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Bernalillo County, NM

RANK #503 / 1001 NAT  ·  #6 / 11 NM  ·  POP 673,930

1YR FORECAST: -0.4%

5YR OUTLOOK: +28%

Bernalillo County's housing market is projected to grow -0.4% over the next year, below the national average.

[01] Why Bernalillo County?

Bernalillo County, New Mexico, is distinguished by its diverse landscapes, from the Rio Grande's cottonwood bosque to the towering Sandia Mountains. The county seat, Albuquerque, is New Mexico's most populous city and a central hub. Commuting within the county and to Albuquerque is facilitated by major interstates like I-25 and I-40, along with public transportation options such as the New Mexico Rail Runner Express and ABQ RIDE buses, many of which are fare-free. The region offers extensive outdoor recreation, including the multi-use Paseo del Bosque Trail, the Sandia Peak Aerial Tramway, and numerous opportunities for hiking, biking, and birdwatching within its diverse natural settings.

Life in Bernalillo County blends urban and rural lifestyles, with a focus on community and access to amenities. The economy is experiencing growth, with ongoing investments in infrastructure and logistics, including the I-40 TradePort Corridor initiative. Local economic development efforts also support small businesses and entrepreneurship, particularly within the food industry through programs like the Semilla Initiative. The county prioritizes quality of life through initiatives supporting community wellness, social and cultural experiences, and access to vital services like healthcare, housing, and job training.

MARKET PROFILE

Western Premium Correction

Bernalillo County is one of 78 U.S. counties in this market profile — stronger than typical on the BoomTown Index. Within this cohort, its recent home-price change of +0.9% runs above the profile's typical -0.8%.

See all 78 Western Premium Correction counties →

[02] Market Snapshot

Housing Ratio
8.6x

Overvalued relative to economy

Home Prices
+0.9%

Below national median

Climate & Terrain
3.8

Favorable climate & terrain

Price/Rent
17x

Above national median (15x)

Housing looks overvalued at 8.6x — home prices are high relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    New Mexico State Government Government
    25,000+
  2. 2
    US Federal Government Government
  3. 3
    Sandia National Laboratories Technology
    10,000+
  4. 4
    Walmart Retail
  5. 5
    University of New Mexico Education
  6. 6
    Presbyterian Healthcare Services Healthcare
  7. 7
    Albuquerque Public Schools Education
  8. 8
    City of Albuquerque Government
    5,000+
  9. 9
    McDonald's Hospitality
    2,500+
  10. 10
    Lovelace Hospitals Healthcare

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Bernalillo County U.S. National

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
673,930
-0.06% YoY
Median Household Income
$69,473
Median Home Value
$292,900
+0.9% 12mo
Median Rent
$1,144
Average Annual Pay
$65,804
+3.6% YoY
Employment
347,374
0.0% YoY
Income-to-Home-Value
0.2372
Near national average
Migration Inflow
1.43%
of pop. from another state
Bachelor's Degree+
38.2%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Building Permits (2025)
1,560
Single-Family Permits
668

[05] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
13.6
per 100K · nat avg 6.3
Firearm Fatalities
26.4
per 100K · nat avg 14.8
Injury Deaths
139.6
per 100K · nat avg 76.3
vs National Average
Well above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

D
AIR QUALITY
GRADE
Median AQI (3yr)
61.7
Moderate
Good Air Days
22%
238 of 1,095 days
Unhealthy+ Days (3yr)
58
Includes 4 Very Unhealthy
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
63
2022
63
2023
59
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$2,142M
TOTAL
PROJECT AMOUNT STATUS
Atrisco Solar and Energy Storage Project
Clenera (operated by Atrisco Energy Storage LLC)
$850M Operating
Magpie Energy Center (Solar & Battery Storage)
NextEra Energy Resources, LLC
$696M Proposed
Corazon Energy Storage LLC
Corazon Energy Storage LLC
$225M Proposed
Sun Lasso Energy Center (Battery Storage)
Sun Lasso Energy, LLC (affiliate of Aypa Power Development, LLC)
$190M Planned
Oso Negro Battery Storage Project
Plus Power
$175M Planned
Amazon Fulfillment Center (ABQ1 & WQQ5) and Sortation Center
Amazon
$6M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

Population Growth -0.1% 20 percentile
Income Growth +4.5% 84 percentile
Vacancy Rate 1.2% 32 percentile
Home Price Change +0.9% 37 percentile
Rent Growth +0.2% 12 percentile
Price/Rent 17x 36 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

Is Bernalillo County, NM a good place to move to?

Bernalillo County scores 49/100 on the Boom Town Index, landing in the middle of the pack among 1001 U.S. counties (#503). Median household income is $69,473. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Bernalillo County affordable?

Bernalillo County leans toward the expensive side. A median home value of $292,900 against an income-to-home-value ratio of 0.24 means housing eats a bigger share of local earnings than the national norm. Renters face $1,144/month on average.

Is Bernalillo County growing or shrinking?

Population and employment in Bernalillo County are both close to flat — population -0.1% YoY and jobs 0.0%. Home values shifted +0.9% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are many people relocating to Bernalillo County?

Not particularly — 1.43% of Bernalillo County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

[10] Similar Counties by Size & Score

Valencia County, NM 48 Otero County, NM 38 Doña Ana County, NM 63 Sandoval County, NM 17 Santa Fe County, NM 13 Chaves County, NM 91 Ocean County, NJ 49 Lancaster County, PA 49