HomeNew MexicoBernalillo County
Bernalillo County, New Mexico: commercial real estate data.
Bernalillo County, New Mexico has a population of 673,930 across 1,161 square miles, down 0.7 percent since the 2020 census base. 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.
123 sourced county values · tier FULL · 11 sections
Bernalillo County
How many people live in Bernalillo County
- Population673,930
- 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-equivalents101st
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 an affordable ownership market 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 growing
- Population change since the 2020 census base-0.69 percent
- Census 2020 base population676,446
- 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
The county has lost 0.69 percent of its population since the 2020 census base.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Bernalillo County
Where people moving to Bernalillo County come from
- Tax returns filed by households arriving14,838
- People arriving, from those returns23,919
- Adjusted gross income arriving$997.1 m
- Net adjusted gross income movement$0
- Average income of an arriving household$67,202
- Largest single originBernalillo County Non-migrants (264,948 households)
- Largest single destination (264,948 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Bernalillo County Non-migrants | 264,948 | 485,674 | $20.54 bn |
| Other flows - Different State | 3,872 | 6,357 | $333.8 m |
| Sandoval County | 1,931 | 3,187 | $110.2 m |
| Other flows - South | 1,714 | 2,896 | $146.2 m |
| Other flows - Midwest | 836 | 1,343 | $56.6 m |
| Other flows - West | 795 | 1,337 | $90.2 m |
| Santa Fe County | 774 | 1,132 | $43.9 m |
| Valencia County | 693 | 1,194 | $28.0 m |
The largest single source of arrivals is Bernalillo County Non-migrants, 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 the Bernalillo County economy runs on
- 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 New Mexico counties1st
- Rank by GDP among US county-equivalents107th
- 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
Who employs people in Bernalillo County
- Covered employment, annual average347,440
- Establishments reporting22,948
- Average annual pay$63,493
- Average weekly wage$1,221
- Sector 62, employment53,203
- Sector 62, average annual pay$57,920
- Sector 44-45, employment35,260
- Sector 44-45, average annual pay$39,229
- Sector 54, employment35,179
- Sector 54, average annual pay$109,947
- Sector 72, employment33,946
- Sector 72, average annual pay$26,724
- Sector 23, employment22,309
- Sector 56, employment21,996
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 53,203 | 3,948 | $57,920 |
| Sector 44-45 | 35,260 | 2,074 | $39,229 |
| Sector 54 | 35,179 | 3,563 | $109,947 |
| Sector 72 | 33,946 | 1,536 | $26,724 |
| Sector 23 | 22,309 | 1,742 | $70,246 |
| Sector 56 | 21,996 | 1,449 | $46,315 |
| Sector 31-33 | 11,888 | 662 | $62,028 |
| Sector 52 | 11,655 | 1,251 | $85,521 |
The largest sector is the biggest private employer group at 53,203 jobs, 15.3 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Bernalillo County
What businesses operate 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.
US Census Bureau, County Business Patterns, 2023.
Bernalillo County
What is being built in Bernalillo County
- Housing units authorised by permit, 20241,316
- Declared construction value permitted$260.0 m
- Single family units authorised742
- Multifamily units authorised574
- Multifamily share of units43.6 percent
- Average declared value per unit$197,542
- Units authorised per 1,000 households4.6
Multifamily is 43.6 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Bernalillo County
How much SBA lending happens in Bernalillo County
- 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)
- Most active lenderBMO Bank National Association (61)
- 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)
- 7(a) share of SBA approvals69.8 percent
- Combined SBA approval dollars$577.2 m
The average approval of $627,664 sits well above the median of $300,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually 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
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.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Bernalillo County
Which parts of Bernalillo County get the lending
- Places in the county with recorded lending11
- ALBUQUERQUE, approvals587
- CEDAR CREST, approvals7
- LOS RANCHOS, approvals7
- TIJERAS, approvals5
- Sandia Park, approvals5
- CORRALES, approvals3
| Place | Approvals | Gross approval dollars |
|---|---|---|
| ALBUQUERQUE | 587 | $376,479,000 |
| CEDAR CREST | 7 | $2,697,000 |
| LOS RANCHOS | 7 | $4,011,500 |
| TIJERAS | 5 | $917,000 |
| Sandia Park | 5 | $2,158,400 |
| CORRALES | 3 | $1,843,000 |
| Los Ranchos De Albuquerque | 2 | $590,000 |
| Albequerque | 2 | $310,000 |
ALBUQUERQUE accounts for 587 approvals against 7 in CEDAR CREST. 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 big 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.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
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.
- Population673,930
- 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?
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 growing?
The population has fallen 0.69 percent since the 2020 census base. 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 there 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 the average wage in Bernalillo County?
Average annual pay is $63,493, or $1,221 a week, across 347,440 covered jobs. 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 totalling $389.8 m since FY2020, across 86 lenders, with a median approval of $300,000, plus 269 504 approvals worth $187.4 m. 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.
What is being built in Bernalillo County?
1,316 housing units were authorised 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 Bernalillo County Non-migrants, with 264,948 households. Arriving households report an average income of $67,202 against null 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.