Albuquerque Property Management: Best Places to Invest

Albuquerque Property Management: Best Places to Invest

Albuquerque's economy has experienced remarkable growth

In 2021, the city of Albuquerque reported a 22.7% gross receipts tax (GRT). If you manage properties, then you might be considering moving your business to this popular area. 

What else should you know about property management in Albuquerque before you get started?

Here are some of the top investing tips. 

Albuquerque Market Trends 

The city of Albuquerque has invested $8 million into developing residential and commercial communities. It's improving the city's infrastructure to pave the way for Albuquerque to become a more metropolitan city. In addition, they're offering low property tax rates. 

The city offers affordable homes at high rent levels, which means high cash flow for investors. But, rent and home prices are consistently lower than in other cities in the region. This is a trend in the market that has consistently grown for at least the past five years. 

Major companies like Netflix continue to set up headquarters in the city, creating more jobs and increasing property values. According to Globe St, apartment investors are flocking to the region. 

Albuquerque Real Estate By the Numbers

If you're interested in investing in the fast-growing sunbelt, Alburquerque is smart property investment. Home prices do not exceed $700,000. When compared to its growth rate and market demand, it makes for a safer location that's easier to access than others in the region.

According to Zillow, the average home value in Albuquerque is $286,465. In one year home values increased by 19.3%, with home values increasing over 54% over the past five years. In addition to this, the average time from listing to contract in 16 days. 

Best Neighborhoods for Property Management

Alburquerque consists of 145 distinct neighborhoods. These neighborhoods range in the type of tenants and different lifestyles. Here are some of the most promising neighborhoods for property management in Albuquerque. 

Old Town, Nob Hill, Downtown, Uptown, and Airport are some of the best neighborhoods offering an urban-suburban lifestyle. Old Town, Nob Hill, Downtown, and Uptown consist of many restaurants, parks, and entertainment options and attract primarily young professionals who rent.

Most of the schools are above average. Airport is more of an up-and-coming district with fewer entertainment options and more families. 

Westside and North Valley/Los Ranchos are two of the top neighborhoods in a sparse suburban setting. The residents here are primarily families and young professionals who own their homes. Whereas Eastside and Balloon Fiesta host similar residents in a more dense suburban setting. The schools in all of these neighborhoods are above average. 

Albuquerque Property Management

All of the above only scratches the surface of the exciting, growing Albuquerque market. A property management company can not only help manage an investment but protect it and increase its value. They're what makes an investment truly passive. 

Do not hesitate on investing in Albuerquere. Time is of the essence and it won't remain this accessible forever. Maximize your investment with the help of a property management company now.

We're here to help. Contact us for service or with questions.

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