Housing in Corrales, NM

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Zillow — January 2026

Zillow Home Value Index

$684,463

Corrales vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Corrales is highlighted.

Median Home Value

91st%ilemost expensive$549,700show rank

Median Rent

69th%ilemost expensive rent$1,184show rank

Rent Burden

10th%ilehighest rent burden12.4%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$549,700

Median Rent

$1,184

Total Housing Units

3,924

Vacancy Rate

9.7%

Owner Occupied

91.3%

Renter Occupied

8.8%

Median Property Tax

$3,575

per year

Monthly Cost (w/ Mortgage)

$1,494

Housing Types

Single Family

95.9%

Multi-Family

0.3%

Mobile Home

3.8%

The median home value in Corrales, NM is $549,700. According to Zillow, the home value index for Corrales is $684,463. The median rent is $1,184 per month (Census ACS). About 91.3% of housing units are owner-occupied. The median year homes were built is 1986. There are 3,924 total housing units.