Renting vs Buying in Albuquerque: Why Homeownership Builds Real Wealth

If you're currently renting in Albuquerque, you've probably noticed that rent prices are steadily climbing year after year. With the average rent for an 800-square-foot apartment in Albuquerque hovering around $1,400 per month, many renters are beginning to ask the question: Is it time to buy? The answer for most is a resounding yes—especially if you're looking to build long-term wealth and stability.

Homeowners Have 40x the Net Worth of Renters

According to recent studies by the Federal Reserve, the median net worth of homeowners is nearly 40 times greater than that of renters. Why? Because homeowners build equity with every mortgage payment, while renters are essentially paying someone else's mortgage. Over time, owning a home becomes one of the most reliable ways to grow your financial future.

In a growing market like Albuquerque, where demand for homes is strong and new development continues to expand across the metro area, buying a home now means you’re investing in an appreciating asset. Whether you're looking in the South Valley, the Westside, or in Albuquerque's up-and-coming new home communities, you’ll find that homeownership is more accessible—and more rewarding—than ever.

It's Easier to Buy Than You Think

Many people delay homeownership because they assume they need perfect credit or a huge down payment—but that simply isn’t true. There are a variety of first-time buyer programs, down payment assistance options, and low-interest loans available to qualified buyers right here in New Mexico.

With over 19 years of experience and hundreds of families helped, Waylon Chavez with ABQ Premiere Properties can walk you through every step of the process. From connecting you with trusted lenders to showing you the best Albuquerque real estate and new homes, Waylon is here to help you stop renting and start building equity.

Make the Move to Homeownership Today

Don't let another year go by while your rent keeps rising and your wealth remains stagnant. Whether you’re ready to buy now or just want to explore your options, Waylon Chavez is here to help you discover what’s possible.

📞 Call or text Waylon Chavez at 505-712-1340
📩 Or send a message through the contact form below.

Let’s see if you qualify to begin your home buying journey—and finally start building the future you deserve.