ZIP Code 87121 — Albuquerque, NM Home Prices (2026)

The typical home in ZIP 87121 (Albuquerque, New Mexico) is worth about $293,000 at roughly $209 per square foot — 18% more affordable than the Albuquerque median and about the same as the typical U.S. home.

$293,000

Typical home value

$209

Price per sq ft

#13 of 16

Albuquerque ZIPs by value

-18%

vs Albuquerque median

How 87121 compares

ZIP 87121 is one of the more affordable ZIP codes in Albuquerque: its typical home value of $293,000 ranks #13 of the 16 Albuquerque ZIP codes we track (the citywide range runs from $248,000 in 87102 to $760,000 in 87122). Per square foot it costs about $209, against $221 for Albuquerque as a whole, $208 for New Mexico, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 87121	$293,000	$209
Albuquerque, NM	$355,500	$221
New Mexico	$323,500	$208
United States	$294,000	$195

Home value by size in 87121

Using this ZIP’s rate of about $209 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.

Home size	Estimated value
1,000 sq ft	$209,000
1,500 sq ft	$313,500
2,000 sq ft	$418,000
2,500 sq ft	$522,500
3,000 sq ft	$627,000

Salary needed to buy a home in ZIP 87121

To buy the typical $293,000 home in ZIP 87121 with 20% down, you need a household income of roughly $80,000 a year (about $1,860 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $95,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$14,700	$2,310/mo	$99,000/yr
10% (+PMI)	$29,300	$2,210/mo	$95,000/yr
20%	$58,600	$1,860/mo	$80,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in ZIP 87121

At about $209 per square foot, here is roughly how much home different budgets get you in ZIP 87121:

Budget	Approx. size	What that looks like locally
$150k	720 sq ft	below the local median — condos, smaller or older homes
$200k	960 sq ft	below the local median — condos, smaller or older homes
$250k	1200 sq ft	around the typical home here
$300k	1440 sq ft	around the typical home here
$400k	1910 sq ft	above the median — larger homes or the pricier ZIPs

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 87121 home.

Estimate a specific home in 87121

The estimator below is pre-set to ZIP 87121 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.

All Albuquerque ZIP codes by home value

Where 87121 sits among Albuquerque’s 16 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	87122	$760,000	$282
2	87113	$429,000	$246
3	87111	$425,000	$241
4	87109	$383,000	$223
5	87114	$379,000	$204
6	87106	$371,000	$240
7	87120	$363,000	$211
8	87104	$358,000	$257
9	87107	$353,000	$274
10	87123	$345,000	$210
11	87112	$327,000	$211
12	87110	$324,000	$206
13	87121 (this page)	$293,000	$209
14	87108	$287,000	$218
15	87105	$283,000	$198
16	87102	$248,000	$259

ZIP 87121 home prices: frequently asked

What is the average home price in ZIP code 87121? +

The typical home in ZIP 87121 (Albuquerque, NM) is worth about $293,000 as of 2026. That is 18% more affordable than the Albuquerque median of $355,500 and about the same as the U.S. median of $294,000.

What is the price per square foot in 87121? +

About $209 per square foot in 87121, versus $221 across Albuquerque and $208 across New Mexico. At that rate a 1,500 sq ft home runs roughly $313,500 and a 2,500 sq ft home about $522,500.

What salary do you need to buy a house in ZIP 87121? +

For the typical $293,000 home in ZIP 87121, a household income of about $80,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $95,000; with 5% down about $99,000.

Is 87121 an expensive ZIP code? +

Within Albuquerque, 87121 ranks #13 of 16 ZIP codes by typical home value, which makes it one of the more affordable ZIP codes in Albuquerque. Nationally it is about average.

See the full Albuquerque home values page, all New Mexico cities, or price per square foot by ZIP code nationwide.

Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.