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Multifamily Market Updates 2024
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SERIES:
Multifamily Market Updates 2024
MARKET:

Albuquerque MSA | NM

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Author: Jason D. Beakley, Certified General Appraiser
Published: July 10, 2024

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Population Trends
Supply
Demand
Population Estimate
Total Households
Percentage of Income Qualified Households
Income Qualified Households Income Band
Propensity of Renter Occupied Housing
Existing Competitive Supply
Under Construction / Proposed Units
Total Projected Supply
Income Qualified Households (Current Demand)
Friction Vacancy (10%)
Potential Demand in Defined Income Band
Residual Demand
Indicated Penetration Rate
923,518
379,471
61.5%
233,375
41%
71,013
2,621
73,634
95,684
4,784
100,468
26,834
73.3%

Data sourced by Crexi, CoStar & US Census Bureau

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Jason D. Beakley
CERTIFIED GENERAL APPRAISER
Director
jbeakley@fourcv.com
+1-480-440-2842 EXT. 09
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