ZIP Code Market Report · Updated May 2026
Is 87101 a Buyer's
or Seller's Market?
📍 Albuquerque, New Mexico · NM
62
🔵 COOLING
Buyer has leverage
35 days avg on market · Tax rate: 0.73%/yr
Mortgage Breakdown — 87101
Median Price$310,000
20% Down$62,000
Loan Amount$248,000
Rate (~6.7%)$1,600/mo P&I
Property Tax$188/mo
Total PITI$1,917/mo
Income Needed$63,900/yr
Educational purposes only. Market data is estimated. Not financial advice. Always verify with a licensed professional.
The other half of the answer
Prices tell you what a house costs here. They do not tell you whether a lender will approve the loan — and that varies more than almost anyone realises.
20.9%
of FHA applications denied in Albuquerque, NM, 2025 · national 22.1%
GUILD MORTGAGE COMPANY
6.0% United Wholesale Mortgage
23.5% DHI Mortgage Company, LTD.
24.3% A 26.5-point spread between the busiest FHA lenders in this metro.
Loans under $150K denied at 46.3% versus 17.3% above $250K.
CFPB HMDA 2025, computed by FinanceRateCalc. Covers the highest-volume lenders published for this market, not all lenders. Rates reflect applicant mix as well as lender practice — historical observations, not predictions. CC BY 4.0, not independently reproduced.
The Denial Dispatch
One finding a week from the federal mortgage record.
One chart, three paragraphs, every Saturday. Measured, not assumed.
Get the Dispatch →