Los Ranchos De Albuquerque, New Mexico Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Los Ranchos De Albuquerque, New Mexico rental market.
Los Ranchos De Albuquerque, New Mexico
Average Apartment Rent
$1,524
Y-o-Y Change in Average
Apartment Rent
6.4%
As of July 2024
Compared to a year ago, Los Ranchos De Albuquerque, New Mexico apartments have recorded a 6.4% rent increase.
Los Ranchos De Albuquerque, New Mexico Average apartment rent trend
Los Ranchos De Albuquerque, New Mexico Average Apartment Rent
Los Ranchos De Albuquerque, New Mexico Apartment rent ranges
At 49.08%, apartments priced $1,000 - $1,500 represent the bulk of Los Ranchos De Albuquerque, New Mexico rentals, while condos priced $700 - $1000 hold the lowest share of the market – 5.47%.
Los Ranchos De Albuquerque, New Mexico Housing tenure**
Renters take up 23% of Los Ranchos De Albuquerque, New Mexico real estate, occupying a total of 559 units, while homeowners live in 1,887 properties.
Median number of rooms of renter-occupied housing units**
3.6
Renter median household income**
$29,688
Average household size of renter-occupied housing units**
1.53
Los Ranchos De Albuquerque, New Mexico Renter-occupied housing units by no. of bedrooms**
There are 332 rentals in Los Ranchos De Albuquerque, New Mexico with 1 bed making up the highest share of the market, at 59%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 9 units. Overall, the median number of rooms in Los Ranchos De Albuquerque, New Mexico homes for rent is 3.6.
Los Ranchos De Albuquerque, New Mexico Renter-occupied units by age of householder**
Most condos for rent in Los Ranchos De Albuquerque, New Mexico are occupied by residents in the 65 - 74 years age group (26%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 1%.
Los Ranchos De Albuquerque, New Mexico Renter-occupied housing units by family type**
Los Ranchos De Albuquerque, New Mexico Renter-occupied housing units by the presence of own children**
A total of 143 apartments for rent in Los Ranchos De Albuquerque, New Mexico, or 26% of all rentals are family households. Additionally, 18% of rental homes include children under the age of 18 – that’s 102 units. All in all, the median size of a renter-occupied household in Los Ranchos De Albuquerque, New Mexico is 1.53.
Los Ranchos De Albuquerque, New Mexico Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 35% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Los Ranchos De Albuquerque, New Mexico.
Los Ranchos De Albuquerque, New Mexico Renter-occupied units by year structure built**
The highest share of Los Ranchos De Albuquerque, New Mexico apartment rentals, namely 25% or 139 units, were Built 1960 - 1969, followed by those Built 1980 - 1989 (24%, 134 units), and the ones Built 2000 - 2009 (17%, 96 units).
Los Ranchos De Albuquerque, New Mexico Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Los Ranchos De Albuquerque, New Mexico renters (48%) moved in 2018 to 2020, while only 3% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Los Ranchos De Albuquerque, New Mexico condos for rent is 2018.
Los Ranchos De Albuquerque, New Mexico Renter-occupied housing units by vehicles available**
When it comes to transportation options, 76% of Los Ranchos De Albuquerque, New Mexico renters have 1 vehicle available per household, 18% of them have No vehicle available, and 5% have 3 vehicles available.
Los Ranchos De Albuquerque, New Mexico Means of transportation to work of householders living in renter-occupied housing units**
Los Ranchos De Albuquerque, New Mexico Geographical mobility in the past year for householders living in renter-occupied housing units**
Los Ranchos De Albuquerque, New Mexico Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Los Ranchos De Albuquerque, New Mexico apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
