The story of this market
The typical home in ZIP 87047 sells for about $609,819, or $244 per square foot.
Prices are up +25.7% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,246 a month.
ZIP 87047 — Sandia Park
The housing market in 87047 shows strong price appreciation, driven by demand for larger, rural-suburban properties. While inventory remains tight, the market is characterized by steady, moderate sales activity. Some figures, such as specific active inventory counts, are based on current portal listings as official monthly reports for this specific ZIP are not published.
This ZIP is ideal for families and those seeking a quieter, rural-suburban lifestyle with larger lot sizes while maintaining access to Albuquerque's employment core.
Median prices moved up 25.7% year over year.
Homes spend a median of 42 days on market with 3.2 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 8.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 12.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 87047, Valencia County NM
Peralta generally experiences lower crime rates compared to the more urbanized areas of the Albuquerque metro, with property crime being the primary concern.
Schools serving the area are part of the Los Lunas Schools district, which provides a range of educational services for the rural-suburban community.
The area is subject to standard regional risks including high wind events and potential for flash flooding in low-lying areas near the Rio Grande.
Economic momentum is driven by its status as a bedroom community for Albuquerque, with limited local commercial development and a focus on residential expansion.
Property taxes are assessed by Valencia County based on the state's valuation formula, with specific millage rates applied for local school and municipal services.
Residents primarily commute via I-25 north toward Albuquerque, with typical drive times ranging from 30 to 45 minutes depending on traffic.
The area offers access to rural outdoor activities, including proximity to the Rio Grande Bosque trails and local community parks.
The rental market is limited in depth, consisting primarily of single-family homes with low vacancy pressure and stable rent growth.
The local economy is largely supported by the Albuquerque metro labor market, with residents employed in government, healthcare, and education sectors.
Transportation is heavily reliant on private vehicles, with I-25 serving as the primary artery for regional connectivity.
Development is focused on low-density residential growth, with strict zoning to maintain the rural character of the community.
Valencia County Assessor manages property valuations, typically reassessing based on market sales data and state mandates.
Parcels are subject to Los Lunas Schools district taxes and various local utility and flood control assessments.
Property insurance premiums are influenced by regional wildfire and wind risk factors common to the high desert environment.
New Mexico is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a comprehensive disclosure statement regarding the condition of the property.
Data retrieved from data.census.gov ZCTA 87047 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Urban Air Trampoline and Adventure Park417.5 mi
- Cliff's Amusement Park4.315.7 mi
- Hinkle Fun Center4.412.7 mi
- Round1 Bowling & Arcade - Albuquerque4.216 mi
- Dave & Buster's Albuquerque4.115.6 mi
- Sandia Resort & Casino4.213.8 mi
- Topgolf Albuquerque4.417.3 mi
- RGCU Field at Isotopes Park4.719.9 mi
- Sadie's of New Mexico4.318.3 mi
- Revel4.417.4 mi
- Sandia Peak Tramway4.78.9 mi
- Elena Gallegos Open Space4.89.2 mi
- Sandia Peak Ski Area4.45.1 mi
- Flix Brewhouse Albuquerque Tramway4.212.7 mi
- Embudo Hills Park4.512.5 mi
- National Museum of Nuclear Science & History4.815.5 mi
- Anderson Abruzzo Albuquerque International Balloon Museum4.715.6 mi
- Tinkertown Museum4.83.8 mi
- Sandia Cave Trailhead4.65.6 mi
- Maxwell Museum of Anthropology4.719.1 mi
- Sandia Peak Tramway4.78.9 mi
- Elena Gallegos Open Space4.89.2 mi
- Embudo Hills Park4.512.5 mi
- La Luz Trailhead4.89 mi
- Embudito Trailhead4.810.3 mi
- Paako Ridge Golf Club4.60.3 mi
- Tanoan Country Club4.311.7 mi
- Sprouts Farmers Market4.412.1 mi
- Ross Dress for Less4.112.9 mi
- Smith's4.111.2 mi
- Smith's412.4 mi
- Lantern Ridge Farm Market And Nursery4.63.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides extensive trails and wildlife viewing opportunities along the river.
Local recreational space for community events and outdoor activities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.