87120 — Albuquerque, NM Home Values
Typical home value $363,606 as of June 2026 · 16th of 38 in Albuquerque, NM
Blue: typical home value (Zillow ZHVI) in ZIP code 87120, June 2021 to June 2026. This page shows observed data only; no forecast.
How 87120 compares in the Albuquerque, NM area
ZIP code 87120 (Albuquerque, NM) has a typical home value of $363,606 as of June 2026, ranking 16th of 38 ZIP codes tracked in the Albuquerque, NM area, more expensive than about 61% of ZIP codes in the metro. Prices here have moved +1.3% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +32.4%, from $274,541 in June 2021 to $363,606 in June 2026. Against observed rent, the typical home here sells for 18.5× the annual rent ($1,641/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 87120 has a population of 65,477, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 54.5% Hispanic or Latino, 32.6% White, 3.9% American Indian or Alaska Native, 3% Black or African American, 2.4% Asian, 2.1% two or more races, 1.3% another race, and 0.1% Native Hawaiian or Pacific Islander.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| SW AERONAUTICS MATHEMATICS AND SCIENCE ACADEMY | 4100 AEROSPACE PKWY BW, ALBUQUERQUE, NM | 1.9 mi |
| HORIZON ACADEMY WEST | 3021 TODOS SANTOS NW, ALBUQUERQUE, NM | 2.7 mi |
| TRES VOLCANES COMMUNITY COLLABORATIVE SCHOOL | 9601 TIERRA PINTADA NW, ALBUQUERQUE, NM | 2.8 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 87120?
$363,606 as of June 2026, the latest month Zillow has published observed data for.
Is 87120 an expensive ZIP code in the Albuquerque, NM area?
87120 ranks 16th of 38 ZIP codes in the Albuquerque, NM area by typical home value, more expensive than about 61% of ZIP codes in the metro.
How much have home values in 87120 changed over the past year?
+1.3% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 87120?
The typical home price is 18.5× the observed annual rent in this ZIP code ($1,641/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 87120?
65,477, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 87120?
SW AERONAUTICS MATHEMATICS AND SCIENCE ACADEMY (1.9 mi), HORIZON ACADEMY WEST (2.7 mi), TRES VOLCANES COMMUNITY COLLABORATIVE SCHOOL (2.8 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 87120?
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.