The story of this market
The typical home in ZIP 87041 sells for about $355,000, or $215 per square foot.
Prices are up +1.2% 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 $1,450 a month.
ZIP 87041 — Pena Blanca
The housing market in 87041 remains stable with modest price appreciation and low inventory levels. Demand is driven by buyers seeking a balance between rural living and access to the Albuquerque metro area. Figures for specific metrics like active listings and sales counts are based on current local market tracking.
This ZIP is ideal for families and those seeking a quieter, semi-rural lifestyle who still require reasonable access to the employment and retail amenities of the Albuquerque metro area.
Median prices moved up 1.2% 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 4.8% · poverty 5.2% — 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 7.5%/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 7.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 87041, Valencia County NM
Peralta generally experiences lower crime rates compared to the larger Albuquerque metropolitan area, with property crime being the primary concern for residents.
Schools serving the area are part of the Los Lunas Public Schools district, which provides standard public education services for the community.
The area is subject to standard regional risks including high winds and potential for flash flooding during monsoon season; wildfire risk is generally low in the immediate residential zones.
Development is characterized by steady, low-density residential growth with proximity to the expanding employment corridors of Los Lunas and Albuquerque.
Property taxes are assessed by Valencia County based on the state's millage rate structure, with exemptions available for head-of-household and veterans as per New Mexico law.
Commuters primarily utilize NM-47 to access employment hubs in Los Lunas or connect to I-25 for travel into the Albuquerque metropolitan core.
The area offers access to the Rio Grande Bosque for hiking and birdwatching, with local parks and proximity to golf courses in neighboring Los Lunas.
The rental market is primarily composed of single-family homes with limited multi-family inventory, resulting in low vacancy pressure and stable rent growth.
The local economy is supported by a mix of agricultural roots, small businesses, and a workforce that largely commutes to major employers in the Albuquerque and Los Lunas areas.
Transportation is heavily reliant on private vehicles, with NM-47 serving as the primary arterial road connecting the community to regional transit corridors.
Development is focused on maintaining the semi-rural character of the area while accommodating modest residential expansion.
The Valencia County Assessor manages property valuations, utilizing a mass appraisal system to determine annual tax liabilities.
Parcels are subject to Los Lunas Public Schools district taxes and various local utility and flood control district assessments.
Property insurance premiums are influenced by regional wildfire and wind risk factors, with standard coverage widely available.
New Mexico has seen modest net domestic migration, with areas like Peralta attracting residents seeking lower costs of living compared to larger urban centers.
New Mexico is a judicial foreclosure state, requiring court intervention for the foreclosure process, which typically extends the timeline for lenders.
Sellers are required to provide a comprehensive property disclosure statement detailing known material defects to potential buyers.
Data retrieved from ZCTA-level census tables and local municipal reports.
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.
- Kasha-Katuwe Tent Rocks National Monument4.76.7 mi
- Black Mesa Casino3.912.2 mi
- El Rancho de las Golondrinas4.712.5 mi
- La Cieneguilla Petroglyphs4.611.9 mi
- Meow Wolf Santa Fe's House of Eternal Return4.719.6 mi
- Bandelier National Monument Visitor Center4.814.1 mi
- El Rancho de las Golondrinas4.712.5 mi
- Santa Fe Reptile & Bug Museum4.817.1 mi
- Casa Grande Trading Post4.215.3 mi
- Kasha-Katuwe Tent Rocks National Monument4.76.7 mi
- La Cieneguilla Petroglyphs4.611.9 mi
- HIPICO Santa Fe4.512.8 mi
- Tetilla Peak Recreation Area4.34.7 mi
- Cochiti Golf Club4.16 mi
- Santa Fe Regional Airport (SAF)3.714.3 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 for hiking and wildlife viewing along the river.
Local community space for outdoor recreation and gatherings.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.