Corrales, NM Real Estate

According to census data in the year 2000 there were 3,061 housing units in Corrales. This represents a 39.4% growth from 2,196 in 1990.

Of those housing units, 3,061 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Corrales is about 88.5%. Corrales's vacancy rate, including seasonal lodging, is about 5.4%. Average household size is 2.56 people.

The majority of houses, apartments or condos in Corrales were built after 1986.


Housing Size

Housing Units by Size
Studio Type1.10%
One Bedroom5.30%
Two Bedrooms18.40%
Three Bedrooms52.80%
Four Bedrooms19%
Five Bedrooms or more3.40%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.6
Median year structure was built1987
Median Value of occupied units$267,000
Median Price asked for vacant units$215,900

Rented Homes, Apartments and Condos

Average Household Size2.3
Median year structure was built1977
Median Monthly Rent asked for vacant units$550

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.20%
Home Equity Loan13.20%
Simple Mortgage52.40%
Debt Free27.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.2%