The landscape of the Albuquerque city proper housing market is undergoing a quiet but profound structural shift. Historically, our city maintained a comfortable balance where roughly 70% of residents owned their homes and 30% rented.
Today, that foundation has eroded. Driven by a persistent lack of affordable inventory, flat housing production, and a steep rise in single-person households, the city proper has effectively slid to a 60/40 split.
If current land economics, and development trends continue, we are firmly on a trajectory toward a 55/45 split within a decade. When nearly half of a city becomes a tenant class, it fundamentally alters local neighborhood stability, household wealth accumulation, and the long-term economic mobility of our community.
To keep the "American Dream" attainable within city limits, Albuquerque must confront the zoning and policy so the constraints so that we are not pricing the next generation out of homeownership.
Mark T. Raney, SRA
Today, that foundation has eroded. Driven by a persistent lack of affordable inventory, flat housing production, and a steep rise in single-person households, the city proper has effectively slid to a 60/40 split.
If current land economics, and development trends continue, we are firmly on a trajectory toward a 55/45 split within a decade. When nearly half of a city becomes a tenant class, it fundamentally alters local neighborhood stability, household wealth accumulation, and the long-term economic mobility of our community.
To keep the "American Dream" attainable within city limits, Albuquerque must confront the zoning and policy so the constraints so that we are not pricing the next generation out of homeownership.
Mark T. Raney, SRA
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