Market Overview
Home Prices in Corrales, NM
The median home value in Corrales, NM is $713,957 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.5% compared to a year ago and up 1.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Corrales are priced74% above average. Corrales is part of the Albuquerque, NM metro area.
Over the past five years, Corrales home values have risen by approximately30.3%, reflecting strong long-term appreciation in this market.
Price History
Corrales Home Price Trend
City Comparison
Corrales vs. National Median
At $713,957, homes in Corrales cost 74% above the national median of $410,000. Buyers in Corrales should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Corrales?
20% Down Payment
$142,791
on $713,957
Monthly P&I
$3,724/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,729/mo
incl. taxes & insurance
Income Needed
$189,160
gross annual (30% rule)
10% Down Option
$71,396
+ PMI applies
Loan Amount (20% dn)
$571,166
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Corrales, NM?
The median home value in Corrales is $713,957 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.5% year-over-year.
How much have home prices changed in Corrales?
Over the past year, home values in Corrales have increased by 2.5%. Over five years, prices have risen approximately 30.3%.
How much do I need to earn to buy a home in Corrales?
To comfortably afford the median home price of $713,957 with a 20% down payment ($142,791) at today's rates (6.8%), you'd need a gross annual income of approximately $189,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Corrales compare to the national average home price?
The national median home value is approximately $410,000. At $713,957, homes in Corrales are 74% above the national average.
What metro area is Corrales part of?
Corrales is part of the Albuquerque, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.