HomeNew MexicoBernalillo County
Bernalillo County, New Mexico: commercial real estate data.
Bernalillo County, New Mexico had an estimated 671,747 residents on July 1, 2024, down 0.7 percent since the 2020 census base of 676,446, across 1,161 square miles. County output reached $54.83 bn in 2024, 16,349 establishments operate here, and the SBA record carries 621 7(a) approvals worth $389.8 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Bernalillo County
How many people live in Bernalillo County
- Population, American Community Survey 2020-2024673,930
- Households285,495
- Average household size2.36
- Median household income$69,473
- Median age39.5
- Median gross rent$1,144 per month
- Median owner-occupied home value$292,900
- Home value to household income4.2 times
- Annual rent as a share of median income19.8 percent
- Adults 25 and over with a bachelor degree or higher38.1 percent
- Adults 25 and over with a graduate degree17.5 percent
- Adults 25 and over476,949
- Population under 18136,749
- Share under 1820.3 percent
- Population 65 and over123,220
- Share 65 and over18.3 percent
- Working age population, 18 to 64413,961
- Civilian labor force342,136
- Unemployment rate5.3 percent
- Labor force participation, adults 18 and over63.7 percent
- Rank by population among New Mexico counties1st of 33
- Rank by population among US county-equivalents, Puerto Rico included101st of 3,222
Bernalillo County is the 1st largest of 33 New Mexico counties by population. A median home costs 4.2 times median household income, which is seriously unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 20.3 percent against 18.3 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Bernalillo County
Is Bernalillo County's population growing?
- Population, July 1, 2024671,747
- Census 2020 base population676,446
- Population change since the 2020 census base-0.69 percent
- Population change, 2023 to 2024-825
- Births, 20246,579
- Deaths, 20246,721
- Natural change, 2024-142
- Net domestic migration, 2024-4,618
- Net international migration, 20243,943
- Total net migration, 2024-675
- Cumulative net domestic migration, 2021 to 2024-13,030
- Rank by growth among US county-equivalents2087th of 3,144
The county has lost 0.69 percent of its population since the 2020 census base. The population fell in 2024 from both sources: deaths exceeded births and more people left than moved in.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Bernalillo County
Where are people moving to Bernalillo County from?
- Tax returns filed by households arriving14,838
- People arriving, from those returns23,919
- Tax returns filed by households leaving15,781
- Net household movement-943
- Adjusted gross income arriving$997.1 m
- Net adjusted gross income movement$-95.2 m
- Average income of an arriving household$67,202
- Average income of a leaving household$69,218
- Largest single originSandoval County (1,931 households)
- Largest single destinationSandoval County (2,396 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Sandoval County | 1,931 | 3,187 | $110.2 m |
| Santa Fe County | 774 | 1,132 | $43.9 m |
| Valencia County | 693 | 1,194 | $28.0 m |
| Maricopa County | 477 | 748 | $28.7 m |
| McKinley County | 346 | 623 | $13.2 m |
| Doña Ana County | 328 | 461 | $15.4 m |
| Los Angeles County | 323 | 496 | $22.9 m |
| Clark County | 194 | 300 | $10.2 m |
Households arriving report $2,016 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Sandoval County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Bernalillo County
What is the Bernalillo County economy?
- County GDP, 2024$54.83 bn
- County GDP, 2023$51.97 bn
- GDP change, 2023 to 20245.5 percent
- GDP change over five years36.1 percent
- Rank by GDP among the New Mexico areas BEA publishes1st of 33
- Rank by GDP among the US county areas BEA publishes107th of 3,127
- GDP per resident$81,360
Output grew 5.5 percent in the latest year and 36.1 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Bernalillo County
Employment by industry in Bernalillo County
- Covered employment, annual average347,440
- Establishments reporting22,948
- Average annual pay$63,493
- Average weekly wage$1,221
- Health care and social assistance, employment53,203
- Health care and social assistance, average annual pay$57,920
- Retail trade, employment35,260
- Retail trade, average annual pay$39,229
- Professional, scientific and technical services, employment35,179
- Professional, scientific and technical services, average annual pay$109,947
- Accommodation and food services, employment33,946
- Accommodation and food services, average annual pay$26,724
- Construction, employment22,309
- Administrative and support and waste management services, employment21,996
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 53,203 | 3,948 | $57,920 |
| Retail trade | 35,260 | 2,074 | $39,229 |
| Professional, scientific and technical services | 35,179 | 3,563 | $109,947 |
| Accommodation and food services | 33,946 | 1,536 | $26,724 |
| Construction | 22,309 | 1,742 | $70,246 |
| Administrative and support and waste management services | 21,996 | 1,449 | $46,315 |
| Manufacturing | 11,888 | 662 | $62,028 |
| Finance and insurance | 11,655 | 1,251 | $85,521 |
Health care and social assistance is the largest private sector at 53,203 jobs, 15.3 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Bernalillo County
How many businesses are in Bernalillo County?
