City · 8,555 residents · Sandoval County, New Mexico
Corrales, New Mexico
In Corrales, a typical home is worth $571,500 and typical rent is $1,143 a month. Compared with all of Sandoval County, the typical home value is 82% higher, typical rent is 20% lower, and the share of households that own their home is 8 points higher.
Typical home value from Zillow, September 2021 to September 2026: from $546,597 to $701,035.
Typical rent
$2,450a month
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Corrales is in Sandoval County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Sandoval County. See the county
What this place has that others do not, from public data, most unusual first.
1
The typical home in Corrales is worth $571,500,82% more than in Sandoval County as a whole ($313,800).
2
Nearby, in Bernalillo, the typical home value is $255,500: 55% less than in Corrales ($571,500).
3
Nearby, in North Valley, the typical rent is $893: 22% less than in Corrales ($1,143).
4
The typical rent in Corrales is $1,143 a month, 20% less than in Sandoval County as a whole ($1,427).
5
The typical household income in Corrales is $102,307,18% more than in Sandoval County as a whole ($86,636).
6
91% of households in Corrales own their home, against 84% in Sandoval County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Corrales
What homes there are in Corrales, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Corrales
Sandoval County
New Mexico
United States
Kind of home: Corrales and its comparisons
Measure
Corrales
Sandoval County
New Mexico
United States
Detached house
89%
84%
65%
61%
Attached house
7%
3%
4%
6%
Building of 2 to 4
Unreliable estimate
3%
6%
8%
Apartments (5 or more)
Unreliable estimate
4%
10%
19%
Mobile home
Unreliable estimate
7%
16%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Corrales, 9 in 10 homes are single-family detached houses; in Sandoval County, 8.
Year built
Before 19601960–19791980–19992000–20092010 or later
Corrales
Sandoval County
New Mexico
United States
Year built: Corrales and its comparisons
Measure
Corrales
Sandoval County
New Mexico
United States
Before 1960
12%
4%
17%
26%
1960–1979
25%
16%
26%
24%
1980–1999
42%
36%
32%
25%
2000–2009
12%
27%
16%
14%
2010 or later
9%
17%
10%
11%
Homes in Corrales are older: the typical year built is 1986; in Sandoval County, 1997.
In Corrales, 81% of homes have 3 bedrooms or more, about the same as in Sandoval County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200KUnreliable
$200K–$300KUnreliable
$300K–$500K36%
$500K–$750K26%
$750K–$1M20%
$1M or more11%
Value of owner-occupied homes: Corrales and its comparisons
Measure
Corrales
Under $100K
Unreliable estimate
$100K–$200K
Unreliable estimate
$200K–$300K
Unreliable estimate
$300K–$500K
36%
$500K–$750K
26%
$750K–$1M
20%
$1M or more
11%
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,49971%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Corrales and its comparisons
Measure
Corrales
Under $500
Unreliable estimate
$500–$999
Unreliable estimate
$1,000–$1,499
71%
$1,500–$1,999
Unreliable
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$2,638 a month
Sandoval County: $1,671 a month
Without a mortgage
$571 a month
Sandoval County: $475 a month
Owners with a mortgage
52%
Sandoval County: 62%
Owning costs more in Corrales: with a mortgage, the typical cost is $2,638 a month; in Sandoval County, $1,671. Without one, $571.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Corrales+28%
Sandoval County+56%
New Mexico+45%
United States+53%
Typical rent
CorralesNo clear change
Sandoval County+28%
New Mexico+26%
United States+33%
Typical household income
CorralesNo clear change
Sandoval County+36%
New Mexico+29%
United States+29%
Change since 2015–2019: Corrales and its comparisons
Measure
Corrales
Sandoval County
New Mexico
United States
Typical home value
+28%
+56%
+45%
+53%
Typical rent
No clear change
+28%
+26%
+33%
Typical household income
No clear change
+36%
+29%
+29%
From 2015–2019 to 2020–2024, the typical home value in Corrales rose 28%; in Sandoval County, it rose 56%.
