerque as Belen, you’ll be able to go to the Rio Grande Botanic Backyard in only a fast drive. Some standard issues to do in Meadow Lake are mountaineering at Bosque Peak and trying out one of many native parks.

new mexico balloon festival with yellow and blue colored hot air balloons

#3: Bernalillo (tie)

Median residence value: $280,000
Driving distance from Albuquerque: 20 minutes
Bernalillo, NM properties on the market
Bernalillo, NM flats for lease

Bernalillo is the subsequent suburb on our listing, the place residence costs are about $40K lower than in Albuquerque. About 10,000 individuals stay on this Albuquerque suburb and there are a lot of issues to do in Bernalillo. Some issues to take a look at embrace visiting the Coronado Historic Website or mountaineering on the close by Placitas Trailhead.

#3: Los Lunas (tie)

Median residence value: $280,000
Driving distance from Albuquerque: half-hour
Los Lunas, NM properties on the market
Los Lunas, NM flats for lease

Los Lunas ties Bernalillo for the third spot on our listing, with a median residence sale value of $280,000 and solely a 30-minute drive away from Albuquerque. There are many charming and outdoorsy actions to participate in when dwelling in Los Lunas. If you end up shifting to the third most reasonably priced suburb, be sure that to go to the annual Fiesta de Los Lunas, hike alongside El Cerro de Los Lunas Trailhead, or go to the Los Lunas Museum of Heritage & Arts.

mountain range in affordable albuquerque suburbs

#5: Valencia

Median residence value: $288,000
Driving distance from Albuquerque: half-hour
Valencia, NM properties on the market
Valencia, NM flats for lease

Solely a 30-minute drive into the town, take into account including Valencia to your listing of Albuquerque suburbs to think about shifting to. With 77,000 residents, dwelling to this reasonably priced suburb can hold you shut sufficient to Albuquerque, with out paying the premium for a house there. In Valencia, some standard actions embrace mountaineering, biking, fishing, and horseback driving.

#6: Los Chavez

Median residence value: $290,000
Driving distance from Albuquerque: 40 minutes
Los Chavez, NM properties on the market
Los Chavez, NM flats for lease

Rounding out our listing of Albuquerque suburbs is Los Chavez, the place you’ll discover the house costs are about $30K lower than in Albuquerque. House to roughly 5,000 individuals, Los Chavez is a superb suburb to think about shifting to. Make sure that to drive southwest to hike within the close by Cibola Nationwide Forest or go to the Sevilleta Nationwide Wildlife Refuge.

Methodology: 

Affordability is predicated on whether or not a suburb is lower than the median sale value of Albuquerque and below a 45-minute drive from downtown Albuquerque. Median residence sale value information from the Redfin Knowledge Middle throughout July 2022. Common rental information from Hire.com throughout July 2022. Inhabitants information sourced from United States Census Bureau.

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