Albuquerque, NM, a desert paradise, has risen in reputation for these seeking to transfer to the Southwest. Albuquerque is dwelling to 560,000 individuals, historic websites just like the Petroglyph Nationwide Monument, and the Albuquerque Worldwide Balloon Fiesta that’s held each October. When you’re contemplating shopping for a house in Albuquerque, you’ll discover that the median dwelling sale value is $320,000 and the housing market is considerably aggressive. And in the event you’re seeking to hire an house in Albuquerque, the common hire value for a two-bedroom house is $1,518.
If these costs don’t match into your finances, don’t fear. We’ve rounded up an inventory of the 6 finest inexpensive Albuquerque suburbs to contemplate dwelling in – they usually’re all below a 45-minute drive from the town. That approach you’ll be able to dwell close by with out paying the worth of dwelling in Albuquerque.
With a median dwelling sale value of $205,000, Belen claims the primary spot on our checklist of inexpensive Albuquerque suburbs. Nearly a 45-minute drive away from Albuquerque, you gained’t miss out on what the town has to supply. There are many outdoorsy actions in Belen like testing Eagle Park and Whitfield Wildlife Conservation Space.
#2: Meadow Lake
Meadow Lake is available in because the second most inexpensive suburb in Albuquerque. The identical distance from Albuquerque as Belen, you’ll be able to go to the Rio Grande Botanic Backyard in only a fast drive. Some well-liked issues to do in Meadow Lake are mountain climbing at Bosque Peak and testing one of many native parks.
#3: Bernalillo (tie)
Bernalillo is the following suburb on our checklist, the place dwelling costs are about $40K lower than in Albuquerque. About 10,000 individuals dwell on this Albuquerque suburb and there are a lot of issues to do in Bernalillo. Some issues to take a look at embrace visiting the Coronado Historic Web site or mountain climbing on the close by Placitas Trailhead.
#3: Los Lunas (tie)
Los Lunas ties Bernalillo for the third spot on our checklist, with a median dwelling sale value of $280,000 and solely a 30-minute drive away from Albuquerque. There are many charming and outdoorsy actions to participate in when dwelling in Los Lunas. If you end up transferring to the third most inexpensive suburb, make sure that to go to the annual Fiesta de Los Lunas, hike alongside El Cerro de Los Lunas Trailhead, or go to the Los Lunas Museum of Heritage & Arts.
Solely a 30-minute drive into the town, take into account including Valencia to your checklist of Albuquerque suburbs to contemplate transferring to. With 77,000 residents, dwelling to this inexpensive suburb can hold you shut sufficient to Albuquerque, with out paying the premium for a house there. In Valencia, some well-liked actions embrace mountain climbing, biking, fishing, and horseback using.
#6: Los Chavez
Rounding out our checklist of Albuquerque suburbs is Los Chavez, the place you’ll discover the house costs are about $30K lower than in Albuquerque. Dwelling to roughly 5,000 individuals, Los Chavez is a good suburb to contemplate transferring to. Be certain to drive southwest to hike within the close by Cibola Nationwide Forest or go to the Sevilleta Nationwide Wildlife Refuge.
Affordability is predicated on whether or not a suburb is lower than the median sale value of Albuquerque and below a 45-minute drive from downtown Albuquerque. Median dwelling sale value information from the Redfin Knowledge Heart throughout July 2022. Common rental information from Lease.com throughout July 2022. Inhabitants information sourced from United States Census Bureau.
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