Corrales, New Mexico Short-Term Rental Market
Corrales, NM STRs averaged $141/night at 65.6% occupancy in April 2026, with one of the most consistent year-round demand profiles in the dataset.
Quick Answer: Corrales, New Mexico is an active short-term rental market. average occupancy in the Albuquerque market area is 70%. average monthly revenue in the Albuquerque market area is $2,776. average daily rate in the Albuquerque market area is $144. the top operator in the Albuquerque market area is Evolve with 77 listings. market score is 86/100 (grade A).
Market data reflects the Albuquerque regional market, which includes Corrales. Regulations, taxes, and permit details below are specific to Corrales.
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
Corrales is a small rural village on the Rio Grande between Albuquerque and Rio Rancho, with a permanent population of 8,489. It functions as an artist, agricultural, and equestrian community that draws primarily regional visitors from the greater Albuquerque metro. The STR inventory stands at approximately 3,753 active listings across a market notable for its year-round consistency rather than seasonal peaks.
As of April 2026, the market posted an average daily rate of $141 and an occupancy rate of 65.6%, producing a RevPAR of $92. Year-over-year, occupancy declined 4.0% and revenue declined 1.5%, while ADR was nearly flat at +0.9%. These are modest movements in a market that has remained stable: the 2024 and 2025 annual average revenues were $2,509 and $2,522 per month, respectively.
The market’s seasonality score of 94.2 out of 100 is the defining characteristic. This score indicates extremely low seasonality, meaning demand stays consistent throughout the year. Occupancy ranged from a low of 55.6% in January to a high of 73.0% in June across the historical average, a narrow 17-point swing compared to most STR markets.
The listing mix includes entire-place accommodations (3,277 listings, 87% of inventory), private rooms (473 listings), and 3 shared rooms. By bedroom count, 1BR units lead at 1,499, followed by 3BR (979), 2BR (799), 4BR (368), and 5BR (102). Channel distribution shows 2,335 listings on Airbnb only, 1,280 on both Airbnb and VRBO, and 138 on VRBO only, indicating a heavily Airbnb-concentrated market.
Seasonal Patterns
| Month | Occupancy |
|---|---|
| Jan | 56% |
| Feb | 66% |
| Mar | 72% |
| Apr | 67% |
| May | 69% |
| Jun | 73% |
| Jul | 72% |
| Aug | 68% |
| Sep | 67% |
| Oct | 63% |
| Nov | 59% |
| Dec | 62% |
Month-by-month nightly rates and revenue figures for Corrales are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Top Short-Term Rental Operators in Albuquerque market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Albuquerque market as a whole, which includes Corrales, so these counts are not Corrales-only figures.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Evolve | 77 | 1,797 | ★ 4.49 |
| 2 | 505RivRents | 50 | 9,940 | ★ 4.85 |
| 3 | PiruManors | 35 | 1,237 | ★ 4.41 |
| 4 | The Dunn Dwellings | 34 | 900 | ★ 4.89 |
| 5 | Irvie Homes Vacation Rentals | 33 | 1,768 | ★ 4.80 |
What Kind of STR Should I Buy in Corrales?
Revenue and nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Corrales are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 62.2% |
| vrbo | 3.7% |
| both | 34.1% |
Home Value Trends (Corrales)
Typical home values, median sale prices, and the 10-year price trend for Corrales are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Insights
Booking-window and length-of-stay analysis for Corrales — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Short-Term Rental Regulations
Corrales regulates short-term rentals under Ordinance 19-006, adopted December 10, 2019, and amended in 2020 (Ordinance 20-005). Operating an STR in the A-1, A-2, or Historic residential zones requires a Short-Term Residential Permit issued by the Village Planning and Zoning Department.
Each application must go before the Planning and Zoning Commission (meets the third Wednesday of each month) at a noticed public hearing, scheduled within 60 days of a complete application. Required submittals include the application and fee, an aerial map, floor plan, a valid septic permit, owner contact information, and a New Mexico CRS (gross receipts) tax ID. The exact permit fee and renewal cadence are not published in the available code.
Permits are issued to the property owner and are non-assignable. An operator who is not the owner must have written owner permission. Operational limits include: no more than six guest rooms, no more than two occupants per bedroom (children 12 and under are not counted), and at least one off-street parking space per bedroom. There is no owner-occupancy or primary-residence requirement, and no annual night cap.
Lodging is subject to the Village lodgers’ (occupancy) tax at 5%, reported monthly to the Village Clerk by the 25th, plus New Mexico Gross Receipts Tax. Violations carry fines of approximately $250 to $500 per day, with each day a separate offense. Permits may be revoked for violations. Enforcement severity is rated moderate.
Market Comparison
The U.S. STR market broadly averages around 55% occupancy and roughly $220 in ADR. Corrales’s April 2026 occupancy of 65.6% runs notably above the national median, and this is in a spring month that is average-to-soft for this market. The $141 ADR is below the U.S. median, reflecting the lower price point of the Albuquerque-area market relative to coastal or mountain destination markets.
The total market score of 86.1 out of 100 is high, driven primarily by the seasonality score of 94.2 (near-maximum consistency), a rental demand score of 82.3, and investability of 73.9. These scores collectively describe a market where demand is reliable, entry-level ADR is modest, and occupancy offsets the rate differential.
Within the local operator landscape, Evolve leads with 77 listings. 505RivRents (50 listings, 9,940 reviews, 4.85 rating) stands out for its review volume, indicating a high-turnover operation with deep market experience. The Dunn Dwellings (34 listings, 4.89 rating) and Irvie Homes (33 listings, 4.80 rating) are top-rated local specialists. PiruManors (35 listings) rounds out the top five. The top 5 operators collectively manage 229 listings, approximately 6.1% of total inventory.
Frequently Asked Questions About Corrales, New Mexico
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