Albuquerque, New Mexico Short-Term Rental Market
Albuquerque caps STR permits at 1,200 citywide, with September 2026 ADR $146, occupancy 65.5%, revenue $2,524 monthly.
Quick Answer: Albuquerque, New Mexico is an active short-term rental market. average occupancy in the Albuquerque market area is 66%. average monthly revenue in the Albuquerque market area is $2,524. average daily rate in the Albuquerque market area is $146. the top operator in the Albuquerque market area is Evolve with 77 listings. market score is 87/100 (grade A).
Market data reflects the wider Albuquerque market, which covers 5 areas. Regulations, taxes, and permit details below are specific to Albuquerque.
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
Albuquerque is a permit-capped short-term rental market. The city limits total active STR permits to 1,200 citywide and allows each person no more than 3, so supply is formally bounded even though enforcement is light. The data below runs through September 2026, the latest month in the dataset. In that month the Albuquerque area STR market posted an average daily rate (ADR) of $146, occupancy of 65.5%, and average monthly revenue of $2,524 per listing. Compared with September 2025, occupancy is down 2.6%, ADR is down 1.8%, and revenue is down 3.3%, so the market is cooling modestly rather than collapsing.
The Albuquerque area STR market tracks 3,753 listings. Entire places make up 3,276 of them (about 87%), private rooms account for 474, and shared rooms for just 3. By bedroom count, 1 bedroom units lead with 1,502 listings, followed by 3 bedroom units at 979, 2 bedroom units at 797, 4 bedroom units at 366, and 5 bedroom units at 103. On distribution, 2,335 listings appear on Airbnb only, 135 on VRBO only, and 1,283 on both platforms.
Demand has a strong cultural anchor. Albuquerque draws roughly 6.2 million overnight visitors a year, and the Albuquerque International Balloon Fiesta each October brings more than 800,000 attendees. Other draws include Old Town, the ABQ BioPark, the Sandia Peak Tramway, and Route 66 road-trip traffic. The city has a population of 562,218. The market score for the area is 86.69 overall, with seasonality scoring 94.15, rental demand 82.44, investability 74, revenue growth 68.4, and regulation 59.68.
The long view helps. Annual occupancy peaked at 76.3% in 2021 and has settled between 65.1% and 67% since 2023. ADR has risen from $94 in 2017 to $138 so far in 2026, which means rate growth has offset the post-2021 occupancy normalization.
Seasonal Patterns
| Month | Occupancy |
|---|---|
| Jan | 56% |
| Feb | 66% |
| Mar | 72% |
| Apr | 67% |
| May | 69% |
| Jun | 73% |
| Jul | 72% |
| Aug | 68% |
| Sep | 66% |
| Oct | 63% |
| Nov | 59% |
| Dec | 62% |
Month-by-month nightly rates and revenue figures for Albuquerque are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Top Short-Term Rental Operators in Albuquerque market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Albuquerque market as a whole, which includes Albuquerque, so these counts are not Albuquerque-only figures.
| # | 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 nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Albuquerque are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 62.2% |
| vrbo | 3.6% |
| both | 34.2% |
Home Value Trends (Albuquerque)
Typical home values, median sale prices, and the 10-year price trend for Albuquerque are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Insights
Booking-window and length-of-stay analysis for Albuquerque — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Short-Term Rental Regulations
Albuquerque allows short-term rentals but caps them. The city limits total active STR permits to 1,200 citywide, and no single person can hold more than 3 permits. Any rental of 29 nights or fewer requires an STR permit under Ordinance O-20-30, effective April 23, 2021. Permits are issued by the City of Albuquerque Planning Department and administered through the GovOS platform (formerly LodgingRevs) at albuquerque.munirevs.com.
The initial permit costs $120 and renews annually, with a $90 renewal fee. Applicants need proof of STR insurance, a scaled floor plan, a posted Good Neighbor Agreement, a New Mexico CRS/GRT tax number, and a 24/7 local emergency contact within 20 miles of the city. Maximum overnight occupancy is 2 adults per bedroom plus 2 additional guests. Gatherings cannot exceed 20 people or twice the overnight occupancy, and must end by 10 PM.
There is no owner-occupancy requirement and no primary residence requirement. STRs are allowed across most residential and commercial zones with no geographic separation or buffer rules. A proposal for 100-foot buffer zones in Districts 2, 6, and 7 (Ordinance O-26-5) failed on a 5-4 City Council vote on February 3, 2026. It was the third failed tightening attempt, after August 2023 and September 2024. HOAs, condo associations, and deed restrictions may still prohibit STRs.
Lodging taxes total 6% (a 5% Lodgers’ Tax plus a 1% Hospitality Fee). New Mexico Gross Receipts Tax adds approximately 7.625%, for about 13.625% combined. Airbnb and VRBO remit lodging taxes automatically, but operators still have reporting duties.
Enforcement severity is rated minimal. Roughly 1,200 of about 2,000 operating STRs were unlicensed as of early 2026. Investors should still permit, since the city can tighten enforcement at any time.
Market Comparison
Albuquerque performs as a volume-led market. September 2026 occupancy of 65.5% points to dependable demand, while an ADR of $146 keeps revenue per night moderate.
Entry costs help the economics. The typical home value of $350,091 and a 7.3% gross yield make Albuquerque an affordability play rather than a premium rate play. The market score of 86.69 reflects strong seasonality (94.15) and rental demand (82.44), with regulation (59.68) the weakest component because of the 1,200 permit cap.
Professional operators are present but not dominant. The largest by listing count are Evolve with 77 listings and a 4.4 rating, 505RivRents with 50 listings and a 4.9 rating, PiruManors with 35 listings and a 4.4 rating, The Dunn Dwellings with 34 listings and a 4.9 rating, and Irvie Homes Vacation Rentals with 33 listings and a 4.8 rating. In the Albuquerque area STR market of 3,753 listings, the top five operators control only a small share, so independent hosts remain competitive.
Revenue is down 3.3% year over year, so investors should expect stable rather than growing income.
Frequently Asked Questions About Albuquerque, New Mexico
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