Rent in Corrales moved so little since 2015–2019 that the Census cannot say whether it rose or fell.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Corrales and its comparisons
Measure
Corrales
Sandoval County
New Mexico
United States
Rental vacancy
Unreliable estimate
7.1%
5.9%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
1.0%
0.9%
More than one person per room
Unreliable estimate
2.8%
3.3%
3.4%
People per household
2.40
2.68
2.48
2.53
Drive alone
58%
71%
74%
69%
Carpool
6%
8%
10%
9%
Public transit
Unreliable estimate
1%
1%
3%
Walk or bike
Unreliable estimate
1%
2%
3%
Work from home
32%
17%
12%
15%
Other means
Unreliable estimate
2%
1%
2%
Typical commute
20 to 29 minutes
Unreliable estimate
10 to 19 minutes
20 to 29 minutes
Households in Corrales are smaller: 2.40 people on average; in Sandoval County, 2.68.
In Corrales, 32% of workers work from home, more than in Sandoval County (17%).
Do the math
What would you pay each month for a home in Corrales?
A typical home costs more than the typical income allows
We start with a typical home in Corrales, worth $571,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 54% of the typical household income in Corrales, which is $102,307 a year. For that payment to be 28% of income, a household would need to earn about $196,611 a year. Note: at that price the loan is above the FHA limit for Sandoval County ($541,287), so FHA would not insure it; the payment is only a reference.
The calculator's FHA and conventional loan limits are those of all of Sandoval County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Corrales. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $20,003 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$4,588
at 7.18% · 30 years
Loan amount
$561,148
Total interest
$807,361
Paid off in
November 2056
Includes $9,651 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,387 a month
Tight
$2,387 to $3,069 a month
Hard
more than $3,069 a month
Your payment · 54%
Compared with the typical household income in Corrales ($102,307 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$3,801
Property tax
$295
Home insurance
$238
FHA mortgage insurance (MIP)
$253
This loan is over the FHA limit
You'd borrow $551,497, but the FHA limit for a one-unit home in Corrales is $541,287. You'd need a bigger down payment or a different loan.
You need at least $20,003 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $4,588; principal and interest $3,801.
The city and its county
Corrales and Sandoval County
Corrales is in Sandoval County, New Mexico. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Corrales
Map of Sandoval County, New Mexico, with Corrales marked. Around it, the neighboring counties.
Corrales
Sandoval County
Other cities with a page
Corrales's own numbers
Typical home value
$571,500
Typical monthly rent
$1,143
Typical yearly household income
$102,307
Households that own their home
91%
Effective property tax rate
0.62%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Sandoval County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,384
Price change over 5 years (FHFA)
+57%
Homes in a high flood-risk zone
3.8%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Sandoval County.
A typical home in Corrales is worth $571,500: 82% above the county and 130% above New Mexico. With the typical household income in Corrales ($102,307 a year), a typical home costs 5.6 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Corrales5.6 years
Sandoval3.6 years
New Mexico3.9 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Sandoval County
According to FHFA’s house price index, home prices in Sandoval County rose 97% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Sandoval County.
Yearly change in FHFA’s price index in Sandoval County, 2016 to 2025
2016: +3.8% +3.8% 2016
2017: +3.2% +3.2% 2017
2018: +5.4% +5.4% 2018
2019: +5.7% +5.7% 2019
2020: +5.1% +5.1% 2020
2021: +13.9% +13.9% 2021
2022: +17.1% +17.1% 2022
2023: +9.0% +9.0% 2023
2024: +5.6% +5.6% 2024
2025: +2.0% +2.0% 2025
Change in FHFA’s price index in Sandoval County, New Mexico and the United States
Period
County
New Mexico
U.S.
Last year (2025)
+2.0%
+3.1%
+2.9%
5 years (2020–2025)
+57%
+50%
+47%
10 years (2015–2025)
+97%
+82%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Corrales next to Sandoval County, New Mexico and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Corrales$571,500
Sandoval$313,800
New Mexico$248,100
United States$332,700
Typical monthly rent
Corrales$1,143
Sandoval$1,427
New Mexico$1,067
United States$1,413
Typical yearly household income
Corrales$102,307
Sandoval$86,636
New Mexico$64,059
United States$80,734
See the full table
Corrales next to Sandoval County and New Mexico
Measure
Corrales
Sandoval County
New Mexico
U.S.