- Establishments, all industries16,349
- Employment at those establishments277,465
- Annual payroll$15.26 bn
- Establishments per 1,000 residents24.3
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Bernalillo County
Building permits in Bernalillo County
- Housing units authorized by permit, 20241,316
- Declared construction value permitted$260.0 m
- Single family units authorized742
- Multifamily units authorized574
- Multifamily share of units43.6 percent
- Average declared value per unit$197,542
- Units authorized per 1,000 households4.6
Multifamily is 43.6 percent of units authorized, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Bernalillo County
SBA loans in Bernalillo County (7(a) and 504)
- 7(a) approvals recorded621
- 7(a) gross approval dollars$389.8 m
- Average 7(a) approval$627,664
- Median 7(a) approval$300,000
- 10th percentile approval$25,000
- 90th percentile approval$1,635,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)8,336
- Jobs per approval13.4
- Distinct 7(a) lenders active86
- Distinct industries receiving approvals222
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer23.5 percent
- Loans on real estate terms146
- Loans on working capital terms, 120 months or shorter448
- Franchise loans102
- Franchise share of approvals16.4 percent
- Leading industry by approval countHotels (except Casino Hotels) and Motels (22)
- 504 approvals recorded269
- 504 gross approval dollars$187.4 m
- Average 504 approval$696,546
- Median 504 approval$417,000
- Distinct CDCs active9
- 504 jobs per approval9.1
- 504 jobs per million dollars approved13.1
- Most active CDCEnchantment Land Certified Development Company (128)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$577.2 m
The average approval of $627,664 sits well above the median of $300,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 23.5 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Bernalillo County
SBA loan default and charge-off rates in Bernalillo County
Do SBA loans in Bernalillo County get paid back?
- Loans with a final outcome recorded122
- Paid in full112
- Charged off10
- Charge-off rate on resolved loans8.2 percent
- Status: Exempt from disclosure404
- Status: Paid in full112
- Status: Cancelled75
- Status: Charged off10
- Status: Committed, not yet disbursed20
Of the 122 loans that have reached a final outcome, 8.2 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Bernalillo County
SBA lending by place in Bernalillo County
- Borrower cities with recorded lending11
- Albuquerque, approvals587
- Los Ranchos, approvals7
- Cedar Crest, approvals7
- Sandia Park, approvals5
- Tijeras, approvals5
- Corrales, approvals3
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Albuquerque | 587 | $376,479,000 |
| Los Ranchos | 7 | $4,011,500 |
| Cedar Crest | 7 | $2,697,000 |
| Sandia Park | 5 | $2,158,400 |
| Tijeras | 5 | $917,000 |
| Corrales | 3 | $1,843,000 |
| Los Ranchos de Albuquerque | 2 | $590,000 |
| Albequerque | 2 | $310,000 |
| 3 other borrower cities | 3 | $773,200 |
Albuquerque accounts for 587 approvals against 7 in Los Ranchos. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Bernalillo County
How large is Bernalillo County?
- Land area1,161 sq mi
- Rank by land area among New Mexico counties31st of 33
- Width, east to west59.3 mi
- Height, north to south24.1 mi
- Geographies sharing a boundary5
- Residents per square mile of land580
- Establishments per square mile14.08
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Bernalillo County
Flood risk in Bernalillo County
- Participation of the county's own NFIP community Bernalillo County, unincorporated areasParticipating, community 350001
- Community Rating System class of the county's own communityClass 8
- Communities in the county in the NFIP Community Status Book6
- Of those, participating in the NFIP6
- NFIP participation rate100.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 7
- Communities carrying a CRS class2
- Radon levels in Bernalillo County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The county's own community in the status book, unincorporated Bernalillo County (community 350001), participates in the National Flood Insurance Program and carries Community Rating System class 8, a flood insurance premium discount for policies written there. The EPA places Bernalillo County in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. The best Community Rating System class among the county's communities is 7, which carries a flood insurance premium discount for policies written in that community. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Bernalillo County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Bernalillo County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-2024673,930
- Households285,495
- Average household size2.36
- Median household income$69,473
- Median age39.5
Common questions
Bernalillo County questions, answered from the record.
