HomeNew MexicoValencia County
Valencia County, New Mexico: commercial real estate data.
Valencia County, New Mexico has a population of 78,458 across 1,066 square miles, up 5.9 percent since the 2020 census base. County output reached $2.43 bn in 2024, 962 establishments operate here, and the SBA record carries 30 7(a) approvals worth $19.8 m.
120 sourced county values · tier FULL · 11 sections
Valencia County
How many people live in Valencia County
- Population78,458
- Households27,583
- Average household size2.84
- Median household income$58,933
- Median age39.4
- Median gross rent$1,015 per month
- Median owner-occupied home value$223,000
- Home value to household income3.8 times
- Annual rent as a share of median income20.7 percent
- Adults 25 and over with a bachelor degree or higher20.9 percent
- Adults 25 and over with a graduate degree8.5 percent
- Adults 25 and over53,999
- Population under 1817,834
- Share under 1822.7 percent
- Population 65 and over14,696
- Share 65 and over18.7 percent
- Working age population, 18 to 6445,928
- Civilian labor force32,685
- Unemployment rate7.0 percent
- Labor force participation, adults 18 and over53.9 percent
- Rank by population among New Mexico counties6th of 33
- Rank by population among US county-equivalents738th
Valencia County is the 6th largest of 33 New Mexico counties by population. A median home costs 3.8 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 22.7 percent against 18.7 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Valencia County
Is Valencia County growing
- Population change since the 2020 census base5.86 percent
- Census 2020 base population76,337
- Births, 2024825
- Deaths, 2024789
- Natural change, 202436
- Net domestic migration, 20241,374
- Net international migration, 2024148
- Total net migration, 20241,522
- Cumulative net domestic migration, 2021 to 20244,025
- Rank by growth among US county-equivalents429th
The county has grown 5.86 percent since the 2020 census base. Migration contributed more to 2024 change than births over deaths, so demand here follows people arriving rather than families forming.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Valencia County
Where people moving to Valencia County come from
- Tax returns filed by households arriving1,991
- People arriving, from those returns3,744
- Adjusted gross income arriving$104.7 m
- Net adjusted gross income movement$0
- Average income of an arriving household$52,595
- Largest single originValencia County Non-migrants (27,171 households)
- Largest single destination (27,171 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Valencia County Non-migrants | 27,171 | 55,123 | $1.55 bn |
| Bernalillo County | 936 | 1,751 | $47.0 m |
| Other flows - Different State | 550 | 1,061 | $34.0 m |
| Other flows - West | 241 | 443 | $14.9 m |
| Other flows - South | 203 | 403 | $12.5 m |
| Other flows - Same State | 156 | 284 | $7.4 m |
| Sandoval County | 101 | 185 | $5.8 m |
| Other flows - Midwest | 81 | 171 | $5.3 m |
The largest single source of arrivals is Valencia 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.
Valencia County
What the Valencia County economy runs on
- County GDP, 2024$2.43 bn
- County GDP, 2023$2.26 bn
- GDP change, 2023 to 20247.4 percent
- GDP change over five years41.3 percent
- Rank by GDP among New Mexico counties13th
- Rank by GDP among US county-equivalents1122nd
- GDP per resident$30,966
Output grew 7.4 percent in the latest year and 41.3 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.
Valencia County
Who employs people in Valencia County
- Covered employment, annual average17,446
- Establishments reporting1,532
- Average annual pay$49,642
- Average weekly wage$955
- Sector 62, employment3,060
- Sector 62, average annual pay$33,125
- Sector 44-45, employment2,707
- Sector 44-45, average annual pay$36,750
- Sector 23, employment2,020
- Sector 23, average annual pay$74,505
- Sector 72, employment1,587
- Sector 72, average annual pay$22,255
- Sector 48-49, employment1,228
- Sector 31-33, employment767
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 3,060 | 324 | $33,125 |
| Sector 44-45 | 2,707 | 156 | $36,750 |
| Sector 23 | 2,020 | 200 | $74,505 |
| Sector 72 | 1,587 | 100 | $22,255 |
| Sector 48-49 | 1,228 | 46 | $53,424 |
| Sector 31-33 | 767 | 40 | $61,347 |
| Sector 54 | 389 | 122 | $68,215 |
| Sector 56 | 380 | 72 | $48,161 |
The largest sector is the biggest private employer group at 3,060 jobs, 17.5 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.
