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Airbnb City Guide: The Best Places To Invest in Albuquerque, New Mexico

Written by:
Jeremy Werden
April 8, 2024

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Airbnb Rules and Regulations in Albuquerque, New Mexico
Albuquerque has a comprehensive set of rules and regulations governing short-term rentals. Hosts must obtain a permit, which carries an initial application fee of $120 and an annual renewal fee of $90, and pay a 1% hospitality fee on the listing price for stays under 30 days. The number of short-term rental permits is capped at 1,200 citywide, and hosts are limited to operating a maximum of three properties. Property managers are required to reside within 20 miles of Albuquerque.
Smoking is strictly prohibited both inside and outside the rental property, with hosts encouraged to charge cleaning fees for violations. Guests are allowed to bring pets if the host permits it in their listing, but hosts can charge a pet fee to cover additional cleaning costs. Hosts must clearly communicate all house rules to guests, including check-in and check-out times, typically around 3 PM and 11 AM, respectively. Outdoor security cameras are allowed if they are disclosed to guests, but indoor cameras are banned. Hosts are expected to respond promptly to guest inquiries and honor all confirmed bookings.
Albuquerque Airbnb Market Data:
- Average Revenue – $21.4K per year
- Average Daily Rate – $134.2 per night
- Average Occupancy Rate – 60%
- Average RevPAR – $80.9
- Average Home Prices – $321,411
1. Top Place to Invest in Albuquerque, New Mexico - Southwest Quadrant
The Southwest Quadrant of Albuquerque, New Mexico, is a vibrant and diverse area that offers a unique blend of urban amenities and natural beauty. With its proximity to downtown, growing business districts, and popular tourist attractions, this quadrant has become an increasingly attractive option for starting a new short-term rental business.
Southwest Quadrant Airbnb Market Data:
- Average Revenue – $19.3K per year
- Average Daily Rate – $160.1 per night
- Average Occupancy Rate – 50%
- Average RevPAR – $78.3
Convenience - 7/10
The Southwest Quadrant boasts a convenient location, with easy access to major highways and public transportation. Residents and visitors alike can quickly reach various parts of the city, including the airport, which is just a 15-minute drive away. However, traffic congestion during peak hours can be a drawback.
Tourist Attractions - 6/10
While the Southwest Quadrant is not the primary tourist hub of Albuquerque, it still offers a few notable attractions. The Rio Grande Zoo and the Albuquerque Biological Park are popular among families, while the National Hispanic Cultural Center showcases the rich history and art of the region. The area could benefit from more diverse tourist offerings.
Things to Do - 5/10
The Southwest Quadrant provides a mix of outdoor activities and cultural experiences. The Rio Grande Bosque Trail is perfect for hiking, biking, and birdwatching, while the South Broadway Cultural Center hosts various events and performances throughout the year. However, the area lacks a wide variety of dining and entertainment options compared to other parts of the city.
Average Home Prices - 7/10
According to Zillow data for 2024, the median home price in the Southwest Quadrant is $285,000, which is slightly lower than the overall Albuquerque median. This affordability makes the area attractive for investors looking to purchase properties for short-term rentals. Home prices in the quadrant have appreciated by 4.2% over the past year, indicating a stable and growing market.
Proximity to Work-Related Travel - 8/10
The Southwest Quadrant is well-positioned for work-related travel, with the Albuquerque International Sunport just a short drive away. The area is also home to several major employers, including Lovelace Medical Center and the Albuquerque VA Medical Center. Additionally, the University of New Mexico's South Campus is located in this quadrant, attracting students and faculty.
X-Factor - 6/10
One of the unique aspects of the Southwest Quadrant is its strong sense of community and cultural diversity. The area is known for its vibrant Hispanic and Native American heritage, which is celebrated through various festivals and events. The quadrant also offers a mix of urban and rural landscapes, with easy access to the Rio Grande Valley and its beautiful natural surroundings. However, the area could benefit from more unique attractions and amenities to truly stand out.
2. Top Place to Invest in Albuquerque, New Mexico - Paradise Hills
Paradise Hills, a charming suburban neighborhood in Albuquerque's northwest quadrant, has emerged as a hidden gem for Airbnb and short-term rental investors. This family-friendly community offers a tranquil atmosphere, affordable housing options, and easy access to the city's main attractions, making it an increasingly desirable location for both residents and visitors.
Paradise Hills Airbnb Market Data:
- Average Revenue – $24.8K per year
- Average Daily Rate – $150.2 per night
- Average Occupancy Rate – 76%
- Average RevPAR – $115
Convenience - 6/10
Paradise Hills offers moderate convenience, with a 20-minute drive to downtown Albuquerque and a 30-minute drive to the Albuquerque International Sunport. The neighborhood is well-connected by major roads, but public transportation options are limited, which may be a drawback for some visitors.
