Home Insurance in Los Ranchos de Albuquerque, New Mexico
With a median home value of $492,400, Los Ranchos de Albuquerque is 68% higher than the Bernalillo County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Los Ranchos de Albuquerque was built around 1969. About 39% of homes were built before 1960, about 21 points above Bernalillo County's 19%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Los Ranchos de Albuquerque is 82% single-family homes, 12% apartments in buildings with 5+ units and 3% mobile or manufactured homes.
60% of owner-occupied homes in Los Ranchos de Albuquerque carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Los Ranchos de Albuquerque has an owner-occupancy rate of 80% and a vacancy rate of 5%; unoccupied homes typically need a different coverage form.
76% of homes in Los Ranchos de Albuquerque are primarily heated with natural gas.
FEMA rates Bernalillo County's overall risk as Relatively High, led by winter weather (Very High). Bernalillo County had 1,214 active NFIP flood policies as of September 2026. See the full Bernalillo County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in New Mexico is $1,490 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $492,400 |
|---|---|
| Median year built | 1969 |
| Owner-occupied share | 80% |
| Share of owner-occupied homes with a mortgage | 60% |
| Top county hazard | Winter Weather (Very High) |
| Active NFIP policies in Bernalillo County | 1,214 |
| Home insurance premium | $1,490 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)