How many people live in Bernalillo County, New Mexico?
The Census Bureau estimates 671,747 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 673,930, in 285,495 households, ranking 1st of 33 New Mexico counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Bernalillo County's population growing?
The population has fallen 0.69 percent since the 2020 census base of 676,446, to 671,747 on July 1, 2024. In 2024 there were 6,579 births against 6,721 deaths, with net migration of -675. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Bernalillo County?
$69,473. The median owner-occupied home is valued at $292,900, which is 4.2 times income, and median gross rent is $1,144 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Bernalillo County?
16,349 establishments, employing 277,465 people with an annual payroll of $15.26 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Bernalillo County?
Health care and social assistance is the largest private sector at 53,203 jobs, 15.3 percent of covered employment. Covered employment averages 347,440 jobs at an average annual pay of $63,493, or $1,221 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Bernalillo County?
621 7(a) approvals totaling $389.8 m since FY2020, across 86 lenders, with a median approval of $300,000, plus 269 504 approvals worth $187.4 m since FY2010. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Bernalillo County get paid back?
Of the 122 loans that have reached a final outcome, 112 were paid in full and 10 charged off, a charge-off rate of 8.2 percent. Loans still running are excluded, because they have not yet succeeded or failed.
How many building permits were issued in Bernalillo County?
1,316 housing units were authorized by permit in 2024, with a declared construction value of $260.0 m. Multifamily was 43.6 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Bernalillo County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Bernalillo County come from?
The largest single origin is Sandoval County, with 1,931 households. Arriving households report an average income of $67,202 against $69,218 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Bernalillo County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Bernalillo County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Bernalillo County
Cities and places in Bernalillo.
25 Census places lie wholly or partly in Bernalillo County. All 25 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Albuquerque | city | 562,218 | 587 | Wholly in this county |
| Rio Rancho | city | 108,515 | 1 | 15.2 percent here, 84.8 percent Sandoval County |
| South Valley | CDP | 37,120 | None recorded | Wholly in this county |
| North Valley | CDP | 10,455 | None recorded | Wholly in this county |
| Edgewood | town | 6,124 | None recorded | 23.6 percent here, 72.9 percent Santa Fe County, 3.6 percent Sandoval County |
| Los Ranchos de Albuquerque | village | 5,857 | 2 | Wholly in this county |
| Paradise Hills | CDP | 4,591 | None recorded | Wholly in this county |
| Kirtland AFB | CDP | 3,413 | None recorded | Wholly in this county |
| Sandia Heights | CDP | 3,160 | None recorded | Wholly in this county |
| Sandia Knolls | CDP | 1,445 | None recorded | Wholly in this county |
| Ponderosa Pine | CDP | 1,442 | None recorded | Wholly in this county |
| Barton | CDP | 1,302 | None recorded | 67.3 percent here, 32.7 percent Santa Fe County |
| Isleta | CDP | 1,043 | None recorded | Wholly in this county |
| Cedar Crest | CDP | 886 | 7 | Wholly in this county |
| Carnuel | CDP | 877 | None recorded | Wholly in this county |
| Paa-Ko | CDP | 743 | None recorded | Wholly in this county |
| San Antonito | CDP | 688 | None recorded | Wholly in this county |
| Sedillo | CDP | 565 | None recorded | Wholly in this county |
| Tijeras | village | 524 | 5 | Wholly in this county |
| Cedro | CDP | 372 | None recorded | Wholly in this county |
| Sandia Park | CDP | 333 | 5 | Wholly in this county |
| Edith Enclave | CDP | 185 | None recorded | Wholly in this county |
| Pajarito Mesa | CDP | 83 | None recorded | Wholly in this county |
| Chilili | CDP | 46 | None recorded | Wholly in this county |
| Manzano Springs | CDP | 7 | None recorded | 22.1 percent here, 77.9 percent Torrance County |
A further 14 of the county's 621 SBA 7(a) approvals are to borrowers in cities that match no Census place in Bernalillo County, the largest being Los Ranchos (7), Corrales (3), Albequerque (2). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.
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