Tourist Attractions - 4/10
While Paradise Hills does not have many tourist attractions, it is within a reasonable distance of several popular destinations. The Petroglyph National Monument, a fascinating archaeological site featuring ancient rock carvings, is just a 15-minute drive away. However, the neighborhood lacks the variety of attractions found in other parts of the city.
Things to Do - 5/10
Paradise Hills offers a handful of recreational activities, primarily focused on outdoor pursuits. The Paradise Hills Community Center features a park, sports fields, and a swimming pool, providing opportunities for families to enjoy the sunny Albuquerque weather. The area also has a few local restaurants and shops, but the options are limited compared to more central locations.
Average Home Prices - 8/10
According to Zillow data for 2024, the median home price in Paradise Hills is $265,000, which is significantly lower than the overall Albuquerque median. This affordability makes the neighborhood attractive for investors looking to purchase properties for short-term rentals. Home prices in Paradise Hills have appreciated by 3.8% over the past year, indicating a stable market with potential for growth.
Proximity to Work-Related Travel - 5/10
Paradise Hills is not particularly close to major work-related travel destinations, such as hospitals, convention centers, or sports venues. The neighborhood is primarily residential, with a few local businesses and schools. Investors targeting business travelers may find other areas of Albuquerque more suitable.
X-Factor - 7/10
One of the standout features of Paradise Hills is its strong sense of community and family-friendly atmosphere. The neighborhood is known for its well-maintained homes, safe streets, and active community events, making it an appealing choice for families visiting Albuquerque. The area also offers stunning views of the Sandia Mountains, providing a picturesque backdrop for outdoor enthusiasts.
3. Top Place to Invest in Albuquerque, New Mexico - Raynolds Addition
Raynolds Addition, a historic and charming neighborhood in the heart of Albuquerque, has become a top choice for Airbnb and short-term rental investors. With its prime location, stunning architecture, and vibrant community, this area offers a unique and attractive experience for both residents and visitors alike.
Raynolds Addition Airbnb Market Data:
- Average Revenue – $21.5K per year
- Average Daily Rate – $127.8 per night
- Average Occupancy Rate – 65%
- Average RevPAR – $80.5
Convenience - 9/10
One of the greatest advantages of Raynolds Addition is its unbeatable convenience. Situated just a stone's throw from downtown Albuquerque, this neighborhood provides easy access to the city's main attractions, restaurants, and shopping districts. The Albuquerque International Sunport is a mere 10-minute drive away, making it an ideal location for travelers.
Tourist Attractions - 8/10
Raynolds Addition boasts a wealth of tourist attractions within walking distance. The Albuquerque Museum, featuring art and history exhibits, is just a few blocks away. Visitors can also explore the New Mexico Museum of Natural History and Science or take a stroll through the beautiful Roosevelt Park. The neighborhood's proximity to Old Town Albuquerque adds to its appeal.
Things to Do - 9/10
From exploring the local art scene to indulging in delicious cuisine, Raynolds Addition offers a plethora of activities. The neighborhood hosts various community events throughout the year, such as the Raynolds Addition Home Tour and the Albuquerque Artwalk. Foodies will appreciate the diverse array of restaurants, cafes, and bars in the area, ranging from casual eateries to fine dining establishments.
Average Home Prices - 7/10
According to Zillow data for 2024, the median home price in Raynolds Addition is $450,000. This reflects the neighborhood's desirability and prime location. Despite the higher prices, homes in Raynolds Addition have appreciated by 5.2% over the past year, indicating a strong and growing market for investors.
Proximity to Work-Related Travel - 8/10
Raynolds Addition is well-positioned for work-related travel, with several major hospitals, including Presbyterian Hospital and Lovelace Medical Center, just a short drive away. The Albuquerque Convention Center is also within easy reach, making the neighborhood an attractive option for creating a corporate rental. The University of New Mexico's main campus is just a few minutes away, providing opportunities for investors to target visiting faculty and students.
X-Factor - 9/10
Its unique blend of historic charm and modern amenities sets Raynolds Addition apart. The neighborhood features stunning Victorian and Craftsman-style homes, many of which have been beautifully restored. The tree-lined streets and well-maintained parks create a welcoming and picturesque atmosphere. The strong sense of community and friendly neighbors add to the area's appeal, making it a truly special place to live or visit.
4. Top Place to Invest in Albuquerque, New Mexico - Silver Hills
Nestled in the heart of Albuquerque's Southeast Heights, Silver Hills has emerged as a hidden gem for Airbnb and short-term rental investors. This quaint, family-friendly neighborhood offers a perfect blend of affordability, convenience, and charm, making it an increasingly attractive option for establishing an Airbnb business for investors looking to capitalize on Albuquerque's growing tourism market.
Silver Hills Airbnb Market Data:
- Average Revenue – $20.2K per year
- Average Daily Rate – $132.7 per night
- Average Occupancy Rate – 60%
- Average RevPAR – $79.3
Convenience - 7/10
Silver Hills offers a convenient location with easy access to major highways and public transportation. The Albuquerque International Sunport is just a 15-minute drive away, while downtown Albuquerque can be reached in under 20 minutes. However, the neighborhood itself lacks a variety of amenities, such as grocery stores and restaurants, which may be a drawback for some visitors.
Tourist Attractions - 5/10
While Silver Hills does not boast many tourist attractions, it is within a reasonable distance of several popular destinations. The Albuquerque Zoo and the Albuquerque Botanical Gardens are just a 10-minute drive away, offering families a fun and educational experience. However, visitors seeking a wide range of attractions may prefer to stay in other parts of the city.
Things to Do - 6/10
Silver Hills offers a handful of recreational activities, primarily focused on outdoor pursuits. The nearby Manzano Mesa Park features walking trails, a playground, and a community center, providing opportunities for families to enjoy the beautiful Albuquerque weather. The neighborhood also has a few local cafes and shops, but the options are limited compared to more central locations.
Average Home Prices - 8/10
According to Zillow data for 2024, the median home price in Silver Hills is $280,000, which is lower than the overall Albuquerque median. This affordability makes the neighborhood attractive for investors looking to purchase properties for short-term rentals. Home prices in Silver Hills have appreciated by 4.5% over the past year, indicating a stable market with potential for growth.
Proximity to Work-Related Travel - 6/10
Silver Hills is not particularly close to major work-related travel destinations, such as hospitals or convention centers. However, the neighborhood is within a 20-minute drive of the University of New Mexico and the Albuquerque International Sunport, which may attract some business travelers and visiting academics.
X-Factor - 7/10
Silver Hills' standout features are its strong sense of community and neighborly atmosphere. The area is known for its well-maintained homes, safe streets, and friendly residents, creating a welcoming environment for visitors. The neighborhood also offers stunning views of the Sandia Mountains, providing a picturesque backdrop for outdoor enthusiasts and nature lovers.
5. Top Place to Invest in Albuquerque, New Mexico - Old Town
Old Town, the historic heart of Albuquerque, has long been a favorite among tourists and locals alike. With its charming adobe architecture, vibrant art scene, and rich cultural heritage, this neighborhood has become an increasingly attractive option for Airbnb and short-term rental investors looking to capitalize on Albuquerque's thriving tourism industry.
Old Town Airbnb Market Data:
- Average Revenue – $26.7K per year
- Average Daily Rate – $145.3 per night
- Average Occupancy Rate – 63%
- Average RevPAR – $88.8
Convenience - 8/10
Old Town's central location makes it incredibly convenient for visitors. The neighborhood is just a 15-minute drive from the Albuquerque International Sunport and is well-served by public transportation, including buses and the New Mexico Rail Runner Express. The area is also within walking distance of several popular attractions, restaurants, and shops, making it easy for guests to explore without a car.
Tourist Attractions - 9/10
Old Town is home to some of Albuquerque's most iconic tourist attractions. The Albuquerque Museum, featuring art and history exhibits, is just a short walk away, as is the New Mexico Museum of Natural History and Science. Visitors can also explore the historic San Felipe de Neri Church, dating back to 1793, or take a stroll through the beautiful Old Town Plaza, which hosts various local events and festivals throughout the year.
Things to Do - 9/10
From exploring the local art scene to indulging in delicious New Mexican cuisine, Old Town offers a wealth of activities for visitors. The neighborhood is home to numerous art galleries, showcasing the work of local and regional artists. Foodies will appreciate the diverse array of restaurants, cafes, and bars in the area, ranging from traditional New Mexican eateries to trendy gastropubs.
Average Home Prices - 6/10
According to Zillow data for 2024, the median home price in Old Town is $475,000, which is significantly higher than the overall Albuquerque median. This reflects the neighborhood's desirability and prime location. Despite the higher prices, homes in Old Town have appreciated by 4.8% over the past year, indicating a strong and stable market for investors.
Proximity to Work-Related Travel - 7/10
While Old Town is not primarily known as a business district, it is within a reasonable distance of several major work-related travel destinations. The Albuquerque Convention Center is just a 5-minute drive away, making the neighborhood an attractive option for conference attendees. The University of New Mexico's main campus is also nearby, providing opportunities for investors to target visiting faculty and students.
X-Factor - 10/10
What sets Old Town apart is its unparalleled charm and cultural richness. The neighborhood's narrow, winding streets and adobe buildings create a unique and enchanting atmosphere that transports visitors back in time. The area is also known for its vibrant art scene, with numerous galleries and studios showcasing the work of local artists. The strong sense of community and the neighborhood's commitment to preserving its heritage add to its appeal, making it a truly special place to visit or call home.
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Reveal any property's Airbnb and Long-Term rental profitability
Buy this property and list it on Airbnb.