Quick facts: Bernalillo, NM

Quick Facts

96.1
Cost of Living
below US average
672,508
Population
18.36
Crime Rate per 1000
below US average
$62,220
Median Income
below US average
$415,000
Median House Price
above US average
$1982.14
Average Rent
above US average
15%
Poverty Rate
above US average
4.4%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $62,220.

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Income Needed to Buy

βœ— Stretch
$130k/year
Based on $415,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $130k vs median $62,220
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Income Needed to Rent

⚠ Stretch
$85k/year
Based on $1982.14/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $85k vs median $62,220
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Bernalillo, NM

Bernalillo, New Mexico, is a charming town located just north of Albuquerque, situated along the banks of the Rio Grande. As the county seat of Sandoval County, it offers a blend of rich history, culture, and natural beauty. The town showcases its heritage through attractions such as the historic Bernalillo Town Plaza and the nearby Coronado Historic Site, which features archaeological remnants of ancient Puebloan dwellings. Bernalillo is known for its picturesque landscapes, including views of the Sandia Mountains, making it a prime spot for outdoor activities such as hiking, biking, and birdwatching. The town hosts a variety of annual events, including the Bernalillo Lift-Off Hot Air Balloon Festival, celebrating its community spirit and connection to the region's ballooning culture. With a population of around 8,500, Bernalillo has a small-town vibe while being conveniently close to the amenities of Albuquerque, such as shopping, dining, and entertainment. The area also boasts a growing wine scene, with several vineyards and wineries nearby, adding to its appeal as a destination for both residents and visitors.

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