Rental numbers for Sandoval County, NM
The typical home here runs -$1,022 a month at 7.78% with 25% down, breaking even at about 1.7%. 0 of 2 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.6%.
- Gross yield
- 6.2%
- typical home, Zillow
- Median ZIP yield
- 6.6%
- 2 ZIPs with full data
- Cash flow
- -$1,022/mo
- at 7.78%, 25% down
- Typical price
- $374,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,926/mo
- Zillow ZORI, Aug 2026
ZIP codes in Sandoval County
12 with published figures
| 87083Cochiti Lake | $274,000 | $1,910* | 8.4% | 5.2% | -$289 | n/a |
| 87144Rio Rancho | $373,000 | $2,255 | 7.2% | 4.1% | -$737 | +4.0% |
| 87013Cuba | $240,000 | $1,430* | 7.1% | 3.9% | -$524 | n/a |
| 87044Ponderosa | $286,000 | $1,590* | 6.7% | 3.5% | -$711 | n/a |
| 87124Rio Rancho | $350,000 | $1,715 | 5.9% | 2.9% | -$1,033 | +3.4% |
| 87025Jemez Springs | $345,000 | $1,660* | 5.8% | 3.1% | -$960 | n/a |
| 87041Pena Blanca | $284,000 | $1,210* | 5.1% | 2.5% | -$948 | n/a |
| 87004Bernalillo | $344,000 | $1,370* | 4.8% | 2.1% | -$1,263 | n/a |
| 87024Jemez Pueblo | $359,000 | $1,350* | 4.5% | 1.4% | -$1,507 | n/a |
| 87043Placitas | $640,000 | $2,020* | 3.8% | 1.5% | -$2,642 | n/a |
| 87001Algodones | $387,000 | $1,200* | 3.7% | 1.1% | -$1,734 | n/a |
| 87048Corrales | $703,000 | $1,680* | 2.9% | 0.6% | -$3,421 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +0.6%
- Rent, 12 months
- +4.3%
- Rent minus price growth
- +3.7 pts
- Property tax
- 0.73%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $294,749 | $1,464 |
| Aug 2022 | $347,303 | $1,642 |
| Aug 2023 | $353,282 | $1,729 |
| Aug 2024 | $365,968 | $1,820 |
| Aug 2025 | $372,109 | $1,847 |
| Aug 2026 | $374,178 | $1,926 |
HUD Fair Market Rent
FY2027, Albuquerque, NM MSA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $977 | $1,112 | $1,384 | $1,902 | $2,242 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 14.2
- 810 units, last 12 months
- National percentile
- 82th
- among US counties
Tools
Test a listing in Sandoval County against today's rate.
Open the calculatorPart of the Albuquerque, NM metro.
Questions
- Is Sandoval County good for rental property?
- The typical home here runs -$1,022 a month at 7.78% with 25% down, breaking even at about 1.7%. 0 of 2 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.6%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Sandoval County?
- About 0.73% of value, from Census ACS median taxes paid over median home value. On a $374,000 home that is about $2,739 a year.
- What is Fair Market Rent in Sandoval County?
- HUD's FY2027 Fair Market Rent here is $1,112 for a 1-bedroom, $1,384 for a 2-bedroom and $1,902 for a 3-bedroom. Typical cash flow at today's rate is -$1,022 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.