From an ABQ Investor/Realtor

[Leslie Villareal]

One of the things I love most about BP is the chance to connect with so many of you over the years—through messages, posts, and even in person. This community has been a huge part of my growth as both an investor and a broker here in Albuquerque.

Since I’m based in Albuquerque, I thought I’d share a quick snapshot of what’s going on in our market right now for those who are curious:

📊 Market Snapshot

• Median Prices: Right now we’re sitting in the mid $330Ks, which still makes ABQ one of the more affordable markets in the West side of town
• Rates: With mortgages in the 6.5%–7% range, regular buyers have slowed down a bit, but investors are still active using DSCR loans and creative financing.
• Inventory: Around 2 months of supply, so deals move quickly when they’re priced right.

🏡 Rental Market

• Occupancy: Long-term rentals are holding steady at 95%+ occupancy.
• Rents: A 3-bed home will typically lease for $1,800–$2,350/month.
• MTR/STR Demand: Furnished rentals are doing really well, especially near UNM, Uptown, and Old Town. Traveling nurses, film crews, and contractors are keeping occupancy high.

🔑 Opportunities I’m Seeing

• House Hacking: Great potential near UNM and central neighborhoods with casitas/ADUs.
• BRRRR: Still possible in Westgate, South Valley, and some Rio Rancho pockets—good equity plays if you’re willing to rehab.
• STRs: Balloon Fiesta + cultural tourism make these lucrative, though city regulations are tightening, especially downtown.

⚠️ Things to Watch

• Short-term rental rules are evolving, so definitely keep up with local ordinances if that’s your play.

Overall, Albuquerque continues to offer a great mix of affordability, rental demand, and growth potential. 

I’ll be at BPCON in Vegas soon and can’t wait to meet some of you in person—it’s always inspiring to connect with fellow investors face-to-face.

If you’re analyzing deals here in ABQ or just want to compare notes on neighborhoods, feel free to reach out. I’m always happy to connect as both an active investor and broker.

Leslie Villareal
Qualifying Broker | The VillaRealty Group
 🌐 www.VillaRealtyNM.com