HomeNew MexicoSandoval County
Sandoval County, New Mexico: commercial real estate data.
Sandoval County, New Mexico has a population of 153,604 across 3,711 square miles, up 6.0 percent since the 2020 census base. County output reached $6.13 bn in 2024, 1,928 establishments operate here, and the SBA record carries 83 7(a) approvals worth $46.6 m.
121 sourced county values · tier FULL · 11 sections
Sandoval County
How many people live in Sandoval County
- Population153,604
- Households56,895
- Average household size2.70
- Median household income$86,636
- Median age41.3
- Median gross rent$1,427 per month
- Median owner-occupied home value$313,800
- Home value to household income3.6 times
- Annual rent as a share of median income19.8 percent
- Adults 25 and over with a bachelor degree or higher33.8 percent
- Adults 25 and over with a graduate degree13.5 percent
- Adults 25 and over108,375
- Population under 1833,391
- Share under 1821.7 percent
- Population 65 and over30,805
- Share 65 and over20.1 percent
- Working age population, 18 to 6489,408
- Civilian labor force73,290
- Unemployment rate5.2 percent
- Labor force participation, adults 18 and over61.0 percent
- Rank by population among New Mexico counties4th of 33
- Rank by population among US county-equivalents451st
Sandoval County is the 4th largest of 33 New Mexico counties by population. A median home costs 3.6 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 21.7 percent against 20.1 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Sandoval County
Is Sandoval County growing
- Population change since the 2020 census base5.99 percent
- Census 2020 base population148,839
- Births, 20241,301
- Deaths, 20241,468
- Natural change, 2024-167
- Net domestic migration, 20241,553
- Net international migration, 2024435
- Total net migration, 20241,988
- Cumulative net domestic migration, 2021 to 20248,227
- Rank by growth among US county-equivalents409th
The county has grown 5.99 percent since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Sandoval County
Where people moving to Sandoval County come from
- Tax returns filed by households arriving5,501
- People arriving, from those returns10,167
- Adjusted gross income arriving$410.5 m
- Net adjusted gross income movement$0
- Average income of an arriving household$74,628
- Largest single originSandoval County Non-migrants (57,240 households)
- Largest single destination (57,240 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Sandoval County Non-migrants | 57,240 | 114,636 | $4.49 bn |
| Bernalillo County | 2,396 | 4,304 | $156.6 m |
| Other flows - Different State | 1,458 | 2,743 | $130.2 m |
| Other flows - West | 589 | 1,072 | $55.6 m |
| Other flows - South | 509 | 989 | $43.1 m |
| Santa Fe County | 359 | 639 | $22.4 m |
| Other flows - Midwest | 217 | 427 | $19.2 m |
| Other flows - Northeast | 143 | 255 | $12.3 m |
The largest single source of arrivals is Sandoval County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Sandoval County
What the Sandoval County economy runs on
- County GDP, 2024$6.13 bn
- County GDP, 2023$5.38 bn
- GDP change, 2023 to 202413.9 percent
- GDP change over five years54.5 percent
- Rank by GDP among New Mexico counties7th
- Rank by GDP among US county-equivalents640th
- GDP per resident$39,902
Output grew 13.9 percent in the latest year and 54.5 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Sandoval County
Who employs people in Sandoval County
- Covered employment, annual average35,653
- Establishments reporting3,273
- Average annual pay$60,474
- Average weekly wage$1,163
- Sector 31-33, employment4,360
- Sector 31-33, average annual pay$119,822
- Sector 72, employment4,239
- Sector 72, average annual pay$24,255
- Sector 62, employment3,934
- Sector 62, average annual pay$46,016
- Sector 44-45, employment3,583
- Sector 44-45, average annual pay$36,362
- Sector 23, employment2,651
- Sector 56, employment2,613
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 4,360 | 69 | $119,822 |
| Sector 72 | 4,239 | 163 | $24,255 |
| Sector 62 | 3,934 | 683 | $46,016 |
| Sector 44-45 | 3,583 | 199 | $36,362 |
| Sector 23 | 2,651 | 289 | $73,642 |
| Sector 56 | 2,613 | 248 | $54,683 |
| Sector 54 | 1,281 | 463 | $83,314 |
| Sector 81 | 841 | 221 | $49,851 |
The largest sector is the biggest private employer group at 4,360 jobs, 12.2 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Sandoval County
What businesses operate in Sandoval County
- Establishments, all industries1,928
- Employment at those establishments27,552
- Annual payroll$1.49 bn
- Establishments per 1,000 residents12.6
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Sandoval County
What is being built in Sandoval County
- Housing units authorised by permit, 20241,278
- Declared construction value permitted$275.5 m
- Single family units authorised1,040
- Multifamily units authorised238
- Multifamily share of units18.6 percent
