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

Corrales, NM Housing

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As of 2010-2014, median price of a house in Corrales is $406,000, which is much higher than the state average of $159,300 and is much higher than the national average of $175,700. The Corrales median house value has grown by 52.06% since 2000. The growth rate for the price of a house in Corrales is higher than the state average rate of 47.36% and is higher than the national average rate of 46.91%. The median year that a house in Corrales was built is 1989, 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 3,057 Owner Occupied Houses in Corrales, NM, #9

Corrales, NM	406,000 USD
New Mexico	159,300 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #87

Corrales, NM	52.06%
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

	Corrales, NM	New Mexico	U.S.
Total Housing Units	3,635, see rank, 100%	907,233	132,741,033
Occupied Housing Units	3,394, 93.37%, see rank	84.29%	87.55%
Owner Occupied	3,057, 84.10%, see rank	57.46%	56.34%
Renter Occupied	337, 9.27%, see rank	26.83%	31.21%
Vacant Housing Units	241, 6.63%, see rank	15.71%	12.45%
For Rent	0, 0.00%, see rank	2.38%	2.34%
For Sale Only	45, 1.24%, see rank	1.36%	1.20%
Rented or Sold, Not Occupied	33, 0.91%, see rank	0.84%	0.92%
For Seasonal, Recreational, or Occasional Use	31, 0.85%, see rank	5.69%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.11%	0.03%
Other Vacant	132, 3.63%, see rank	5.34%	4.00%

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

Year Structure Built

Median Built Year, #54

Corrales, NM	New Mexico	U.S.
1989	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

	Corrales, NM	%	New Mexico	U.S.
Owner-Occupied Units	3,057	100%	521,278	74,787,460
With a Mortgage	2,007	65.65%, see rank	58.53%	65.58%
Without a Mortgage	1,050	34.35%, 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

Corrales, NM	2,289 USD
New Mexico	1,242 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Corrales, NM	%	New Mexico	U.S.
$299 or Less	0	0.00%, see rank	0.22%	0.20%
$300 to $499	17	0.85%, see rank	2.56%	1.59%
$500 to $699	76	3.79%, see rank	8.36%	5.01%
$700 to $999	103	5.13%, see rank	20.68%	14.32%
$1,000 to $1,499	330	16.44%, see rank	34.20%	27.90%
$1,500 to $1,999	294	14.65%, see rank	18.89%	20.35%
$2,000 to $2,999	693	34.53%, see rank	11.36%	19.52%
$3,000 or More	494	24.61%, see rank	3.72%	11.12%

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

Corrales, NM	26.90% 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

	Corrales, NM	%	New Mexico	U.S.
10% or Less	172	8.57%, see rank	7.26%	5.86%
10% to 20%	542	27.01%, see rank	32.85%	31.95%
20% to 30%	407	20.28%, see rank	25.70%	27.64%
30% to 40%	242	12.06%, see rank	12.87%	13.74%
40% or More	611	30.44%, 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

Corrales, NM	445 USD
New Mexico	324 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Corrales, NM	%	New Mexico	U.S.
$199 or Less	73	6.95%, see rank	19.60%	7.76%
$200 to $299	66	6.29%, see rank	24.69%	14.70%
$300 to $499	563	53.62%, see rank	37.15%	34.63%
$500 to $699	191	18.19%, see rank	12.63%	21.16%
$700 or More	157	14.95%, see rank	5.93%	21.75%

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

Corrales, NM	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

	Corrales, NM	%	New Mexico	U.S.
10% or Less	600	57.14%, see rank	49.80%	40.19%
10% to 20%	231	22.00%, see rank	27.25%	31.47%
20% to 30%	108	10.29%, see rank	9.72%	12.24%
30% to 40%	30	2.86%, see rank	4.52%	5.64%
40% or More	81	7.71%, 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

	Corrales, NM	New Mexico	U.S.
Total Housing Units	3,635, 100%	907,233	132,741,033
1-unit, Detached	3,120, 85.83%, see rank	64.81%	61.65%
1-unit, Attached	205, 5.64%, see rank	3.71%	5.82%
2 Units	0, 0.00%, see rank	1.92%	3.75%
3 or 4 Units	56, 1.54%, 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, 6.99%, see rank	16.67%	6.49%

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

Rooms

	Corrales, NM	New Mexico	U.S.
Total Housing Units	3,635, 100%	907,233	132,741,033
1 Room	36, 0.99%, see rank	2.62%	1.95%
2 Rooms	46, 1.27%, see rank	2.34%	2.48%
3 Rooms	169, 4.65%, see rank	7.65%	9.13%
4 Rooms	301, 8.28%, see rank	17.57%	16.60%
5 Rooms	625, 17.19%, see rank	24.59%	20.41%
6 Rooms	617, 16.97%, see rank	20.08%	18.06%
7 Rooms	660, 18.16%, see rank	12.20%	12.27%
8 Rooms	561, 15.43%, see rank	6.66%	8.48%
9 Rooms or More	620, 17.06%, see rank	6.29%	10.60%
Median Rooms	6.50, see rank	5.30	5.50

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

Bedrooms

	Corrales, NM	New Mexico	U.S.
Total Housing Units	3,635, 100%	907,233	132,741,033
No Bedroom	44, 1.21%, see rank	2.87%	2.17%
1 Bedroom	134, 3.69%, see rank	9.24%	11.16%
2 Bedrooms	550, 15.13%, see rank	25.66%	26.69%
3 Bedrooms	1,933, 53.18%, see rank	46.23%	39.70%
4 Bedrooms	852, 23.44%, see rank	13.82%	16.05%
5 or More Bedrooms	122, 3.36%, see rank	2.18%	4.22%

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

House Heating Fuel

	Corrales, NM	New Mexico	U.S.
Total Housing Units	3,394, 100%	764,684	116,211,092
Utility Gas	2,626, 77.37%, see rank	66.93%	48.85%
Bottled, Tank, or LP Gas	320, 9.43%, see rank	8.60%	4.86%
Electricity	243, 7.16%, 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, 2.77%, see rank	6.80%	2.12%
Solar Energy	42, 1.24%, see rank	0.26%	0.05%
Other Fuel	69, 2.03%, 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	Corrales, NM	New Mexico	U.S.
Occupied Units Paying Rent	302, 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, 9.60%, see rank	11.64%	7.37%
$500 to $699	24, 7.95%, see rank	23.80%	16.01%
$700 to $999	112, 37.09%, see rank	31.60%	29.17%
$1,000 to $1,499	38, 12.58%, see rank	21.59%	26.88%
$1,500 to $1,999	57, 18.87%, see rank	4.42%	9.79%
$2,000 or More	42, 13.91%, see rank	1.44%	6.10%
Median	$922, see rank	$774	$920

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

Vehicle Available

	Corrales, NM	New Mexico	U.S.
Occupied Housing Units	3,394, 100%	764,684	116,211,092
No Vehicles Available	39, 1.15%, see rank	5.73%	9.12%
1 Vehicles Available	689, 20.30%, see rank	33.48%	33.80%
2 Vehicles Available	1,312, 38.66%, see rank	37.82%	37.48%
3 or More Vehicles Available	1,354, 39.89%, see rank	22.97%	19.61%

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