And although this growth isn’t staggering, it’s another indicator that Albuquerque’s real estate market will continue to be stable in years to come. This shows us that Albuquerque is experiencing consistent growth year after year. The national population grew by 6% during this period. Since 2010, the population in Albuquerque has increased by 3%.In Albuquerque, the median monthly rent of all homes was $1,385, which is a 0.50% price to rent ratio. was $1,879, which is 0.59% of the median purchase price of $316,368. In 2022, the median monthly rent of all homes in the U.S.This is 12% less than the median value nationwide. The median price of the average home in Albuquerque is $277,530 as of January 2022.One of the biggest advantages of Albuquerque’s low property tax rate is the potential for stronger cash flow. As such, property taxes for homeowners in New Mexico are, on average, $800 less than they are nationally. New Mexico’s property tax rates are also among the lowest in the country. Even with a jump in job losses over the last few years, the state’s economy should bounce back relatively quickly when COVID-19 is over.
Before the pandemic, New Mexico’s GDP growth rate was fourth-best in the nation, with rising wages. This expansion by Netflix is expected to produce roughly 1,000 more jobs in the coming years.Īlbuquerque’s economy has been impacted by the Coronavirus pandemic, just like the rest of the country.
Netflix plans to expand its production site by 300 acres and agrees to spend more than $1 billion over the next decade. It is also home to Intel, Sandia National Laboratories and Kirtland Air Force Base. It’s home to most notably, the University of New Mexico, along with 10 other educational institutions.Īlbuquerque’s elevation of 5,326 feet is the highest of any metropolitan area in the entire nation.Īt the center of New Mexico’s “Technology Corridor,” Albuquerque has a concentration of high-tech private companies and government institutions. Located in the middle of the Rio Grande valley, Albuquerque is the most populous city in the state of New Mexico and the 32nd-most populous city in the United States.Īlbuquerque is a culturally rich and naturally beautiful metropolitan area. Find out what makes them great places to invest and why. In this article, you’ll learn about 21 of these best real estate markets for the year 2022. There are several cities across the United States where these factors exist today - places where you can buy high cash flow rental property while prices are still low (around $150,000-$200,000 in many cases), and watch your equity grow. When you find a market that has all three, you’ll probably be able to find good investment opportunities for both cash flow and appreciation. In my decades of experience buying single and multi family rental properties around the United States and abroad, I’ve found that the best cities to invest in have three factors in common: job growth, population growth and affordability.
Where you end up investing will depend largely on your personal investment goals. But before we launch into our recommendations for where to invest this year, there are a few things to note.įirst, understand that the best real estate market for you may not be the best one for your neighbor or your coworker. If you’re wondering where to buy real estate in 2022, this article is for you.