NM landlord resources
Corrales rental market
Rental-market planning in Corrales, New Mexico, with state-law references and operating examples.
Dataset review pending. These supplied references have not been independently verified. Educational information only, not legal, tax or financial advice.
The local rental snapshot
Supplied Zillow Observed Rent Index, 2026-09-30. ZORI describes typical asking rent in its sample, not the rent or income of your property.
- Typical monthly rent
- $2,450
- Metro
- Albuquerque, NM
- County in dataset
- Sandoval County
The comparison figure is $1,535. It is the median of the supplied city ZORI figures within New Mexico, not a statewide household-rent statistic. This location is 59.6% above that comparison.
Operating examples at this rent
- Annual gross, 12 paid months
- $29,400
- One vacant week, annualized
- $565
- Example 3× income threshold
- $7,350
These are calculations, not forecasts or client results. Gross rent excludes vacancy, repairs, taxes, insurance, financing and management. The income threshold is an illustrative policy, not a legal requirement or recommendation. Review local screening restrictions and fair housing obligations before using it.
Deposit limits and notice periods below come from the New Mexico dataset, not independent Corrales ordinances. A rental in this market may be subject to additional municipal rules or exceptions. Confirm the exact address and applicable jurisdiction with the relevant office.
New Mexico: Security deposits
N.M. Stat. 47-8-18(A)(2): for agreements under one year, deposit may not exceed one month's rent. For one year or more there is no dollar cap, but a deposit over one month's rent requires annual passbook-rate interest (47-8-18(A)(1)). Itemized statement/balance due within 30 days (47-8-18(C)-(D)).
For annual agreements where the deposit exceeds one month's rent, the owner must pay annual passbook-rate interest (N.M. Stat. 47-8-18(A)(1)).
The uploaded dataset lists a deposit-return period of 30 days. Review the cited rule for the applicable conditions and timing.
New Mexico: Notices and tenancy endings
3-day written notice for nonpayment before termination and an action for restitution; tenant may cure within 3 days (N.M. Stat. 47-8-33(D)).
7-day notice to cure a material lease violation (47-8-33(A)). To terminate a periodic tenancy (47-8-37): 30 days month-to-month, 7 days week-to-week.
Court listed in the supplied dataset: Magistrate Court (Metropolitan Court in Bernalillo County).
New Mexico: Rent regulation
N.M. Stat. 47-8A-1: political subdivisions and home-rule municipalities may not control rental rates on private property (government/subsidized exceptions).
New Mexico: Licensing and registration
No statewide landlord/rental-license requirement identified.
New Mexico: Lease disclosures and receipts
Lead paint (federal)
Sources supplied for New Mexico
Dates below are verification dates claimed in the uploaded dataset, not a new review by Calvin's team.
- N.M. Stat. § 47-8-18 (security deposit)
Dataset verification date: 2026-11-06
- N.M. Stat. § 47-8-33 (termination; 3-day nonpayment, 7-day violation)
Dataset verification date: 2026-11-06
- N.M. Stat. § 47-8A-1 (rent-control prohibition)
Dataset verification date: 2026-11-06
- Zillow research data, supplied observation 2026-09-30
Offices listed in the dataset
- New Mexico Department of Justice (Attorney General)Attorney General
- Housing New Mexico (Mortgage Finance Authority)Housing Agency