Corrales NM Houses For Sale – Real Estate

Corrales New Mexico boasts a population that is heavily skewed towards married couples and families with children. As such, the majority of people who may benefit a great deal in purchasing Corrales homes for sale are usually in their thirties to forties, with the second most predominant age group being senior citizens. And due to its rural nature, there is a much greater sense of community in Corrales than there is in either Albuquerque or Rio Rancho.

As of 2014, the population of Corrales New Mexico is 8,340 with 792 people per square mile (population density). The median age is 52.9.  64.93% of people are married. 9.98% are divorced.  The average household size is 2.52 people.  The great sense of community has been a notable reason why most Corrales homes for sale are extremely popular for people looking to settle down and raise a family or simply moving out into the countryside for retirement.

Corrales NM gets around 10 inches of rain per year and around 8 inches of snow. The number of days with any measurable precipitation is 51.  On average, there are 281 sunny days per year with e July highs around 91 degrees and January lows around 20.

Because of its tight knit community and rustic nature, Corrales offers its residents a much more relaxed atmosphere than Albuquerque. In fact, a number of Albuquerque residents have begun looking for an available Corrales real estate for sale in the hopes of finding temporary relief from the stress and demands of the city.

There is a wide gap in price range for different kinds of Corrales real estate available and on average, you will find that the closer the property is to the Rio Grande River, the more expensive it will become; though exceptions may be found. Additionally, a number of custom homes are being constructed on one acre plots in response to the increased development in the Northwest quadrant of Albuquerque.

Because of its tight knit community and rustic nature, Corrales offers its residents a much more relaxed atmosphere than Albuquerque. In fact, a number of Albuquerque residents have begun looking for an available Corrales real estate for sale in the hopes of finding temporary relief from the stress and demands of the city.

There is a wide gap in price range for different kinds of Corrales real estate available and on average, you will find that the closer the property is to the Rio Grande River, the more expensive it will become; though exceptions may be found. Additionally, a number of custom homes are being constructed on one acre plots in response to the increased development in the Northwest quadrant of Albuquerque. Because of the custom homes, the number of available Corrales real estate for sale is increasing.

These properties offer prospective homeowners with both the relaxed rural nature of Corrales and an easy commute into the city of Albuquerque. The median home value in Corrales is $421,800. Home appreciation is 0.80% over the last year. The median age of Corrales real estate is 26 years. Renters make up 6.63% of the population and 6.52% of houses and apartments are unoccupied (vacancy rate).

The nearest major airport is Albuquerque International Sunport (ABQ / KABQ), offering domestic flights from Albuquerque, and is 20 miles from the center of the village. Another major airport is Santa Fe Municipal Airport (SAF / KSAF), which has domestic flights from Santa Fe, and is 48 miles from Corrales. The average one-way commute in Corrales takes 28 minutes. 74% of commuters drive their own car alone., 7% carpool with others, 1% take mass transit and 13% work from home.

Average Home Price Corrales NM

This graph shows the average home price in Corrales NM for the past 10 years.  Each point on the graph is the average home sales price over the past 12 months.