87121 — Albuquerque, NM Home Values
Typical home value $292,909 as of June 2026 · 28th of 38 in Albuquerque, NM
Blue: typical home value (Zillow ZHVI) in ZIP code 87121, June 2021 to June 2026. This page shows observed data only; no forecast.
How 87121 compares in the Albuquerque, NM area
ZIP code 87121 (Albuquerque, NM) has a typical home value of $292,909 as of June 2026, ranking 28th of 38 ZIP codes tracked in the Albuquerque, NM area, more expensive than about 29% of ZIP codes in the metro. Prices here have moved +2.2% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +41.4%, from $207,151 in June 2021 to $292,909 in June 2026. Against observed rent, the typical home here sells for 15× the annual rent ($1,632/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
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 87121 has a population of 76,135, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 83.4% Hispanic or Latino, 9.1% White, 2.3% American Indian or Alaska Native, 1.9% Black or African American, 1.8% two or more races, 1.2% Asian, and 0.3% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| ATRISCO HERITAGE ACADEMY HS | 10800 DENNIS CHAVEZ BLV SW, ALBUQUERQUE, NM | 7.9 mi |
| GEORGE I SANCHEZ | 4050 118TH ST SW, ALBUQUERQUE, NM | 7.9 mi |
| CARLOS REY ELEMENTARY | 1215 CERRILLOS RD SW, ALBUQUERQUE, NM | 8.2 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 87121?
$292,909 as of June 2026, the latest month Zillow has published observed data for.
Is 87121 an expensive ZIP code in the Albuquerque, NM area?
87121 ranks 28th of 38 ZIP codes in the Albuquerque, NM area by typical home value, more expensive than about 29% of ZIP codes in the metro.
How much have home values in 87121 changed over the past year?
+2.2% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 87121?
The typical home price is 15× the observed annual rent in this ZIP code ($1,632/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 87121?
76,135, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 87121?
ATRISCO HERITAGE ACADEMY HS (7.9 mi), GEORGE I SANCHEZ (7.9 mi), CARLOS REY ELEMENTARY (8.2 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 87121?
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.