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The median home value in Corrales, NM is $705,668 as of 2026-07-31, up 2.28% from a year earlier.
Median Home Value
$705,668
Year-over-Year
+2.28%
Population
8,653
Corrales ranks #1 of 27 New Mexico cities tracked here by median home value, and sits 177.5% above the state's city median of $254,309. It sits in Sandoval County, where the county-wide median is $377,236.
Median household income in Corrales is $102,307, so the typical home value is about 6.9× annual household income. This is a simple price-to-income benchmark rather than a monthly payment estimate; it does not account for mortgage rates, down payments, taxes or insurance.
Household income comes from the U.S. Census Bureau's ACS 5-Year Estimates, table B19013 (how the affordability measure works).
Corrales police recorded a violent crime rate of 231 per 100,000 residents in 2024 — around the middle of the range for reporting cities. Property crime runs at 393 per 100,000.
Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).
People often call this an average home price, but the figure shown here is Zillow's typical home value (ZHVI), not a simple arithmetic average. In Corrales, that value is $705,668. That's up 2.28% from a year earlier. It is about 177.5% above the typical New Mexico city tracked here.
Homes in Corrales are more expensive than Sandoval County as a whole, where the median is $377,236 — a difference of about 87.1%.
Median household income here is $102,307, so the typical home value is about 6.9× annual household income. This ratio is a broad comparison measure, not a mortgage-payment estimate.
Corrales police reported 231 violent crimes per 100,000 residents, covering a population of about 8,653. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.
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