SIALIMStatistical Intelligence for America's Local Investment Markets

87008Cedar Crest, NM Home Values

Typical home value $472,989 as of June 2026 · 5th of 38 in Albuquerque, NM

Typical value — June 2026
$472,989
observed, not a forecast
Past 12 months
+3.4%
trailing year-over-year change
Past 5 years
+29.0%
June 2021 to June 2026
Rank in metro
5th
of 38 ZIP codes, by value

Blue: typical home value (Zillow ZHVI) in ZIP code 87008, June 2021 to June 2026. This page shows observed data only; no forecast.

How 87008 compares in the Albuquerque, NM area

ZIP code 87008 (Cedar Crest, NM) has a typical home value of $472,989 as of June 2026, ranking 5th of 38 ZIP codes tracked in the Albuquerque, NM area, more expensive than about 89% of ZIP codes in the metro. Prices here have moved +3.4% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +29.0%, from $366,601 in June 2021 to $472,989 in June 2026.

Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Albuquerque, NM forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Albuquerque.

Population and demographics

ZIP code 87008 has a population of 2,338, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 76.1% White, 18% Hispanic or Latino, 5.2% two or more races, and 0.7% Asian.

Nearby public schools

SchoolAddressDistance
SAN ANTONITO ELEMENTARY12555 N HWY 14, SANDIA PARK, NM3.8 mi
EAST MOUNTAIN HIGH SCHOOL25 LA MADERA ROAD, SANDIA PARK, NM3.8 mi
ROOSEVELT MIDDLE11799 STATE HIGHWAY 14S, TIJERAS, NM5 mi

Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.

Frequently asked questions

What is the typical home value in ZIP code 87008?

$472,989 as of June 2026, the latest month Zillow has published observed data for.

Is 87008 an expensive ZIP code in the Albuquerque, NM area?

87008 ranks 5th of 38 ZIP codes in the Albuquerque, NM area by typical home value, more expensive than about 89% of ZIP codes in the metro.

How much have home values in 87008 changed over the past year?

+3.4% over the trailing 12 months, from observed Zillow data.

What is the population of ZIP code 87008?

2,338, per the US Census Bureau's American Community Survey 5-year estimate.

What are the closest public schools to ZIP code 87008?

SAN ANTONITO ELEMENTARY (3.8 mi), EAST MOUNTAIN HIGH SCHOOL (3.8 mi), ROOSEVELT MIDDLE (5 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.

Is this page showing a forecast for 87008?

No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Albuquerque, NM forecast for a modeled outlook.

ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.