Albuquerque, NM variant. This is a Albuquerque, NM-specific version of the Rental Yield Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Rental Yield Calculator.
Albuquerque's gross rental yield - annual rent ÷ property price - is about 4.9%, based on $1,300/month rent on a $320,000 median home.
Rental yield in Albuquerque
Gross yield = ($1,300 × 12) ÷ $320,000 = 4.9%. Net yield subtracts property tax (0.85%), insurance, vacancy, and maintenance.
High-price metros tend to show lower yields (price outruns rent); affordable metros often yield more. Albuquerque's sub-5% gross yield signals an appreciation-driven market.
About Albuquerque, NM
Albuquerque applies New Mexico's gross receipts tax, which functions much like a sales tax on goods and services.
Albuquerque's home prices remain moderate relative to the national market.
Albuquerque's economy includes government, national laboratories, and healthcare, with a cost of living below the national average.
Worked example: Albuquerque yield
Annual rent $15,600 ÷ price $320,000 = 4.9% gross. After 0.85% property tax and ~1% maintenance, net yield is meaningfully lower.
Quick reference
- Median home value: $320,000
- Median rent: $1,300/mo
- Median household income: $64,254
- Local sales tax: 7.875%
- Effective property tax rate: 0.85%
- Cost of living index: 92 (US avg = 100)
Frequently Asked Questions
What is a good rental yield?
Many investors target 6-8% gross; Albuquerque runs about 4.9%.
How is rental yield calculated?
Gross yield = annual rent ÷ purchase price. Net yield also subtracts taxes, insurance, vacancy, and upkeep.