There are currently 3,391 real estate properties in Corrales, NM, with a median automated valuation model (AVM) price of $660,250.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Corrales, NM, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Corrales, NM, is $689,061.00, with the most expensive house in Corrales, NM, topping out at $3,753,547.00 and the cheapest home in Corrales, NM, clocking in at $32,412.00. In other words, there’s something for every potential homebuyer or savvy investor in Corrales, NM!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Corrales, NM, is on a rollercoaster ride. The average rent price in Corrales, NM, is $1,887.00. Indeed, when looking to rent in Corrales, NM, you can expect to pay as little as $500.00 or as much as $5,180.00, with the average rent median estimated to be $1,840.00. The good news is that finding an affordable and desirable property to rent in Corrales, NM -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Corrales is located in Sandoval, New Mexico, with an estimated municipal population of 8,696 residents. All of the best foreclosed homes for sale in Corrales are located in the following zip code areas on Foreclosure.com: 87048 87101 87103. The estimated population per square kilometer (.62 miles) in Corrales is 311.
So, about how much do homes cost in Corrales? The most recent median value of resident-owned homes in Corrales is 445,228. An estimated 91.2 percent of households in Corrales own their homes, with an average family size of 2.79. The median household income in Corrales is 85,580, with42.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Corrales, the median commute time of resident workers (in minutes) is 26.2. And last, but certainly not least, are you looking for homes to rent in Corrales? If so, the average rent price paid by renters in Corrales is 1,094, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Corrales, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Corrales is 55, split between 52.6 percent male versus 47.4 female. The percentage of residents who report being married in Corrales is 62, with an average family size of 2.79.
The percentage of residents who report their race in Corrales is as follows:
| White | 88.2% |
| Black / African American | 1.5% |
| Asian | 1.7% |
| American Indian / Alaskan Native | 1.7% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 3.3% |
| Other | 3.6% |
Looking for family-friendly neighborhoods in and/or near Corrales? Or maybe you are searching for 55+ active adult communities in and/or near Corrales?
The percentage of residents who report their age in Corrales is as follows:
| Under 10 | 5.7% |
| Aged 10-19 | 11.5% |
| 20s | 5.4% |
| 30s | 6.5% |
| 40s | 10.7% |
| 50s | 21.8% |
| 60s | 18.5% |
| 70s | 15.2% |
| 80+ | 4.6% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Corrales with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Corrales.
How do you know that living in -- or moving to -- Corrales is right where you need to be? Perhaps you grew up in Corrales or already live nearby; therefore, the decision to buy a home in Corrales is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Corrales for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Corrales:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Corrales.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Corrales can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Corrales, meanwhile, can field multiple offers from more qualified buyers.
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