Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 54.7 yrs |
|---|---|
| Avg HH Size | 2.48 |
| Below Poverty | 7.9% ▼ 21% below avg |
| College Grads | 59.7% ▲ 54% above avg |
| Unemployment | 6.6% ▲ 34% above avg |
| No HS Diploma | 57 (0.8%) |
| HS Graduate | 1,226 (17.9%) |
| Some College | 471 (6.9%) |
| Associates | 1,011 (14.7%) |
| Bachelors | 641 (9.3%) |
| Graduate Degree | 3,453 (50.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $112,716 ▲ 48% above avg |
|---|---|
| Median Home Value | $552,000 ▲ 98% above avg |
| Home/Income Ratio | 4.9x (nat avg ~3.5x) |
| Median Rent | $1,184/mo |
| Total Housing Units | 4,079 |
| Vacant Units | 394 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Corrales is a city in New Mexico, located in Sandoval County. The city spans 1 ZIP code and is home to approximately 9,173 residents. It is a mature city, with a median age of 54.7 years.
Economically, Corrales is a upper-middle-income community. The median household income of $112,716 is above the national average. Approximately 7.9% of residents live below the poverty line. The unemployment rate is 6.6%, above the national average.
The real estate market in Corrales is a premium housing market. Median home values stand at $552,000, which is significantly above the national average. Renters typically pay around $1,184 per month. Homeownership is high at 91.6%, typical of suburban and family-oriented communities.
The population of Corrales is well-educated. 59.7% of adults hold a bachelor's degree or higher — significantly above the national average. The community is majority White (62.88%).
Corrales, NM offers residents above-average earning potential within New Mexico.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 87048 | 9,173 | $112,716 | $552,000 | $1,184 | 6.6% | 59.7% | 91.6% |