Checked
Housing Affordability in Corrales, NM
Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.
- Households paying 30%+ for housing
- 22.7%
- New Mexico 29.0%
- Renters paying 30%+
- 43.0%
- New Mexico 50.2%
- Homeowners paying 30%+
- 21.1%
- New Mexico 20.8%
- Owner costs with a mortgage
- $2,638/mo
- New Mexico $1,564/mo
Corrales has fewer than 10,000 residents, so these survey estimates have wide margins of error. Compare with care.
Housing costs compared with income
- Renters paying 30% or more10543.0%
- Homeowners paying 30% or more67621.1%
- Renters paying 50% or more177.0%
- Median rent as a share of income: 22.4%
- Median owner costs as a share of income, with a mortgage: 22.2%
- Median owner costs without a mortgage: $571/mo
- Median home value divided by median household income: 5.6
How it compares
Swipe the table sideways to see more columns.
| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Corrales, NM | 22.7% | 43.0% | 21.1% | 22.4% |
| Sandoval County | 22.5% | 50.0% | 17.6% | 30.0% |
| New Mexico | 29.0% | 50.2% | 20.8% | 30.1% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Frequently asked questions
- What is the housing cost burden in Corrales, NM?
- In Corrales, NM, 22.7% of households spend 30% or more of their income on housing costs.
- How does Corrales compare with New Mexico?
- The households paying 30%+ for housing in Corrales is 22.7%, compared with 29.0% for New Mexico as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates