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Nob Hill

Albuquerque, NM

Neighborhood Market Analysis

Q3 2025 Report
$475,000 (Q2 2025)
Median Home Price
82 (Very Walkable)
Walkability Score
Public schools are rated average to above average. Monte Vista Elementary is highly regarded. Private and charter options are accessible.
School Rating

Location Overview

Neighborhood Boundaries

Roughly bounded by Lomas Blvd NE (north), Girard Blvd NE (west), Washington St NE (east), and Garfield Ave SE (south). Central Ave (Route 66) is the main commercial corridor.

Zip Codes

8710687108

Market Data Summary

Price Range$350,000–$800,000+ (single-family); $250,000–$400,000 (condos/townhomes)
Price per Sq Ft$320–$410/sqft
Inventory LevelsTight inventory; 1.2 months supply as of July 2025.

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesHistoric bungalowsCasitasTownhomesCondos

Architectural Styles

Pueblo RevivalSouthwest/AdobeMid-century ModernCraftsman BungalowContemporary infill

Property Details

Typical Lot Sizes0.10–0.20 acres (4,300–8,700 sqft)
Home Age Range1920s–1950s (historic core); some new infill 2000s–2020s
Construction QualityGenerally solid; many homes have been updated, but some need modernization. Historic charm is a key value driver.

Community Profile

Demographics & Lifestyle

Demographics

Diverse, with a mix of young professionals, university faculty/students, artists, and established families. Median age: 36. High educational attainment.

Community Vibe

Eclectic, vibrant, progressive, and arts-oriented. Strong sense of local pride and neighborhood identity.

Typical Residents

  • Young professionals
  • University students/faculty
  • Artists/creatives
  • Retirees
  • Small families

Family Friendly

Moderately family-friendly; smaller lot sizes and older homes, but walkability and amenities appeal to families valuing urban lifestyle.

Amenities & Lifestyle

Parks & Recreation

  • • Hyder Park
  • • Bataan Memorial Park
  • • UNM Campus green spaces

Dining Options

  • • Scalo Northern Italian
  • • Zinc Wine Bar & Bistro
  • • Nob Hill Bar & Grill
  • • Slice Parlor
  • • Limonata

Shopping Centers

  • • Nob Hill Shopping Center
  • • Central Ave boutiques
  • • La Montañita Co-op

Local Businesses

  • • Nob Hill Bar & Grill
  • • Flying Star Cafe
  • • La Montañita Co-op
  • • Astro Zombies Comics
  • • Self Serve Toys

Education & Schools

Public schools are rated average to above average. Monte Vista Elementary is highly regarded. Private and charter options are accessible.
Overall School Rating

Elementary Schools

  • • Monte Vista Elementary
  • • Bandelier Elementary

Middle Schools

  • • Jefferson Middle School

High Schools

  • • Highland High School
  • • Albuquerque High School

Private Schools

  • • Albuquerque Academy (bus service available from Nob Hill/UNM area)
  • • Manzano Day School

Transportation & Accessibility

Transit & Roads

Public Transit

  • • ABQ Ride RapidRide (Central Ave)
  • • Local bus routes
  • • New Albuquerque Academy bus service (2025)

Major Roads

  • • Central Ave (Route 66)
  • • Carlisle Blvd
  • • Girard Blvd
  • • Lomas Blvd

Commute & Walkability

Commute Times10–15 minutes to Downtown; 15–20 minutes to Uptown; 10 minutes to UNM Hospital/medical corridor.
WalkabilityVery walkable; most errands can be accomplished on foot. Bike lanes and transit options are robust.
ParkingStreet parking is common; some homes have driveways/garages. Parking can be tight near Central Ave during peak hours.

Marketing Intelligence

Target Buyer Types

  • Young professionals
  • Medical/UNM staff
  • Investors
  • Empty nesters seeking walkability

Key Selling Points

  • Historic homes with character
  • Walkable to dining, shopping, and nightlife
  • Strong community vibe
  • High rental demand

Pricing Considerations

Price competitively due to low inventory; staged, move-in-ready homes command premium. Overpricing leads to stagnation.

Common Objections & Response Strategies

Objection: Older homes may require repairs or updates.

Response Strategy:

Provide inspection reports and estimates; highlight recent upgrades and historic tax incentives.

Objection: Limited parking, especially near Central Ave.

Response Strategy:

Emphasize walkability, bike/transit options, and potential for off-street parking improvements.

Objection: Noise from nightlife and traffic.

Response Strategy:

Showcase quieter interior streets; discuss soundproofing options and community safety measures.

Investment Insights

Investment Potential

Appreciation Potential

Strong; historic character and walkability drive demand. 5–7% annual appreciation projected for next 2 years.

Rental Demand

Very high; proximity to UNM and hospitals attracts students, faculty, and medical professionals.

Buyer Competition

Intense; multiple offers and cash buyers are common for well-priced homes.

Best For

  • Owner-occupants seeking urban lifestyle
  • Investors (long-term and short-term rentals)
  • First-time buyers valuing walkability

Potential Concerns

  • Older homes may need updates
  • Parking limitations
  • Noise near nightlife

Professional Recommendations

1

Emphasize neighborhood lifestyle and walkability in all marketing.

2

Prepare buyers for fast-moving market—pre-approval and readiness to act are critical.

3

Network with local businesses for cross-promotion and community events.

4

Highlight recent upgrades and historic features in listings.

5

Educate buyers on potential for value-add improvements and available incentives.

Competitive Analysis

Comparable Markets

  • UNM Area
  • Downtown Albuquerque
  • East Downtown (EDo)

Market Positioning

Premier urban neighborhood for buyers seeking character and convenience.

Competitive Advantages

  • Superior walkability
  • Historic architecture
  • Vibrant dining/nightlife scene

Price Comparison

Priced higher per square foot than most Albuquerque neighborhoods except EDo and select North Valley areas.

Investment Metrics

4.5–5.5% (single-family rentals)
Cap Rates
5–6% gross yield
Rental Yields
18–20
Price-to-Rent
Positive cash flow possible with 20% down; best for long-term hold or short-term rental strategy.
Cash Flow
5–7% annual appreciation expected through 2027.
Appreciation

Buyer Journey Insights

First-Time Buyers

Appealing due to walkability and vibrant lifestyle; may need education on older home maintenance.

Move-Up Buyers

Limited larger homes, but some options for expanded/renovated properties.

Downsizers

Attractive for those seeking low-maintenance, urban living with amenities nearby.

Investors

Strong rental demand and appreciation; short-term rental potential is a draw.

Relocators

Popular for medical, university, and tech professionals seeking central location.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

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