HomeNew MexicoSandoval County
Sandoval County, New Mexico: commercial real estate data.
Sandoval County, New Mexico had an estimated 157,757 residents on July 1, 2024, up 6.0 percent since the 2020 census base of 148,839, across 3,711 square miles. 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Sandoval County
How many people live in Sandoval County
- Population, American Community Survey 2020-2024153,604
- 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-equivalents, Puerto Rico included451st of 3,222
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 moderately unaffordable 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's population growing?
- Population, July 1, 2024157,757
- Census 2020 base population148,839
- Population change since the 2020 census base5.99 percent
- Population change, 2023 to 20241,814
- 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 of 3,144
The county has grown 5.99 percent since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration 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 are people moving to Sandoval County from?
- Tax returns filed by households arriving5,501
- People arriving, from those returns10,167
- Tax returns filed by households leaving4,517
- Net household movement984
- Adjusted gross income arriving$410.5 m
- Net adjusted gross income movement$97.3 m
- Average income of an arriving household$74,628
- Average income of a leaving household$69,345
- Largest single originBernalillo County (2,396 households)
- Largest single destinationBernalillo County (1,931 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Bernalillo County | 2,396 | 4,304 | $156.6 m |
| Santa Fe County | 359 | 639 | $22.4 m |
| Maricopa County | 128 | 231 | $12.1 m |
| McKinley County | 125 | 332 | $3.7 m |
| Los Angeles County | 66 | 113 | $7.0 m |
| Valencia County | 65 | 110 | $3.4 m |
| Clark County | 62 | 102 | $3.5 m |
| Doña Ana County | 59 | 98 | $3.3 m |
Households arriving report $5,283 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Bernalillo County, 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 is the Sandoval County economy?
- 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 the New Mexico areas BEA publishes7th of 33
- Rank by GDP among the US county areas BEA publishes640th of 3,127
- 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
Employment by industry in Sandoval County
- Covered employment, annual average35,653
- Establishments reporting3,273
- Average annual pay$60,474
- Average weekly wage$1,163
- Manufacturing, employment4,360
- Manufacturing, average annual pay$119,822
- Accommodation and food services, employment4,239
- Accommodation and food services, average annual pay$24,255
- Health care and social assistance, employment3,934
- Health care and social assistance, average annual pay$46,016
- Retail trade, employment3,583
- Retail trade, average annual pay$36,362
- Construction, employment2,651
- Administrative and support and waste management services, employment2,613
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 4,360 | 69 | $119,822 |
| Accommodation and food services | 4,239 | 163 | $24,255 |
| Health care and social assistance | 3,934 | 683 | $46,016 |
| Retail trade | 3,583 | 199 | $36,362 |
| Construction | 2,651 | 289 | $73,642 |
| Administrative and support and waste management services | 2,613 | 248 | $54,683 |
| Professional, scientific and technical services | 1,281 | 463 | $83,314 |
| Other services, except public administration | 841 | 221 | $49,851 |
Manufacturing is the largest private sector at 4,360 jobs, 12.2 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Sandoval County
How many businesses are 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. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Sandoval County
Building permits in Sandoval County
- Housing units authorized by permit, 20241,278
- Declared construction value permitted$275.5 m
- Single family units authorized1,040
- Multifamily units authorized238
- Multifamily share of units18.6 percent
- Average declared value per unit$215,576
- Units authorized per 1,000 households22.5
Single-family homes are 81.4 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Sandoval County
SBA loans in Sandoval County (7(a) and 504)
- 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$32,400
- 90th percentile approval$1,898,420
- 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)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$69.7 m
The average approval of $561,773 sits well above the median of $254,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here 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
SBA loan default and charge-off rates in 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
Only 7 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Sandoval County
SBA lending by place in Sandoval County
- Borrower cities with recorded lending6
- Rio Rancho, approvals66
- Corrales, approvals10
- Bernalillo, approvals4
- Jemez Pueblo, approvals1
- Algodones, approvals1
- Placitas, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Rio Rancho | 66 | $36,092,000 |
| Corrales | 10 | $7,499,200 |
| Bernalillo | 4 | $1,653,000 |
| Jemez Pueblo | 1 | $680,000 |
| Algodones | 1 | $433,000 |
| Placitas | 1 | $270,000 |
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 large 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.
