Albuquerque, New Mexico is located in the high-desert, at an altitude of over 5,000ft. The Rio Grande river runs through the city and the Sandia Mountains border its eastern side. There is plenty of new home construction in the city and surrounding suburbs, often in the stucco style that is popular throughout the southwest. The resale market is also strong for homes, with the state’s largest city continuing to see growth.
Albuquerque is geographically divided into four quadrants, defined by route 66’s old path and the BNSF railroad tracks. The southwest quadrant consists of suburban and rural neighborhoods. It is home to some of the area’s oldest houses, but does have newer construction as well. There is also proposed development for the area to bring in housing for an addition 100,000 people over the next several decades. The southeast quadrant has a wide variety of business and entertainment amenities and is home to some established upscale neighborhoods, such as Nob Hill and Willow Wood. The northwest quadrant is where historic Old Town can be found, along with some older, more expensive neighborhoods and new developments along its east side. These 3 quadrants have natural boundaries, limiting their expansion. The northeast quadrant does not have the same type of boundaries and is where the city is experiencing the most growth with new home construction, helping the resale market and increasing home prices.
Many of the top employers for the state of New Mexico are located in Albuquerque. The University of New Mexico, Albuquerque Retail and Albuquerque Health are 3 of the biggest employers for the state and they are all in Albuquerque. Along with health and education, the technology sector is big in New Mexico’s largest city. The top tech industries in the area are alternative energy technology, defense and aerospace. Kirtland Air Force Base in Albuquerque employs over 23,000 people, including civilians and active military.