www.zillow.com/research/

APRIL2019 Albuquerque Metro

National Rents

Current: $1,477Monthly Change: 0.2%Annual Change: 2.6%

Albuquerque Metro Rents

Current: $1,230Monthly Change: 0.2%Annual Change: 2.7%

Breakeven Horizon3.4 years

Major Cities - Rents

AlbuquerqueCurrent: $1,240Monthly Change: 0.2%Annual Change: 3.1%Breakeven Horizon: 3.6 years

Rio RanchoCurrent: $1,243Monthly Change: 0.2%Annual Change: 4.1%Breakeven Horizon: 3 years

Los LunasCurrent: $1,054Monthly Change: 0%Annual Change: 12.1%Breakeven Horizon: 2.3 years

South ValleyCurrent: $1,124Monthly Change: -0.4%Annual Change: -1.4%Breakeven Horizon: 2 years

BelenCurrent: $989Monthly Change: -0.1%Annual Change: 6.6%Breakeven Horizon: 1.8 years

Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community

City ZRI Year-over-Year-6.9% -6.8% - -2.6% -2.5% - -1.1% -1.0% - -0.4% 0.5% - 0.5% 0.6% - 2.1% 2.2% - 4.6% 4.7% - 6.6% 6.7% - 12.1%

Metro Cities: Top/Bottom by Annual Rent AppreciationTop:Los Lunas 12.1%

Belen 6.6%

Peralta 6.6%

Bosque Farms 6.4%

Los Ranchos de Albuq 4.6%

Bottom:Corrales -6.9%

Sandia Park -2.6%

South Valley -1.4%

Cedar Crest -1.1%

Tijeras -0.4%

Metro Neighborhoods: Top/Bottom by Annual Rent AppreciationTop:S.R. Marmon 4.9%

Heritage East 4.5%

Ladera West 4.4%

Skies West 4.4%

Four Hills Village 4.4%

Bottom:San Jose -6.5%

South Broadway -5.1%

La Mesa -4.9%

Singing Arrow -4.6%

South San Pedro -4.2%

How do we measure rents? To track rents, we use the Zillow Rent Index (ZRI). The

ZRI is the midpoint of estimated rents in a given region. Half the estimated rental prices

are above this number and half are below.

What is the Breakeven Horizon? The Breakeven Horizon in the number of years you

must live in a home before owning the same home becomes more financially advantageous

than renting the home. For example, if ’City X’ had a Breakeven Horizon of 5.5 years,

it is financially better for you to rent in ’City X’ unless you plan on living there for more

than 5.5 years.

APRIL2019

*Top cities and neighborhoods by size within the metro are listed. Additional counties, cities, neighborhoods and zip codes may be available online at

www.zillow.com/research/data or by emailing press@zillow.com

Zillow Research:Zillow R© is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the placethey call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics andanalytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housingdata and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price ExpectationsSurvey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow HomeValue Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence inlocal housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z), andheadquartered in Seattle.

www.zillow.com/research/

Largest Cities Covered by Zillow

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Albuquerque 3.6 1,240 3.1 1,320 0.8Belen 1.8 989 6.6 0.5Bernalillo 4.5 1,248 2.1Bosque Farms 3.3 1,250 6.4 0.5Cedar Crest 4.2 1,405 -1.1 0.7Corrales 6 1,859 -6.9Jemez Springs 1,265 1.4Los Lunas 2.3 1,054 12.1 0.5Los Ranchos de Albu-querque

5.2 1,806 4.6 0.9

North Valley 4.3 1,281 0.5 0.8Peralta 2.6 1,191 6.6 0.5Placitas 5.1 1,812 0.5Rio Rancho 3 1,243 4.1 1,300Sandia Park 1,461 -2.6 0.8South Valley 2 1,124 -1.4 0.7

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Tijeras 4.3 1,279 -0.4 0.7

Largest Neighborhoods Covered by Zillow

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Academy Acres North 4.2 1,297 2.9 0.8Alamosa 1.6 1,060 -2.8 0.9Alban Hills 4.1 1,300 2 0.7Del Norte 4.1 1,260 1.8 0.8Desert Spring Flower 2 1,099 0.3 0.8Enchanted Hills 3.3La Mesa 2.3 1,039 -4.9 0.7Ladera West 3.2 1,199 4.4 0.8Near N Valley 3 1,126 0.6 0.9Nob Hill 5.6 1,265 -0.1 0.8

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Nor Este 6.4 1,709 3.5 0.8North Wyoming 4.3 1,309 2.4 0.8Paradise Hills 4.3 1,311 1.6 1,380 0.7Route 66 West 2.3 1,124 -0.7 0.8Solar Village 3South San Pedro 2.3 1,039 -4.2 0.8Taylor Ranch 3.8 1,278 2.8 0.7Trumbull Village 1.9 980 -4 0.8West Mesa 2 1,094 -0.3 0.8Westgate Hts 2.2 1,103 -0.5 0.8