Zip 87048 (Corrales, NM) Housing

The housing market in 87048 Corrales, New Mexico is particularly strong. The median value of a home in this area is $604,000, which is significantly higher than the US median housing value of $338,100. Additionally, the one year appreciation for homes in 87048 Corrales was 13.83%, which is nearly two times higher than the one year appreciation rate for homes nationwide at 8.27%. This indicates that individuals living in or purchasing a home in this area can expect to see a significant return on their investment as time passes.

The median home cost in Corrales (zip 87048) is $604,000. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Corrales (zip 87048) is up 16.7%.

Average Age of Homes

- The median age of Corrales (zip 87048) real estate is 28 years old

The Rental Market in Corrales (zip 87048)

- Renters make up 9.2% of the Corrales (zip 87048) population
- 1.6% of houses and apartments in Corrales (zip 87048), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Corrales, New Mexico	United States
	4,046.0	139,647,020.0
	34	42
	$604,000	$338,100
	16.7%	16.6%
	56.4%	57.0%
	71.2%	101.1%
	$6.84	$10.98
	$2,993	$2,690
	83.3%	57.4%
	9.2%	11.2%
	7.5%	31.4%
Vacant Housing
	1.6%	1.9%
	0.0%	0.4%
	0.2%	0.7%
	1.4%	0.4%
	0.7%	3.6%
	5.3%	4.1%
Value of Owner-Occupied Housing
	0.9%	2.6%
	0.0%	2.4%
	0.7%	2.8%
	0.0%	3.9%
	0.5%	4.5%
	0.5%	11.3%
	1.5%	13.0%
	10.7%	20.1%
	27.4%	13.6%
	20.8%	8.3%
	23.9%	9.7%
	7.4%	3.9%
	4.5%	2.2%
	0.4%	0.8%
	0.8%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	13.6%	13.6%
	13.6%	13.6%
	25.2%	13.6%
	24.2%	13.2%
	15.3%	14.8%
	25.2%	13.6%
	4.7%	10.0%
	1.9%	4.7%
	3.5%	12.2%