- Average declared value per unit$215,576
- Units authorised per 1,000 households22.5
Multifamily is 18.6 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Sandoval County
How much SBA lending happens in Sandoval County
- 7(a) approvals recorded83
- 7(a) gross approval dollars$46.6 m
- Average 7(a) approval$561,773
- Median 7(a) approval$254,000
- 10th percentile approval$30,000
- 90th percentile approval$1,952,000
- Largest single approval$3,400,000
- Jobs reported supported, 7(a)801
- Jobs per approval9.7
- Distinct 7(a) lenders active32
- Distinct industries receiving approvals54
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer28.9 percent
- Loans on real estate terms24
- Loans on working capital terms, 120 months or shorter53
- Franchise loans15
- Franchise share of approvals18.1 percent
- Leading industry by approval countOffices of Dentists (5)
- Most active lenderWestern Commerce Bank (12)
- 504 approvals recorded35
- 504 gross approval dollars$23.1 m
- Average 504 approval$659,486
- Median 504 approval$455,000
- Distinct CDCs active3
- 504 jobs per approval15.7
- 504 jobs per million dollars approved23.8
- Most active CDCCapital Certified Development Corporation (20)
- 7(a) share of SBA approvals70.3 percent
- Combined SBA approval dollars$69.7 m
The average approval of $561,773 sits well above the median of $254,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 28.9 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Sandoval County
Do SBA loans in Sandoval County get paid back
- Loans with a final outcome recorded7
- Paid in full7
- Charged off0
- Status: Exempt from disclosure60
- Status: Cancelled13
- Status: Paid in full7
- Status: Committed, not yet disbursed3
Too few loans have reached a final outcome to publish a charge off rate. only 7 resolved loans, too few to publish a rate. A rate computed on a handful of loans is noise, so none is shown.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Sandoval County
Which parts of Sandoval County get the lending
- Places in the county with recorded lending6
- RIO RANCHO, approvals66
- CORRALES, approvals10
- Bernalillo, approvals4
- Placitas, approvals1
- ALGODONES, approvals1
- Jemez Pueblo, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| RIO RANCHO | 66 | $36,092,000 |
| CORRALES | 10 | $7,499,200 |
| Bernalillo | 4 | $1,653,000 |
| Placitas | 1 | $270,000 |
| ALGODONES | 1 | $433,000 |
| Jemez Pueblo | 1 | $680,000 |
RIO RANCHO accounts for 66 approvals against 10 in CORRALES. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Sandoval County
How big is Sandoval County
- Land area3,711 sq mi
- Rank by land area among New Mexico counties18th of 33
- Width, east to west77.8 mi
- Height, north to south69.4 mi
- Geographies sharing a boundary7
- Residents per square mile of land41
- Establishments per square mile0.52
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Sandoval County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Sandoval County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population153,604
- Households56,895
- Average household size2.70
- Median household income$86,636
- Median age41.3
Common questions
Sandoval County questions, answered from the record.
How many people live in Sandoval County, New Mexico?
153,604, in 56,895 households, ranking 4th of 33 New Mexico counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Sandoval County growing?
The population has grown 5.99 percent since the 2020 census base. In 2024 there were 1,301 births against 1,468 deaths, with net migration of 1,988. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Sandoval County?
$86,636. The median owner-occupied home is valued at $313,800, which is 3.6 times income, and median gross rent is $1,427 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Sandoval County?
1,928 establishments, employing 27,552 people with an annual payroll of $1.49 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Sandoval County?
Average annual pay is $60,474, or $1,163 a week, across 35,653 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Sandoval County?
83 7(a) approvals totalling $46.6 m since FY2020, across 32 lenders, with a median approval of $254,000, plus 35 504 approvals worth $23.1 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Sandoval County?
1,278 housing units were authorised by permit in 2024, with a declared construction value of $275.5 m. Multifamily was 18.6 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Sandoval County?
Zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Sandoval County come from?
The largest single origin is Sandoval County Non-migrants, with 57,240 households. Arriving households report an average income of $74,628 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Sandoval County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Sandoval County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.