Sandoval County, New Mexico Housing Market
In Sandoval County, New Mexico, the median home value is $313,800, with a median monthly rent of $1,427. This places Sandoval County at #561 nationally out of 3134 counties by median home value, and #4 within New Mexico.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,176
- Establishments: 3,232
- BLS QCEW, 2025
Housing Supply
- Single-family: 893
- Multi-family: 126
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 64,199 (avg $78,226)
- Outflow: 60,005 (avg $77,577)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 5 active ZIP codes in Sandoval County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 87004 | 265.7 | — | 2025 |
| 2 | 87083 | 227.2 | — | 2025 |
| 3 | 87144 | 243.4 | +1.36% | 2025 |
| 4 | 87043 | 222.6 | +3.36% | 2025 |
| 5 | 87025 | 207.8 | +2.54% | 2024 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Sandoval County Compares
| Metric | Sandoval County | New Mexico Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $313,800 | $192,727 | $227,706 |
| Median Gross Rent | $1,427 | $904 | $968 |
| Owner Occupancy Rate | 83.5% | 74.2% | 73.3% |
| Price/Rent Ratio | 18.3 | 17.7 | 18.7 |
Market Analysis
The median home value in Sandoval County is 62.8% above the New Mexico state average and 37.8% above the U.S. national average. The median rent of $1,427/month is 57.9% above the state average.
With a price-to-rent ratio of 18.3, the buy-vs-rent decision in Sandoval County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Sandoval County has an owner-occupancy rate of 83.5%, compared to 74.2% in New Mexico and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Henry County | Georgia | $313,900 | $1,674 |
| Gilmer County | Georgia | $314,000 | $998 |
| Grays Harbor County | Washington | $314,000 | $1,062 |
| Sarpy County | Nebraska | $314,100 | $1,334 |
| Fluvanna County | Virginia | $314,100 | $1,204 |
Other Counties in New Mexico
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Bernalillo County | $292,900 | $1,144 | 64.5% |
| Taos County | $382,800 | $1,034 | 77.6% |
| Rio Arriba County | $243,700 | $740 | 80.0% |
| Lincoln County | $233,200 | $956 | 76.8% |
| Valencia County | $223,000 | $1,015 | 83.2% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).