Corrales, New Mexico.
Typical home $701,035 (+2.3% in a year), asking rent $2,450 . Albuquerque, NM metro.
to buy the typical home at today's mortgage rate — +$2,078 (+130%) since Jan 2020.
- 1 year
- Up $15,893 +2%
- $685,142$701,035 since Sep 2025
- 5 years
- Up $154,438 +28%
- $546,597$701,035 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Corrales$3,680
- New Mexico$1,658
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 14 years.
Typical home values in Corrales, NM rose 2.3% over the past year — faster than the nation's +1.2%.
Living in Corrales, Sandoval County, New Mexico
Corrales is a village of 8,493 people in Sandoval County. Half its households earn more than $102,307 a year and half less, against $86,636 across Sandoval County; 7% of its people live below the poverty line. 91% of its homes are lived in by their owners and 9% are rented. Unemployment in Sandoval County was 4.9% in August 2026, and the county had 0.6% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Corrales is a village, and it is a settled one: people here are older than in most of the country, and nearly all homes are lived in by their owners. Household incomes are higher than across Sandoval County, fewer residents live below the poverty line than in many places, and typical home values are high. A large share of adults hold a four-year degree. Winters are cold, with a coldest month of December, while summers are hot, peaking in July, and the year brings little rain or melted snow.
Work. Many residents work in schools, hospitals and social care, in professional and business services, in the building trades, and in restaurants, hotels and entertainment. Across Sandoval County, some of the largest workplaces are Intel, Rio Rancho Schools and UNM Sandoval Regional Medical Center. The county has added jobs over the past year, though unemployment there is a little higher than it was a year earlier. A good number of residents work from home, and the typical commute is a moderate one.
Things to do. A short drive away, Coronado State Monument is an archaeological site, and the Rio Grande Nature Center State Park is a protected area along the river. The New Mexico Museum of Natural History and Science is also a short drive away. Petroglyph National Monument, another archaeological site, is a longer drive away.
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- 3,551households
- 52%of adults have a degree
- 7%below the poverty line
- 29 mintypical commute
- 32%work from home
What residents work in
Employed residents by industry, from the Census survey. Sandoval County had 35,867 jobs in 2025, 0.6% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 50° and lows near 24°; warmest in July, with highs near 96° and lows near 64°. About 10 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Rio Rancho #2 weather station, a mile away (NOAA).
Largest workplaces in Sandoval County
- IntelSemiconductor devices manufacturing3,109
- RIO Rancho SchoolsSchool district1,307FTE
- HPWorkstations, computer, manufacturing613
- UNM Sandoval Regional Medical CenterGeneral hospital570FTE
- Sandoval CountyCounty development agencies542
- Bernalillo SchoolsSchool district448FTE
- WalmartWarehouse clubs and supercenters407
- WalmartWarehouse clubs and supercenters357
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 47 workplaces with 20 or more staff, 8,642 people in all across the county; Corrales has two of its own. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Inland floodingRelatively high
- LightningRelatively high
- WildfireRelatively moderate
- EarthquakesRelatively moderate
- HailRelatively moderate
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Corrales’ census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Sandoval County and the Albuquerque, NM metro.
Corrales home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Corrales$701,035
- New Mexico$315,812
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Corrales listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Corrales32.92%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Corrales58
New listings per month
Sellers arriving at the market.
- Corrales16
Zip codes with a Corrales address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Corrales — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.