Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$373,280+0.6% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 25% have cut their price
Income needed to buy, per year$80,919About 0.9× the local median income ($90,023): affordable for a typical household
Days on market72 daysAbout the same pace as a year ago
Next 12 months+2.4%Zillow expects prices to rise slightly
The typical home in Sandoval County, NM is worth $373,280, up 0.6% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $355,090, so the area is 5.1% overvalued. It is a balanced market, leaning toward buyers: homes take about 72 days to sell, listings are up 9% from a year ago, 25% of listings have had a price cut. Zillow expects prices to rise about 2.4% over the next year. A household needs about $80,919 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $90,023. Typical rent is $1,879 a month, or $2,750 for a house. In the latest IRS figures, 1,669 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$373,280
Change in 1 year
+0.6%
Overvalued %
+5.1%
Show 7 more
Fair home value
$355,090
Change in 5 years
+26.0%
Zillow forecast, next 12 months
+2.4%
Home value to income
4.1×
Monthly mortgage payment (20% down)
$2,023
Income needed to afford it
$80,919
Property tax rate
0.73%
Rent and investing
Typical rent
$1,879
Typical rent for houses
$2,750
Price-to-rent ratio
16.6×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,384
Gross rental yield
6.04%
Cap rate (estimate)
3.93%
Market activity
Listings vs a year ago
+9.0%
Days on market
72
Listings with a price cut
25.0%
Show 3 more
Homes for sale
654
Pending sales per 100 listings
35
Asking price per sq ft
$223
People and jobs
Median household income
$90,023
Population change (1 year)
+1.2%
Unemployment rate
5.2%
Show 4 more
Population
159,565
Income adjusted for cost of living
$94,265
Net moves in (IRS)
+1,669
Cost of living (US = 100)
95.5
Schools, risk and environment
School rating (1 to 10)
7.4
FEMA hazard risk score (0 to 100)
77.0
Unhealthy air days a year
0
Show 4 more
Flood risk score
84.3
Wildfire risk score
93.6
Walkability (1 to 20)
8.1
Road, rail and air noise
54 dB
Questions people ask
Is Sandoval County, NM overvalued?
Home prices in Sandoval County, NM are slightly above what local incomes have historically supported: fair value is about $355,090, so the area is 5.1% overvalued.
Is Sandoval County, NM a buyer's or seller's market?
Sandoval County, NM is a balanced market, leaning toward buyers: homes take about 72 days to sell, listings are up 9% from a year ago, 25% of listings have had a price cut.
Are home prices going down in Sandoval County, NM?
Home values in Sandoval County, NM are up 0.6% over the last year. Zillow's forecast for the next 12 months is +2.4%.
How much do you need to earn to buy a home in Sandoval County, NM?
A household needs about $80,919 a year to afford the typical home in Sandoval County, NM at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $90,023.