Corrales, Albuquerque, NM
Corrales — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Corrales, Albuquerque, New Mexico. Explore the cited sources and local facts below while agent underwriting continues.
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Corrales Neighborhood Overview
Corrales is a distinct village in Sandoval County, New Mexico, with its own rural character separate from the adjacent urban centers. It offers a serene, semi-rural lifestyle while maintaining proximity to Albuquerque's amenities. The community is known for its agricultural roots, acequia-lined roads, and strict land-use policies that preserve its unique identity.
Lifestyle & Amenities
The lifestyle here revolves around its pastoral setting, with numerous horse properties, vineyards, and farm stands. Residents enjoy local attractions like the Corrales Growers' Market, art galleries, and dining at historic haciendas. The village maintains a quiet, close-knit community atmosphere with a focus on preserving its natural and historical environment.
Real Estate Market
Corrales features an upper-mid market tier with a median home value of $487,300 and a median household income of $94,479. The market is active, with 154 mortgage originations in 2023, overwhelmingly conventional loans. This indicates a stable, desirable market for single-family homes, often on larger lots.
Schools & Education
The area is served by Corrales Elementary School within the village and several other schools in nearby Rio Rancho. Nearby options include Rio Rancho Elementary, Independence High School, and several charter academies like The ASK Academy and Explore Academy. This provides families with a mix of traditional public and public charter school choices.
Transportation & Connectivity
With an EPA Walkability Index score of 8.8, Corrales is largely car-dependent, though its rural layout offers pleasant walking along certain country roads. Major access is via Corrales Road, connecting to Albuquerque and Rio Rancho within a short drive. Its location offers a peaceful retreat while keeping commutes to the metro area manageable.
Why Choose Corrales
Corrales is ideal for those seeking a peaceful, semi-rural lifestyle with strong community ties and a distinct sense of place. It appeals to buyers looking for more land, privacy, and a connection to New Mexico's agricultural heritage. The village offers a unique balance of tranquility and convenience, just minutes from Albuquerque and Rio Rancho.
Corrales Market Data
| Metric | Value |
|---|---|
| Median Home Price | $487K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $94K |
| Homeownership Rate | 89.7% |
| Renter-Occupied | 10.3% |
| Rental Vacancy Rate | 14.2% |
| Market Type | Buyer's |
| Market Tier | Upper Mid |
| Primary ZIP Code | 87048 |
| Mortgage Originations (2023 HMDA) | |
| Total Mortgage Originations | 154 |
| VA Loan Originations | 5 |
| VA Loan Share | 3.2% |
| Conventional Loan Originations | 147 |
| FHA Loan Originations | 2 |
Top Real Estate Agents in Corrales, Albuquerque
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Corrales, Albuquerque, NM. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: New Mexico Real Estate Commission (NMREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2023
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-14