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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 ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle 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, NMNew MexicoU.S.
Total Housing Units3,635, see rank, 100%907,233132,741,033
Occupied Housing Units3,394, 93.37%, see rank84.29%87.55%
Owner Occupied3,057, 84.10%, see rank57.46%56.34%
Renter Occupied337, 9.27%, see rank26.83%31.21%
Vacant Housing Units241, 6.63%, see rank15.71%12.45%
For Rent0, 0.00%, see rank2.38%2.34%
For Sale Only45, 1.24%, see rank1.36%1.20%
Rented or Sold, Not Occupied33, 0.91%, see rank0.84%0.92%
For Seasonal, Recreational, or Occasional Use31, 0.85%, see rank5.69%3.97%
For Migrant Workers0, 0.00%, see rank0.11%0.03%
Other Vacant132, 3.63%, see rank5.34%4.00%

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

Year Structure Built

Median Built Year, #54
Corrales, NMNew MexicoU.S.
198919811976

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 MexicoU.S.
Owner-Occupied Units3,057100%521,27874,787,460
With a Mortgage2,00765.65%, see rank58.53%65.58%
Without a Mortgage1,05034.35%, see rank41.47%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 CostsCorrales, NM%New MexicoU.S.
$299 or Less00.00%, see rank0.22%0.20%
$300 to $499170.85%, see rank2.56%1.59%
$500 to $699763.79%, see rank8.36%5.01%
$700 to $9991035.13%, see rank20.68%14.32%
$1,000 to $1,49933016.44%, see rank34.20%27.90%
$1,500 to $1,99929414.65%, see rank18.89%20.35%
$2,000 to $2,99969334.53%, see rank11.36%19.52%
$3,000 or More49424.61%, see rank3.72%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 MexicoU.S.
10% or Less1728.57%, see rank7.26%5.86%
10% to 20%54227.01%, see rank32.85%31.95%
20% to 30%40720.28%, see rank25.70%27.64%
30% to 40%24212.06%, see rank12.87%13.74%
40% or More61130.44%, see rank20.48%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 CostsCorrales, NM%New MexicoU.S.
$199 or Less736.95%, see rank19.60%7.76%
$200 to $299666.29%, see rank24.69%14.70%
$300 to $49956353.62%, see rank37.15%34.63%
$500 to $69919118.19%, see rank12.63%21.16%
$700 or More15714.95%, see rank5.93%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 MexicoU.S.
10% or Less60057.14%, see rank49.80%40.19%
10% to 20%23122.00%, see rank27.25%31.47%
20% to 30%10810.29%, see rank9.72%12.24%
30% to 40%302.86%, see rank4.52%5.64%
40% or More817.71%, see rank6.81%9.16%

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

Units in Structure

 Corrales, NMNew MexicoU.S.
Total Housing Units3,635, 100%907,233132,741,033
1-unit, Detached3,120, 85.83%, see rank64.81%61.65%
1-unit, Attached205, 5.64%, see rank3.71%5.82%
2 Units0, 0.00%, see rank1.92%3.75%
3 or 4 Units56, 1.54%, see rank3.65%4.43%
5 to 9 Units0, 0.00%, see rank2.72%4.78%
10 or More Units0, 0.00%, see rank6.53%13.08%
Mobile Home, Boat, RV, Van, etc.254, 6.99%, see rank16.67%6.49%

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

Rooms

 Corrales, NMNew MexicoU.S.
Total Housing Units3,635, 100%907,233132,741,033
1 Room36, 0.99%, see rank2.62%1.95%
2 Rooms46, 1.27%, see rank2.34%2.48%
3 Rooms169, 4.65%, see rank7.65%9.13%
4 Rooms301, 8.28%, see rank17.57%16.60%
5 Rooms625, 17.19%, see rank24.59%20.41%
6 Rooms617, 16.97%, see rank20.08%18.06%
7 Rooms660, 18.16%, see rank12.20%12.27%
8 Rooms561, 15.43%, see rank6.66%8.48%
9 Rooms or More620, 17.06%, see rank6.29%10.60%
Median Rooms6.50, see rank5.305.50

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

Bedrooms

 Corrales, NMNew MexicoU.S.
Total Housing Units3,635, 100%907,233132,741,033
No Bedroom44, 1.21%, see rank2.87%2.17%
1 Bedroom134, 3.69%, see rank9.24%11.16%
2 Bedrooms550, 15.13%, see rank25.66%26.69%
3 Bedrooms1,933, 53.18%, see rank46.23%39.70%
4 Bedrooms852, 23.44%, see rank13.82%16.05%
5 or More Bedrooms122, 3.36%, see rank2.18%4.22%

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

House Heating Fuel

 Corrales, NMNew MexicoU.S.
Total Housing Units3,394, 100%764,684116,211,092
Utility Gas2,626, 77.37%, see rank66.93%48.85%
Bottled, Tank, or LP Gas320, 9.43%, see rank8.60%4.86%
Electricity243, 7.16%, see rank16.11%36.68%
Fuel Oil, Kerosene, etc.0, 0.00%, see rank0.13%5.86%
Coal or Coke0, 0.00%, see rank0.04%0.12%
Wood94, 2.77%, see rank6.80%2.12%
Solar Energy42, 1.24%, see rank0.26%0.05%
Other Fuel69, 2.03%, see rank0.94%0.47%
No Fuel Used0, 0.00%, see rank0.19%1.00%

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

Gross Rent

Monthly RentalCorrales, NMNew MexicoU.S.
Occupied Units Paying Rent302, 100%224,78639,201,928
$199 or Less0, 0.00%, see rank1.92%1.50%
$200 to $2990, 0.00%, see rank3.59%3.18%
$300 to $49929, 9.60%, see rank11.64%7.37%
$500 to $69924, 7.95%, see rank23.80%16.01%
$700 to $999112, 37.09%, see rank31.60%29.17%
$1,000 to $1,49938, 12.58%, see rank21.59%26.88%
$1,500 to $1,99957, 18.87%, see rank4.42%9.79%
$2,000 or More42, 13.91%, see rank1.44%6.10%
Median$922, see rank$774$920

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

Vehicle Available

 Corrales, NMNew MexicoU.S.
Occupied Housing Units3,394, 100%764,684116,211,092
No Vehicles Available39, 1.15%, see rank5.73%9.12%
1 Vehicles Available689, 20.30%, see rank33.48%33.80%
2 Vehicles Available1,312, 38.66%, see rank37.82%37.48%
3 or More Vehicles Available1,354, 39.89%, see rank22.97%19.61%

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


 
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