Средняя цена жилья в Альбукерки составляет $400 тыс., что дешевле аналогичных рынков в Аризоне и Колорадо

Experts say Albuquerque's average home price of $400,000 is lower than in markets like Arizona and Colorado, offering options for first-time buyers. Advertisement Digital Assignment Editor Buying a home in Albuquerque may be more affordable than in nearby states Experts say Albuquerque's average home price of $400,000 is lower than in markets like Arizona and Colorado, offering options for first-time buyers. Digital Assignment Editor Buying a home for the first time can be challenging, but experts say purchasing a home in Albuquerque may be more affordable than in other markets. The average home price in Albuquerque is listing close to $400,000, which is quite a bit cheaper than similar markets in Arizona or Colorado. Advertisement Realtor Laura Garner at ERA Summit touted programs that could get borrowers down-payment rates as low as 3 percent. "There is still that 20% down payment myth," she said. "There are plenty of programs that can get you closer to a 10%, even a 5% or 3% down payment, just depending on your personal situation," said Garner. "It's not a bad move to go ahead and reach out to a lender," she said. Mortgage rates in New Mexico are estimated at an average of 6.68% for a 30-year loan and 6.23% for a 15-year loan.