Sandoval County
Flood risk in Sandoval County
- Participation of the county's own NFIP community Sandoval County, unincorporated areasParticipating, community 350055
- Communities in the county in the NFIP Community Status Book7
- Of those, participating in the NFIP6
- NFIP participation rate85.7 percent
- Communities carrying a CRS class0
- Radon levels in Sandoval County, EPA zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
The county's own community in the status book, unincorporated Sandoval County (community 350055), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Sandoval County in radon zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 85.7 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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.
- Population, American Community Survey 2020-2024153,604
- 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?
The Census Bureau estimates 157,757 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 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's population growing?
The population has grown 5.99 percent since the 2020 census base of 148,839, to 157,757 on July 1, 2024. 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 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 employment by industry in Sandoval County?
Manufacturing is the largest private sector at 4,360 jobs, 12.2 percent of covered employment. Covered employment averages 35,653 jobs at an average annual pay of $60,474, or $1,163 a week. 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 totaling $46.6 m since FY2020, across 32 lenders, with a median approval of $254,000, plus 35 504 approvals worth $23.1 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Sandoval County?
1,278 housing units were authorized 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 Bernalillo County, with 2,396 households. Arriving households report an average income of $74,628 against $69,345 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?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Sandoval County
Cities and places in Sandoval.
27 Census places lie wholly or partly in Sandoval County. 26 carry enough published place level data for a page of their own and are linked. The rest are named here and not linked, because the American Community Survey and the SBA record between them do not carry enough about them to write an honest page. A place existing is itself worth knowing, so nothing in the county is left out.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Rio Rancho | city | 108,515 | 66 | 84.8 percent here, 15.2 percent Bernalillo County |
| Bernalillo | town | 9,086 | 4 | Wholly in this county |
| Corrales | village | 8,555 | 10 | Wholly in this county |
| Edgewood | town | 6,124 | None recorded | 3.6 percent here, 72.9 percent Santa Fe County, 23.6 percent Bernalillo County |
| Placitas | CDP | 4,223 | 1 | Wholly in this county |
| Santo Domingo Pueblo | CDP | 2,370 | None recorded | Wholly in this county |
| Jemez Pueblo | CDP | 2,199 | 1 | Wholly in this county |
| Rio Rancho Estates | CDP | 1,571 | None recorded | Wholly in this county |
| Algodones | CDP | 1,479 | 1 | Wholly in this county |
| San Felipe Pueblo | CDP | 1,119 | None recorded | Wholly in this county |
| Santa Ana Pueblo | CDP | 1,026 | None recorded | Wholly in this county |
| Zia Pueblo | CDP | 770 | None recorded | Wholly in this county |
| Cochiti | CDP | 680 | None recorded | Wholly in this county |
| Torreon | CDP | 580 | None recorded | Wholly in this county |
| Peña Blanca | CDP | 568 | None recorded | Wholly in this county |
| La Madera | CDP | 532 | None recorded | Wholly in this county |
| Cochiti Lake | CDP | 476 | None recorded | Wholly in this county |
| Cuba | village | 462 | None recorded | Wholly in this county |
| Cañon | CDP | 436 | None recorded | Wholly in this county |
| Pueblo of Sandia Village | CDP | 416 | None recorded | Wholly in this county |
| Ponderosa | CDP | 289 | None recorded | Wholly in this county |
| Jemez Springs | village | 284 | None recorded | Wholly in this county |
| La Jara | CDP | 176 | None recorded | Wholly in this county |
| La Cueva | CDP | 162 | None recorded | Wholly in this county |
| San Ysidro | village | 146 | None recorded | Wholly in this county |
| Regina | CDP | 31 | None recorded | Wholly in this county |
| San Luis | CDP | 0 | None recorded | Wholly in this county |