Sandia Park, NM 87047 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Sandia Park, NM—87047

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$520,000

2.4% YoY Growth

Household Income

$112,000

27.5% YoY Growth

Days on Market

129

2.0% Shorter YoY

Home Price Forecast

2.0%

Median Rent

$1,700

33.3% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,700

33.3% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Sandia Park, NM

As of Dec '25, the median home price in Sandia Park, NM is $520,000, with a year-over-year change of 2.4%. This indicates that home prices in Sandia Park, NM are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$520,000	2.4%
Single Family	$519,000	2.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Sandia Park, NM

As of July '25, Rentcast reports the average rent in Sandia Park, NM is $1,700, with a year-over-year rent change of -33.3%. Per bedroom, the median rent as of July '25 in Sandia Park, NM is 2-bedrooms: $1,700. The most common rental property sizes in Sandia Park, NM are 3-bedroom and 2-bedroom, accounting for 75.4% and 21.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,700	$1,700
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,700	$1,700
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

3.0%

2 Bedrooms

21.6%

3 Bedrooms

75.4%

Property Listings — Sandia Park, NM

As of Dec '25, Realtor.com reports that the median days on market for a home in Sandia Park, NM is 93. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$684,000	-2.0%
Listing Count	42	-1.0%
Listings as % of Homes	0.8%	-1.0%
Days on Market	129	-2.0%

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Demographics — Sandia Park, NM

As of the latest ACS Survey released in 2023, Sandia Park, NM has a population of 5,170, which has increased by 17.4% over the past 5 years. Sandia Park, NM is a moderately popular place for families, as children make up 18.1% of the population. The area has a highly educated workforce, with 52.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,170	17.4%
% Under 18	18.1%	2.3%
% Seniors	24.4%	-1.6%
% WFH	15.4%	65.6%
% w/ College Degree	52.9%	-8.0%

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As of the latest ACS Survey released in 2023, Sandia Park, NM is a predominantly white area, with 75.8% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Sandia Park, NM is hispanic, making up 21.7% of the population. Foreign-born residents account for 3.7% of the population in Sandia Park, NM, and this percentage has increased by 60.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	75.8%	-6.8%
% Black	0.4%	∞%
% Hispanic	21.7%	32.3%
% Asian	1.1%	∞%
% Foreign Born	3.7%	60.9%

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Mortgage and Risk — Sandia Park, NM

According to HUD data as of 2023, there were 76 mortgage originations in Sandia Park, NM, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Sandia Park, NM. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	76
% Conventional Loans	79.0%
% Government Loans	21.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Sandia Park, NM

Sandia Park, NM lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,330
2 Bedroom	-$70	$1,700	$1,630
3 Bedroom	N/A	N/A	$2,280
4 Bedroom	N/A	N/A	$2,690

Sandia Park, NM—87047

Key Metrics at a Glance

Home Price Trends — Sandia Park, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sandia Park, NM

% of Rental Stock

Property Listings — Sandia Park, NM

Demographics — Sandia Park, NM

Race and Ethnicity

Mortgage and Risk — Sandia Park, NM

Mortgages

Rentals and Section 8 — Sandia Park, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Sandia Park, NM

Home Price to Income Ratio

Sandia Park, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Cedar Crest, NM

Placitas, NM

Edgewood, NM

San Felipe Pueblo, NM

Cerrillos, NM

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.3
Median Home Price	$520,000
Median Household Income	$112,000

Sandia Park, NM—87047

Key Metrics at a Glance

Home Price Trends — Sandia Park, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sandia Park, NM

% of Rental Stock

Property Listings — Sandia Park, NM

Demographics — Sandia Park, NM

Race and Ethnicity

Mortgage and Risk — Sandia Park, NM

Mortgages

Rentals and Section 8 — Sandia Park, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Sandia Park, NM

Home Price to Income Ratio

Sandia Park, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Cedar Crest, NM

Placitas, NM

Edgewood, NM

San Felipe Pueblo, NM

Cerrillos, NM

Frequently Asked Questions

What is the average home price in Sandia Park, NM 87047?

How have home prices in Sandia Park, NM 87047 changed over the past year?

What is the home price projection for Sandia Park, NM 87047?

What are the demographics of Sandia Park, NM 87047?

How long does it take homes to sell in Sandia Park, NM 87047?

What is the average rent price in Sandia Park, NM 87047?