Albuquerque, New Mexico Short-Term Rental Market
Albuquerque STRs averaged $141/night at 65.6% occupancy in April 2026 across roughly 3,750 active listings.
Quick Answer: Albuquerque, New Mexico is an active short-term rental market. average occupancy is 66%. average monthly revenue is $2,408. average daily rate is $141. the top operator is Evolve with 77 listings. market score is 87/100 (grade A).
Market Score Breakdown
Five dimensions Apivex evaluates per market.
Market Overview
Albuquerque’s short-term rental market is one of the larger inventory pools in the Mountain West, with approximately 3,747 active listings across bedroom configurations. The market is dominated by entire-place rentals, which account for 3,276 of all listings (87%), while 474 private rooms and a handful of shared rooms round out the supply. The April 2026 average daily rate was $141, essentially flat year-over-year (+1.0%), while occupancy came in at 65.6%, down 4.1 percentage points from the prior year. RevPAR stands at $92.44. Revenue per listing averaged $2,408 in April 2026, a decrease of 1.6% year-over-year, reflecting mild softening in demand relative to the pandemic-era peak.
Channel distribution shows 2,335 listings on Airbnb only, 1,283 active on both Airbnb and VRBO, and 135 on VRBO only. On the bedroom mix, 1-bedroom units are the most common type (1,502 listings), followed by 3-bedrooms (979), 2-bedrooms (797), 4-bedrooms (366), and 5-bedroom-plus units (103). The market’s overall score of 86.69 out of 100 reflects strong seasonality characteristics (94.15 sub-score), solid rental demand (82.44), and moderate regulation environment (59.68).
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 56% | $102 | $1,715 |
| Feb | 66% | $102 | $1,750 |
| Mar | 72% | $113 | $2,235 |
| Apr | 67% | $114 | $2,054 |
| May | 70% | $115 | $2,227 |
| Jun | 73% | $117 | $2,221 |
| Jul | 72% | $115 | $2,299 |
| Aug | 69% | $112 | $2,147 |
| Sep | 67% | $116 | $2,015 |
| Oct | 63% | $150 | $2,514 |
| Nov | 59% | $117 | $1,956 |
| Dec | 62% | $120 | $2,089 |
Top Short-Term Rental Operators in Albuquerque
Ranked by total active listings. Useful for understanding the competitive landscape.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Evolve | 77 | 1,808 | ★ 4.44 |
| 2 | 505RivRents | 50 | 9,978 | ★ 4.85 |
| 3 | PiruManors | 35 | 1,245 | ★ 4.41 |
| 4 | The Dunn Dwellings | 34 | 907 | ★ 4.89 |
| 5 | Irvie Homes Vacation Rentals | 33 | 1,777 | ★ 4.79 |
What Kind of STR Should I Buy in Albuquerque?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 1,502 |
| 2 bed | 797 |
| 3 bed | 979 |
| 4 bed | 366 |
| 5 bed | 103 |
ADR by Property Tier
| Entire Home | $150 |
| Luxury | $233 |
| Professionally Managed | $162 |
Revenue by Dwelling Type
| Apartment | $1,887 |
| Entire Place | $2,574 |
| House | $2,568 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 62.2% |
| vrbo | 3.6% |
| both | 34.2% |
Investment Analysis
Albuquerque presents a relatively accessible entry point for STR investors. The typical home value as of April 2026 was $346,496 against an average monthly STR revenue of $2,408, implying an annualized gross yield of approximately 8.3% (28,896 / 346,496). Median sale prices ($348,000) and list prices ($379,667) are broadly in line with the Zillow typical value estimate, and the median days to pending of 11 indicates a competitive but not overheated resale market.
Performance varies meaningfully across listing tiers. The average ADR across all listings is $141, but entire-home properties average $150, and professionally managed listings command $162. The luxury tier averages $233 per night, more than 65% above the market average. House-type properties generate $2,568 per month versus $1,887 for apartments, suggesting that house acquisitions carry a meaningful revenue premium.
YoY trends show revenue drifting slightly (-1.6%), driven by a 4.1-point occupancy decline, partially offset by negligible ADR gains (+1.0%). The 2025 annual average occupancy of 65.85% and ADR of $136 show stability after the 2021-2022 peak. Investability score is 74 out of 100.
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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Booking Insights
Albuquerque STR guests book an average of 38.4 days in advance. This lead time sits modestly above the national STR median, giving operators a meaningful window for dynamic pricing adjustments. The practical implication is that rates set 5-6 weeks out still capture the majority of bookings, though last-minute discounting may be needed for unfilled inventory.
Average length of stay is 4.64 nights, slightly below the 5-night threshold that some operators use to calibrate cleaning fee structures. At just under 5 nights, a stay spans two weekends for guests arriving midweek. Operators running high-volume calendars can expect roughly 5-6 turnovers per month assuming near-full occupancy. The combination of moderate lead time and sub-5-night stays supports a pricing strategy that holds rates firm through the 40-day window and applies modest discounts inside the final 2 weeks for unfilled dates.
Short-Term Rental Regulations
Albuquerque requires a Short-Term Rental permit for any rental of 29 nights or fewer, established via Ordinance O-20-30 effective April 23, 2021. The initial permit costs $120 with a $90 annual renewal fee. Applications are processed through the city’s GovOS platform and require proof of STR insurance, a scaled floor plan, a posted Good Neighbor Agreement, a New Mexico Gross Receipts Tax number, and a 24/7 local emergency contact within 20 miles.
The city imposes a citywide cap of 1,200 active STR permits and limits individual operators to 3 permits per natural person. There is no owner-occupancy or primary residence requirement. STRs are permitted across most residential and commercial zones with no buffer zone requirements. A council proposal to add 100-foot buffer zones in select neighborhoods was rejected 5-4 in February 2026, the third failed tightening attempt in three years.
Tax obligations include a 5% Lodgers’ Tax plus a 1% Hospitality Fee (6% combined) and approximately 7.625% New Mexico Gross Receipts Tax on rental income. Airbnb and VRBO remit lodging taxes automatically. Enforcement is rated minimal by the area profile; an estimated 1,200 of roughly 2,000 operating STRs were unlicensed as of early 2026. Maximum overnight occupancy is 2 adults per bedroom plus 2 additional guests.
Market Comparison
Albuquerque’s April 2026 occupancy of 65.6% exceeds the approximate U.S. STR median occupancy of 55%, and its ADR of $141 is well below the national median of roughly $220, reflecting the city’s position as a mid-tier, value-oriented destination. RevPAR of $92.44 is competitive for a Mountain West secondary market.
The operator landscape is fragmented. Evolve leads with 77 listings and 1,808 reviews (average rating 4.44). 505RivRents holds second with 50 listings and 9,978 reviews, the highest review volume in the market, averaging 4.85 stars. PiruManors (35 listings, 4.41 stars) and The Dunn Dwellings (34 listings, 4.89 stars) follow closely. These five operators collectively account for roughly 229 listings, approximately 6% of total market supply, indicating a highly fragmented market without dominant institutional concentration.
Albuquerque’s market total score of 86.69 compares favorably against comparable Southwest secondary markets. Its seasonality score of 94.15 is notably high, meaning predictable seasonal demand patterns that benefit experienced operators.
Frequently Asked Questions About Albuquerque, New Mexico
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