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Corrales, NM
Full City Profile · New Mexico · Bernalillo County County
3.7
/5.0
B+
Good
8,557
Population
793/sq mi density
$114,207
Median Income
$64,789 per capita
$549,700
Home Value
$682,749 Zillow
$1,184
Median Rent
21.4% income on rent
58°F
Avg Temperature
330 sunny days/yr
138
Violent Crime/100K
711 property/100K
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.8 / 5.0
$114,207 median income, 3.3% unemployment
B+
Affordability
4.0 / 5.0
$549,700 home value, $1,184/mo rent
F
Safety
1.0 / 5.0
138 violent crimes/100K
A+
Education
5.0 / 5.0
52.4% bachelor's degree or higher
Housing Overview
Median Home Value
$549,700
95% above
US avg: $281,900
Median Rent
$1,184/mo
2% above
US avg: $1,163/mo
Homeownership Rate
91.3%
40% above US avg (65.4%)
Total Housing Units
3,924
Median year built: 1987
Home Value by Source
Census Median
$549,700
Zillow (ZHVI)
$682,749
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
91.3%
Owner-Occupied
8.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$828/mo
1 Bedroom
$927/mo
2 Bedroom
$1,129/mo
3 Bedroom
$1,496/mo
4 Bedroom
$1,758/mo
Census median rent:
$1,184/mo
Affordability & Housing Stock
Rent Burden
21.4%
of renters spending 30%+ of income on housing
31% below US avg (31.0%)
Median Year Built
1987
Average age of housing stock: 39 years
Homeownership Rate
91.3%
Complete Housing Data
Home Values
| Census Median Value | $549,700 |
| Zillow Home Value (ZHVI) | $682,749 |
Rent
| Census Median Rent | $1,184 |
| FMR Studio | $828 |
| FMR 1-Bedroom | $927 |
| FMR 2-Bedroom | $1,129 |
| FMR 3-Bedroom | $1,496 |
| FMR 4-Bedroom | $1,758 |
Market
Ownership & Stock
| Owner-Occupied | 91.3% |
| Renter-Occupied | 8.7% |
| Homeownership Rate | 91.3% |
| Total Housing Units | 3,924 |
| Median Year Built | 1987 |
| Rent Burden | 21.4% |