USA.com / New Mexico / Corrales, NM / 87048 / Housing

87048 Zip Code Housing

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As of 2010-2014, median price of a house in 87048 Zip Code is $391,700, which is much higher than the state average of $159,300 and is much higher than the national average of $175,700. The 87048 Zip Code median house value has grown by 47.87% since 2000. The growth rate for the price of a house in 87048 Zip Code is about the same as the state average rate of 47.36% and is about the same as the national average rate of 46.91%. The median year that a house in 87048 Zip Code was built is 1988, which is newer than the median year for a house built in the state which is 1981 and is newer than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 3,280 Owner Occupied Houses in 87048 Zip Code, see rank

87048 Zip Code	391,700 USD
New Mexico	159,300 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, see rank

87048 Zip Code	47.87%
New Mexico	47.36%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	87048 Zip Code	New Mexico	U.S.
Total Housing Units	3,879, see rank, 100%	907,233	132,741,033
Occupied Housing Units	3,638, 93.79%, see rank	84.29%	87.55%
Owner Occupied	3,280, 84.56%, see rank	57.46%	56.34%
Renter Occupied	358, 9.23%, see rank	26.83%	31.21%
Vacant Housing Units	241, 6.21%, see rank	15.71%	12.45%
For Rent	0, 0.00%, see rank	2.38%	2.34%
For Sale Only	45, 1.16%, see rank	1.36%	1.20%
Rented or Sold, Not Occupied	33, 0.85%, see rank	0.84%	0.92%
For Seasonal, Recreational, or Occasional Use	31, 0.80%, see rank	5.69%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.11%	0.03%
Other Vacant	132, 3.40%, see rank	5.34%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #60

87048 Zip Code	New Mexico	U.S.
1988	1981	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	87048 Zip Code	%	New Mexico	U.S.
Owner-Occupied Units	3,280	100%	521,278	74,787,460
With a Mortgage	2,166	66.04%, see rank	58.53%	65.58%
Without a Mortgage	1,114	33.96%, see rank	41.47%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

87048 Zip Code	2,226 USD
New Mexico	1,242 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	87048 Zip Code	%	New Mexico	U.S.
$299 or Less	0	0.00%, see rank	0.22%	0.20%
$300 to $499	17	0.78%, see rank	2.56%	1.59%
$500 to $699	76	3.51%, see rank	8.36%	5.01%
$700 to $999	103	4.76%, see rank	20.68%	14.32%
$1,000 to $1,499	404	18.65%, see rank	34.20%	27.90%
$1,500 to $1,999	318	14.68%, see rank	18.89%	20.35%
$2,000 to $2,999	740	34.16%, see rank	11.36%	19.52%
$3,000 or More	508	23.45%, see rank	3.72%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

87048 Zip Code	26.50% of the Total Income
New Mexico	23.20% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	87048 Zip Code	%	New Mexico	U.S.
10% or Less	172	7.94%, see rank	7.26%	5.86%
10% to 20%	598	27.61%, see rank	32.85%	31.95%
20% to 30%	450	20.78%, see rank	25.70%	27.64%
30% to 40%	242	11.17%, see rank	12.87%	13.74%
40% or More	671	30.98%, see rank	20.48%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

87048 Zip Code	441 USD
New Mexico	324 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	87048 Zip Code	%	New Mexico	U.S.
$199 or Less	73	6.55%, see rank	19.60%	7.76%
$200 to $299	99	8.89%, see rank	24.69%	14.70%
$300 to $499	582	52.24%, see rank	37.15%	34.63%
$500 to $699	203	18.22%, see rank	12.63%	21.16%
$700 or More	157	14.09%, see rank	5.93%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

