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Bernalillo County, NM

RANK #637 / 996  ·  POP 674,692  ·  NM

PROJECTED GROWTH: +0.3%

Bernalillo County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Bernalillo County?

Bernalillo County, New Mexico, is distinguished by its diverse landscapes, from the Rio Grande's cottonwood bosque to the towering Sandia Mountains. The county seat, Albuquerque, is New Mexico's most populous city and a central hub. Commuting within the county and to Albuquerque is facilitated by major interstates like I-25 and I-40, along with public transportation options such as the New Mexico Rail Runner Express and ABQ RIDE buses, many of which are fare-free. The region offers extensive outdoor recreation, including the multi-use Paseo del Bosque Trail, the Sandia Peak Aerial Tramway, and numerous opportunities for hiking, biking, and birdwatching within its diverse natural settings.

Life in Bernalillo County blends urban and rural lifestyles, with a focus on community and access to amenities. The economy is experiencing growth, with ongoing investments in infrastructure and logistics, including the I-40 TradePort Corridor initiative. Local economic development efforts also support small businesses and entrepreneurship, particularly within the food industry through programs like the Semilla Initiative. The county prioritizes quality of life through initiatives supporting community wellness, social and cultural experiences, and access to vital services like healthcare, housing, and job training.

[02] Market Snapshot

Housing Ratio
3.8x

Undervalued relative to economy

GDP Growth
+2.2%

Below national median

Home Prices
+1.0%

Below national median

Climate & Terrain
3.8

Favorable climate & terrain

Price/Rent
14x

Above national median (13x)

Housing looks undervalued at 3.8x — home prices are low relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Bernalillo County U.S. National

The Numbers

DEMOGRAPHICS
Population
674,692
-0.03% YoY
Median Household Income
$62,220
Median Home Value
$247,300
+0.98% 12mo
Median Rent
$1,017
Average Annual Pay
$63,493
+4.9% YoY
Employment
347,440
+1.0% YoY
Income-to-Home-Value
0.2516
More affordable than average
Migration Inflow
1.67%
of pop. from another state

Market Activity

REAL ESTATE
Building Permits (2024)
1,316
Single-Family Permits
742

[05] Capital Investment

$2,142M
TOTAL
PROJECT AMOUNT STATUS
Atrisco Solar and Energy Storage Project
Clenera (operated by Atrisco Energy Storage LLC)
$850M Operating
Magpie Energy Center (Solar & Battery Storage)
NextEra Energy Resources, LLC
$696M Proposed
Corazon Energy Storage LLC
Corazon Energy Storage LLC
$225M Proposed
Sun Lasso Energy Center (Battery Storage)
Sun Lasso Energy, LLC (affiliate of Aypa Power Development, LLC)
$190M Planned
Oso Negro Battery Storage Project
Plus Power
$175M Planned
Amazon Fulfillment Center (ABQ1 & WQQ5) and Sortation Center
Amazon
$6M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +2.2% 40 percentile
Population Growth -0.0% 28 percentile
Income Growth +9.3% 69 percentile
Vacancy Rate 1.4% 28 percentile
Home Price Change +1.0% 44 percentile
Rent Growth +0.3% 13 percentile
Price/Rent 14x 44 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Bernalillo County, NM a good place to move to?

Bernalillo County has a Boom Town Index score of 36/100, ranking #637 among 996 U.S. counties. With job growth at +1.0% and a median household income of $62,220, it faces some economic headwinds compared to faster-growing counties.

Is Bernalillo County affordable?

The median home value in Bernalillo County is $247,300 with median rent at $1,017/month. The income-to-home-value ratio is 0.2516, which is more affordable than the national average.

Is Bernalillo County growing or shrinking?

Population growth: -0.0% year-over-year. Job growth: +1.0%. Home values changed +1.0% in the past 12 months.

[08] Similar Metros

Mercer County, PA 46 Effingham County, GA 46 Guilford County, NC 46 Carteret County, NC 46 Catawba County, NC 46 Hudson County, NJ 46 Chesterfield County, VA 46 Shelby County, AL 46