Corrales, NM

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Corrales short-term rental market based on reliable data.

Listings

35 / 74

Reliable / Active

Cap Rate

4%

Middle-Earners Gross Yield

Revenue

$27,740

Middle-Earners Revenue

Occupancy

66%

Middle-Earners Occupancy

Home Value

$703,332

Median Home Sale Price

Top Earners

$53,385

Top-Earners Revenue

Corrales

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Corrales.

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C

Challenging to Investors

Corrales Regulations

STRs are explicitly allowed but require permits, inspections, tax IDs and a public hearing that typically take 2–3 months. Strict limits (max six rooms, two guests per bedroom), septic-capacity checks, and on‑site parking add burden, while active enforcement and community scrutiny increase investor risk.

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About Corrales

Corrales is a small, characterful village of roughly 8,500 residents tucked into Sandoval County in north-central New Mexico, just outside the Albuquerque metropolitan area. Known for its quiet, semi-rural feel and its long agricultural history along the Rio Grande, it has retained a sense of place that distinguishes it from its larger neighbors. Corrales is celebrated for its horse properties, vineyards, fruit orchards, and the deep-rooted adobe traditions of the upper Rio Grande Valley, and it serves as a tranquil gateway for travelers who want to experience New Mexico's landscape and culture while staying just minutes from the amenities of a major city. From the village center, downtown Albuquerque is only about 20 minutes to the south, and historic Santa Fe lies roughly an hour to the northeast.

In the heart of the village stands the Old San Ysidro Church, one of the most photographed adobe churches in New Mexico. Built in the Spanish colonial tradition and continuously maintained by the community for more than a century, the church and its surrounding plaza remain the cultural and visual anchor of Corrales, drawing visitors who appreciate the handmade adobe walls, the shaded cottonwood trees, and the quiet pace of the surrounding streets. Just steps from the church, the historic Casa San Ysidro, a thick-walled adobe residence furnished with period pieces, offers a window into 19th-century village life and is generally open to the public as a small heritage site.

A short walk or drive from the village center brings visitors into the Rio Grande Bosque, the ribbon of cottonwood forest and riverside trail that flanks the river through Corrales and beyond. Maintained as a public recreation corridor, the bosque draws cyclists, joggers, horseback riders, and birders year-round, with shaded paths and easy access from many points in the village. To the west, Petroglyph National Monument lies only about 30 minutes from Corrales, offering miles of trails across a basalt escarpment where thousands of ancient rock carvings are etched into the stones by past peoples of the region.

Just east of the village rises the wall of the Sandia Mountains, a roughly 10,000-foot crest that defines the region's skyline and offers hiking, tram rides, and skiing depending on the season. From the village, Albuquerque's Old Town, the Indian Pueblo Cultural Center, and the museums of downtown are all within a 25-minute drive, while a day trip north brings travelers to the galleries, restaurants, and historic Plaza of Santa Fe.

Corrales is a compelling base for short-term rentals because it pairs genuine small-village character with extraordinary regional access. Guests can spend mornings walking the bosque or browsing a local winery, afternoons exploring Albuquerque or the petroglyphs, and evenings returning to a quieter, more pastoral setting than any downtown hotel can offer, all within easy reach of the state's two largest cultural destinations.

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