Typical home value
$571,500 ▲82% above the county
$313,800
$248,100
$332,700
Typical monthly rent
$1,143 ▼20% below the county
$1,427
$1,067
$1,413
Typical yearly household income
$102,307 ▲18% above the county
$86,636
$64,059
$80,734
Households that own their home
91% ▲8 points above the county
84%
70%
65%
Typical yearly property tax
$3,554 ▲55% above the county
$2,296
$1,731
$3,119
Effective property tax rate
0.62% ▼0.11 points below the county
0.73%
0.7%
0.94%
Renters with high rent for their income
43% ▼7 points below the county
50%
50%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Sandoval County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Corrales
For a typical $571,500 home in Corrales, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Corrales's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$4,588a month
Above the FHA limit for Sandoval County ($541,287)
Down payment
$20,003
Cash to close
$37,148
Rate
7.18%
Mortgage insurance
FHA MIP · $253
Conventional, 5% down$4,483a month
Least cash to close
Down payment
$28,575
Cash to close
$45,720
Rate
7.18%
Mortgage insurance
PMI · $271
Conventional, 20% down, no PMI$3,631a month
Down payment
$114,300
Cash to close
$131,445
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$4,159a month
Down payment
$85,725
Cash to close
$102,870
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Corrales
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Above the FHA limit for Sandoval County ($541,287)
$4,588
$20,003
$561,149
7.18%
FHA MIP · $253
$37,148
580
Conventional, 5% down Least cash to close
$4,483
$28,575
$542,925
7.18%
PMI · $271
$45,720
620*
Conventional, 20% down, no PMI
$3,631
$114,300
$457,200
7.18%
None
$131,445
620*
ITIN, 15% down (example)
$4,159
$85,725
$485,775
8.18%
None
$102,870
Set by the lender
The option that asks for the least cash to close is Conventional, 5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Corrales and for Sandoval County.
Property tax
Effective rate in Corrales
0.62%of the home’s value each year
$3,554 a year for the typical owner in Corrales.
Corrales0.62%
Sandoval0.73%
New Mexico0.7%
What New Mexico publishes3 percent cap on the yearly increase in your home's taxable value (New Mexico Legislative Finance Committee ("Property Taxes in New Mexico" brief))
Typical rent in Corrales is $1,143 a month: 20% below the county. In Corrales, 43% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Sandoval County, by unit size. To pay the 2-bedroom one ($1,384 a month) without spending more than 30% of your income, you would need to earn $26.62 an hour working full time.
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Sandoval County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Corrales or Sandoval County. The ones below are statewide in New Mexico: they work in Corrales the same as in the rest of the state.
New Mexico state agency fixed-rate second mortgage for the down payment and closing costs of first-time buyers, together with the FirstHome mortgage.Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).
New Mexico state agency fixed $7,000 second mortgage for the down payment and closing costs of low-income first-time buyers; no monthly payments and forgivable after 10 years.Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).
New Mexico state agency fixed $10,000 third loan at 0%, for the down payment only, added to FirstDown or HomeNow; repaid in monthly installments over 15 years.Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).
No legal help resource on our list is for Corrales or Sandoval County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Corrales and all of Sandoval County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Corrales?
The typical home value in Corrales is $571,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Sandoval County it is $313,800.
How much does it cost to rent in Corrales?
Typical rent in Corrales is $1,143 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Sandoval County is $1,384.
What is the FHA loan limit in Corrales?
Corrales uses the FHA limit for all of Sandoval County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Corrales?
The typical homeowner in Corrales pays $3,554 a year, according to the U.S. Census Bureau. That is 0.62% of the home’s value; in Sandoval County, the rate is 0.73%.
Where can I find free help to buy or rent in Corrales?
We found no HUD-approved counseling agencies with an office in Sandoval County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