87048 Zip Code	10.00% of the Total Income
New Mexico	10.00% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	87048 Zip Code	%	New Mexico	U.S.
10% or Less	617	55.39%, see rank	49.80%	40.19%
10% to 20%	269	24.15%, see rank	27.25%	31.47%
20% to 30%	117	10.50%, see rank	9.72%	12.24%
30% to 40%	30	2.69%, see rank	4.52%	5.64%
40% or More	81	7.27%, see rank	6.81%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	87048 Zip Code	New Mexico	U.S.
Total Housing Units	3,879, 100%	907,233	132,741,033
1-unit, Detached	3,340, 86.10%, see rank	64.81%	61.65%
1-unit, Attached	229, 5.90%, see rank	3.71%	5.82%
2 Units	0, 0.00%, see rank	1.92%	3.75%
3 or 4 Units	56, 1.44%, see rank	3.65%	4.43%
5 to 9 Units	0, 0.00%, see rank	2.72%	4.78%
10 or More Units	0, 0.00%, see rank	6.53%	13.08%
Mobile Home, Boat, RV, Van, etc.	254, 6.55%, see rank	16.67%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	87048 Zip Code	New Mexico	U.S.
Total Housing Units	3,879, 100%	907,233	132,741,033
1 Room	36, 0.93%, see rank	2.62%	1.95%
2 Rooms	46, 1.19%, see rank	2.34%	2.48%
3 Rooms	169, 4.36%, see rank	7.65%	9.13%
4 Rooms	301, 7.76%, see rank	17.57%	16.60%
5 Rooms	720, 18.56%, see rank	24.59%	20.41%
6 Rooms	716, 18.46%, see rank	20.08%	18.06%
7 Rooms	698, 17.99%, see rank	12.20%	12.27%
8 Rooms	573, 14.77%, see rank	6.66%	8.48%
9 Rooms or More	620, 15.98%, see rank	6.29%	10.60%
Median Rooms	6.40, see rank	5.30	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	87048 Zip Code	New Mexico	U.S.
Total Housing Units	3,879, 100%	907,233	132,741,033
No Bedroom	44, 1.13%, see rank	2.87%	2.17%
1 Bedroom	134, 3.45%, see rank	9.24%	11.16%
2 Bedrooms	574, 14.80%, see rank	25.66%	26.69%
3 Bedrooms	2,134, 55.01%, see rank	46.23%	39.70%
4 Bedrooms	871, 22.45%, see rank	13.82%	16.05%
5 or More Bedrooms	122, 3.15%, see rank	2.18%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	87048 Zip Code	New Mexico	U.S.
Total Housing Units	3,638, 100%	764,684	116,211,092
Utility Gas	2,847, 78.26%, see rank	66.93%	48.85%
Bottled, Tank, or LP Gas	320, 8.80%, see rank	8.60%	4.86%
Electricity	266, 7.31%, see rank	16.11%	36.68%
Fuel Oil, Kerosene, etc.	0, 0.00%, see rank	0.13%	5.86%
Coal or Coke	0, 0.00%, see rank	0.04%	0.12%
Wood	94, 2.58%, see rank	6.80%	2.12%
Solar Energy	42, 1.15%, see rank	0.26%	0.05%
Other Fuel	69, 1.90%, see rank	0.94%	0.47%
No Fuel Used	0, 0.00%, see rank	0.19%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	87048 Zip Code	New Mexico	U.S.
Occupied Units Paying Rent	323, 100%	224,786	39,201,928
$199 or Less	0, 0.00%, see rank	1.92%	1.50%
$200 to $299	0, 0.00%, see rank	3.59%	3.18%
$300 to $499	29, 8.98%, see rank	11.64%	7.37%
$500 to $699	33, 10.22%, see rank	23.80%	16.01%
$700 to $999	112, 34.67%, see rank	31.60%	29.17%
$1,000 to $1,499	50, 15.48%, see rank	21.59%	26.88%
$1,500 to $1,999	57, 17.65%, see rank	4.42%	9.79%
$2,000 or More	42, 13.00%, see rank	1.44%	6.10%
Median	$931, see rank	$774	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	87048 Zip Code	New Mexico	U.S.
Occupied Housing Units	3,638, 100%	764,684	116,211,092
No Vehicles Available	39, 1.07%, see rank	5.73%	9.12%
1 Vehicles Available	748, 20.56%, see rank	33.48%	33.80%
2 Vehicles Available	1,473, 40.49%, see rank	37.82%	37.48%
3 or More Vehicles Available	1,378, 37.88%, see rank	22.97%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.