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Corrales, NM Home Values and Rents
The typical home value in Corrales is $701,035, 8th highest of 150 cities and towns in New Mexico. Median rent is $2,450 a month.
- Typical home value
- $701,035
- 8th of 150 in NM
- Median rent
- $2,450/mo
- Zillow observed rent
- Price change, 1 year
- +2.3%
- Sep 2026
- Homeownership
- 91.2%
- NM: 70.0%
Home sale prices in the Albuquerque, NM area
Zillow median sale price, Sep 2026
$365,301+1.5% from a year earlier
Half of homes in the metro area sold for more and half for less. Zillow publishes sale prices for metro areas, not for single counties or cities.
Typical home value in Corrales
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Corrales |
|---|---|
| Sep 2026 | $701,035 |
| Dec 2025 | $698,878 |
| Dec 2024 | $673,495 |
| Dec 2023 | $660,691 |
| Dec 2022 | $625,479 |
| Dec 2021 | $565,832 |
| Dec 2020 | $485,759 |
| Dec 2019 | $436,020 |
| Dec 2018 | $405,804 |
| Dec 2017 | $394,148 |
| Dec 2016 | $370,733 |
| Dec 2015 | $362,670 |
| Dec 2014 | $351,231 |
Over five years, Corrales prices changed +28.3%.
Source: Zillow Research · Last updated 09/01/2026
Housing at a glance
American Community Survey 2020-2024 5-year estimates, compared with New Mexico
- Median home value
- $571,500 · NM $248,100
- Median gross rent
- $1,143/mo · NM $1,067
- Home value to income
- 5.6 times the median household income ($102,307)
- Rent to income
- A year of median rent equals 13% of median household income
- Owner-occupied
- 91.2% of 3,551 households
- Housing units
- 3,940
- Vacancy rate
- 9.9%
- Median year built
- 1986
Fair Market Rents, FY2027
HUD rent standard for Albuquerque, NM MSA
| Unit size | Monthly rent |
|---|---|
| Studio | $977 |
| 1 bedroom | $1,112 |
| 2 bedrooms | $1,384 |
| 3 bedrooms | $1,902 |
| 4 bedrooms | $2,242 |
Home values by ZIP code
Median home value and rent (ACS 2020-2024); price changes from the FHFA annual ZIP index
Swipe the table sideways to see more columns.
| # | ZIP code | Median value | Median rent | 1-year | 5-year |
|---|---|---|---|---|---|
| 1 | 87048 | $574,000 | $1,143 | +4.3% | +47.6% |
Frequently asked questions
- What is the typical home value in Corrales, NM?
- The typical home value in Corrales is $701,035 (Zillow Home Value Index, Sep 2026). The New Mexico median is $248,100.
- How much is rent in Corrales?
- The median rent in Corrales is $2,450 a month (Zillow Observed Rent Index). HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,384.
- Are home prices going up in Corrales?
- The typical home value in Corrales changed +2.3% over one year and +28.3% over five years, as of Sep 2026.
- How does Corrales compare with the rest of New Mexico?
- Corrales has the 8th highest median home value of 150 cities and towns with 1,000+ residents in New Mexico.
- Which ZIP code in Corrales has the highest home values?
- ZIP code 87048 has the highest median home value at $574,000.