Edgewood: Housing & Real Estate
Housing in Edgewood centers on a median value of $306,400 (estimated market value runs 7% higher at $328,199), with median rent $1,114 (1.2× below Santa Fe County median $1,389; about the same as New Mexico median $1,067). Homeownership rate: 91.7%. That's 1.5× below the Santa Fe County median ($446,300); 1.2× higher than the New Mexico median ($248,100). Market is warm. Vacancy rate 7.1%. New construction makes up 12.7% of stock. A municipal building code is in effect.
- 3.6× annual income — home value vs. household income (vs New Mexico 3.9×).
- 22.9 years to break even renting at the median (vs New Mexico 20y).
- 4-BR rent is 2.4× a studio — rent gradient by unit size.
- Median rent 23% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $306,400 — 1.1× the New Mexico median ($269,300). Median rent $1,114/month. homeownership rate 91.7% — above the U.S. share of ~65%.
| Affordability · Price To Income Ratio | 3.6× |
|---|---|
| Affordability · Rent To Income Pct | 15.8% |
| Affordability · Affordable | Yes |
| Affordability · Interpretation | affordable |
| Fair Market Rent · Studio rent | $1,009 (at New Mexico median) |
| Fair Market Rent · One-bedroom rent | $1,185 (at New Mexico median) |
| Fair Market Rent · Two-bedroom rent | $1,464 (at New Mexico median) |
| Fair Market Rent · Three-bedroom rent | $2,036 (at New Mexico median) |
| Fair Market Rent · Four-bedroom rent | $2,399 (vs New Mexico $2,231) |
| Fair Market Rent · HUD FMR area | Albuquerque, NM MSA |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $328,199 |
| Median Home Value | $306,400 (vs New Mexico $269,300) |
| Median Rent | $1,114 (at New Mexico median) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 7.1% |
| Housing Market · New construction (% of stock) | 12.7% |
| Housing Market · Price Appreciation 2Yr | 10.2% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (2)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at New Mexico median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at New Mexico median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at New Mexico median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 12.0% (vs New Mexico 30.2%) |
| Broadband · Broadband-capable premises | 3,129 |
| Electricity · Electricity rate (¢/kWh) | 14.20¢/kWh |
| Electricity · Customers | 936098 |
| Electricity · Revenue Millions | $1,043 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.004074980 |
| Mobile Broadband · 4G mobile coverage | 0.995925020 (at New Mexico median) |
| Mobile Broadband · 5G mobile coverage | 0.816625917 (vs New Mexico 99.9%) |
| Mobile Home Parks Detail · County total | 75 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Other
| Homeownership Rate | 91.7% (vs New Mexico 63.6%) |
|---|---|
| Median Year Built | 1997 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12