What is the rental vacancy rate in South Valley, NM?

Name: Vacancy rate in South Valley, NM, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The rental vacancy rate in South Valley, NM is 3.5% (±3.2 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 0.1% (±0.1 points).

946 (±226) homes, 6.7% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In South Valley, the rental vacancy rate went from 6.8% in 2015–2019 to 3.5% in 2020–2024 (−3.3 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Rental vacancy rate: 3.5% (±3.2 points)
Homeowner vacancy rate: 0.1% (±0.1 points)
Vacant homes: 946 (±226)

Vacancy in South Valley against Bernalillo County, its state and the nation

Estimate (90% margin of error)
	South Valley	Bernalillo County	New Mexico	United States
Rental vacancy rate	3.5% (±3.2 points)	5.6% (±0.6 points)	5.9% (±0.4 points)	5.5%
Homeowner vacancy rate	0.1% (±0.1 points)	0.7% (±0.2 points)	1.0% (±0.1 points)	0.9%
Vacant housing units	946 (±226)	17,251 (±1,076)	119,550 (±2,688)	14,547,859

The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.

In South Valley, the rental vacancy rate is not measurably different from Bernalillo County (5.6%).

It is not measurably different from New Mexico (5.9%).

It is not measurably different from the national figure (5.5%).

Rental vacancy rate in places near South Valley

Nearest places with a published estimate, compared with South Valley
Place	Distance	Rental vacancy rate	Compared with this place
South Valley	—	3.5% (±3.2 points)	—
Albuquerque	6.9 mi	5.9% (±0.7 points)	Not measurably different
Isleta	7.3 mi	0.0% (±59.9 points)	Not measurably different
Kirtland AFB	7.4 mi	3.2% (±5.2 points)	Not measurably different
Bosque Farms	11 mi	0.0% (±21.3 points)	Not measurably different
Los Ranchos de Albuquerque	11 mi	10.0% (±13.5 points)	Not measurably different
North Valley	12 mi	0.0% (±4.2 points)	Not measurably different
Peralta	12 mi	0.0% (±16.0 points)	Not measurably different
Paradise Hills	13 mi	0.0% (±8.7 points)	Not measurably different

None of the nearby places differs measurably from this one on this figure.

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Rental vacancy rate across Bernalillo County, place by place

Rank	Place	Rental vacancy rate
1	Los Ranchos de Albuquerque	10.0% (±13.5 points)
2	Albuquerque	5.9% (±0.7 points)
3	South Valley	3.5% (±3.2 points)
4	Kirtland AFB	3.2% (±5.2 points)
5 (tie)	Barton	0.0% (±41.1 points)
5 (tie)	Isleta	0.0% (±59.9 points)
5 (tie)	North Valley	0.0% (±4.2 points)
5 (tie)	Paradise Hills	0.0% (±8.7 points)
5 (tie)	Ponderosa Pine	0.0% (±53.6 points)

Showing 9 of 12 places in Bernalillo County, ranked from highest to lowest.

South Valley is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about South Valley

Is it hard to find a rental in South Valley?

The rental vacancy rate in South Valley, NM is 3.5% (±3.2 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.

Is the rental market in South Valley tighter than it was?

In South Valley, the rental vacancy rate went from 6.8% in 2015–2019 to 3.5% in 2020–2024 (−3.3 percentage points), not a measurable change.

How many homes are vacant in South Valley?

An estimated 946 (±226) housing units, 6.7% of the total, including seasonal homes and homes waiting to be sold or rented.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for South Valley CDP, New Mexico (place:74520, in state:35).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.