Albuquerque Real Estate Roundup: Hispanic Homeownership Hits Record 9.8 Million in 2024

The National Association of Hispanic Real Estate Professionals (NAHREP) dropped some exciting news on March 24, 2025, with the release of their 2024 State of Hispanic Homeownership Report. The big headline? Hispanic homeownership in the U.S. has soared to a record-breaking 9.8 million households, with the homeownership rate climbing to an impressive 49.5%. For those of us in Albuquerque and across New Mexico, where the majority of our population is Hispanic, this milestone isn’t just a national statistic—it’s a game-changer for our local real estate market.

What the NAHREP Report Means for Albuquerque Real Estate

The NAHREP report highlights a powerful trend: despite skyrocketing interest rates, limited housing inventory, and affordability challenges, Hispanic families are driving homeownership growth nationwide. In 2024 alone, Hispanics accounted for 36.4% of the net increase in U.S. homeowners. This resilience is particularly relevant in Albuquerque, a city where Hispanic culture and community are the heartbeat of our identity.

New Mexico, with its majority-Hispanic population (over 50% according to the latest census data), stands to benefit immensely from this trend. Albuquerque real estate, in particular, is poised for growth as more Hispanic families—many of whom are young, first-time buyers—enter the market. The report notes that Latinos are a decade younger on average than the broader U.S. population, meaning they’ll continue fueling housing demand for years to come. For local experts like Waylon Chavez and Ryan Chavez of ABQ Premiere Properties, this signals a vibrant future for buyers, sellers, and investors in our city.

How This Impacts Albuquerque and New Mexico

1. Boost to the Local Market: As Hispanic homeownership rises, demand for homes in Albuquerque is likely to increase. Neighborhoods like the South Valley, Barelas, and the International District—areas with deep Hispanic roots—could see heightened interest from buyers looking to plant roots close to family and culture.
2. Affordability Challenges: While the growth is exciting, the report also flags ongoing hurdles like affordability and limited inventory. In Albuquerque, where median home prices have been steadily climbing (hovering around $300,000 in early 2025), first-time Hispanic buyers may need creative financing solutions. This is where local real estate pros like Waylon Chavez and Ryan Chavez shine, helping clients navigate these challenges with expertise tailored to our unique market.
3. Economic Ripple Effect: Homeownership isn’t just about buying a house—it’s about building wealth. As more Hispanic families in New Mexico become homeowners, we’ll see stronger economic stability and growth across the state. This could lead to more investment in local businesses, schools, and infrastructure, especially in Albuquerque, the state’s economic hub.
4. Policy Opportunities: NAHREP’s report comes alongside their 2025 Homeownership & Housing Policy Conference in Washington, D.C., where advocates are pushing for better mortgage accessibility and housing affordability. For New Mexico, this could mean federal support for programs that help Hispanic buyers in Albuquerque overcome barriers like high interest rates or down payment hurdles.

Why Albuquerque Real Estate is a Hot Spot

Albuquerque’s appeal goes beyond its stunning desert landscapes and rich cultural tapestry. The city offers a relatively affordable entry point into homeownership compared to coastal markets, making it a magnet for Hispanic families looking to achieve the American Dream. Pair that with the expertise of ABQ Premiere Properties, led by Waylon Chavez and Ryan Chavez, and you’ve got a winning formula for success in this booming market.

Whether you’re a first-time buyer or a seasoned investor, the Hispanic homeownership surge underscores Albuquerque’s potential. From cozy adobes in Old Town to modern builds in the Northeast Heights, there’s something here for everyone—and the numbers prove it’s a great time to jump in.

Are You Ready to Make Your Move in Albuquerque?

The 2024 NAHREP report is a wake-up call: Hispanic homeownership is reshaping the real estate landscape, and Albuquerque is at the forefront. If you’re ready to buy, sell, or invest in Albuquerque real estate, trust the local experts who know this market inside and out. Contact Waylon Chavez and Ryan Chavez at ABQ Premiere Properties today for a personalized consultation. Let’s turn your homeownership dreams into reality—reach out now at 505-712-1340 or fill out the contact form below to get started!