Valencia County
What businesses operate in Valencia County
- Establishments, all industries962
- Employment at those establishments12,051
- Annual payroll$480.1 m
- Establishments per 1,000 residents12.3
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.
Valencia County
What is being built in Valencia County
- Housing units authorised by permit, 2024282
- Declared construction value permitted$85.1 m
- Single family units authorised282
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$301,699
- Units authorised per 1,000 households10.2
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Valencia County
How much SBA lending happens in Valencia County
- 7(a) approvals recorded30
- 7(a) gross approval dollars$19.8 m
- Average 7(a) approval$659,043
- Median 7(a) approval$271,300
- 10th percentile approval$31,000
- 90th percentile approval$2,362,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)386
- Jobs per approval12.9
- Distinct 7(a) lenders active18
- Distinct industries receiving approvals25
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer33.3 percent
- Loans on real estate terms10
- Loans on working capital terms, 120 months or shorter19
- Franchise loans2
- Franchise share of approvals6.7 percent
- Leading industry by approval countVeterinary Services (5)
- Most active lenderU.S. Bank, National Association (5)
- 504 approvals recorded9
- 504 gross approval dollars$2.9 m
- Average 504 approval$322,444
- Median 504 approval$269,000
- Distinct CDCs active2
- 504 jobs per approval7.6
- 504 jobs per million dollars approved23.4
- Most active CDCEnchantment Land Certified Development Company (7)
- 7(a) share of SBA approvals76.9 percent
- Combined SBA approval dollars$22.7 m
The average approval of $659,043 sits well above the median of $271,300, 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. 33.3 percent of approvals run on real estate terms of 240 months or more, so this is a market where SBA credit is buying buildings, not just funding operations.
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.
Valencia County
Do SBA loans in Valencia County get paid back
- Loans with a final outcome recorded8
- Paid in full8
- Charged off0
- Status: Exempt from disclosure15
- Status: Paid in full8
- Status: Cancelled4
- Status: Committed, not yet disbursed3
Too few loans have reached a final outcome to publish a charge off rate. only 8 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.
Valencia County
Which parts of Valencia County get the lending
- Places in the county with recorded lending5
- LOS LUNAS, approvals17
- Belen, approvals8
- PERALTA, approvals3
- Tome, approvals1
- Bosque Farms, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| LOS LUNAS | 17 | $9,262,300 |
| Belen | 8 | $9,367,500 |
| PERALTA | 3 | $586,500 |
| Tome | 1 | $500,000 |
| Bosque Farms | 1 | $55,000 |
LOS LUNAS accounts for 17 approvals against 8 in Belen. 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.
Valencia County
How big is Valencia County
- Land area1,066 sq mi
- Rank by land area among New Mexico counties32nd of 33
- Width, east to west45.1 mi
- Height, north to south35.8 mi
- Geographies sharing a boundary4
- Residents per square mile of land74
- Establishments per square mile0.90
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 Valencia 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 Valencia County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population78,458
- Households27,583
- Average household size2.84
- Median household income$58,933
- Median age39.4
Common questions
Valencia County questions, answered from the record.
How many people live in Valencia County, New Mexico?
78,458, in 27,583 households, ranking 6th of 33 New Mexico counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Valencia County growing?
The population has grown 5.86 percent since the 2020 census base. In 2024 there were 825 births against 789 deaths, with net migration of 1,522. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Valencia County?
$58,933. The median owner-occupied home is valued at $223,000, which is 3.8 times income, and median gross rent is $1,015 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Valencia County?
962 establishments, employing 12,051 people with an annual payroll of $480.1 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Valencia County?
Average annual pay is $49,642, or $955 a week, across 17,446 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Valencia County?
30 7(a) approvals totalling $19.8 m since FY2020, across 18 lenders, with a median approval of $271,300, plus 9 504 approvals worth $2.9 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Valencia County?
282 housing units were authorised by permit in 2024, with a declared construction value of $85.1 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Valencia 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 Valencia County come from?
The largest single origin is Valencia County Non-migrants, with 27,171 households. Arriving households report an average income of $52,595 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 Valencia 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 Valencia 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.