New Mexico · Census place 17960
Corrales village, NM
Quick answer
Corrales village has 8,557 residents, ranking #28 of 527 places in New Mexico. Median household income is $114,207, the median home is worth $549,700 and median gross rent runs $1,184 a month.
- Population
- 8,557Corrales village residents
- Median household income
- $114,207Past 12 months, inflation adjusted
- Median home value
- $549,700Owner-occupied units
- Median gross rent
- $1,184Rent plus utilities, monthly
- Median age
- 55.8 yrsAll residents
- Homeownership rate
- 91.3%Owner-occupied households
What the numbers mean in Corrales village
Housing cost measured against local earnings.
A household earning the Corrales village median would spend about 12.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 4.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6.9% of residents and 91.3% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in New Mexico.
- Grants city 9,106
- Bernalillo town 9,068
- Anthony city 8,701
- Socorro city 8,540
- Shiprock CDP 8,339
- Ruidoso village 7,701
- Belen city 7,427
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