HomeNew MexicoValencia County
Valencia County, New Mexico: commercial real estate data.
Valencia County, New Mexico had an estimated 80,813 residents on July 1, 2024, up 5.9 percent since the 2020 census base of 76,337, across 1,066 square miles. 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Valencia County
How many people live in Valencia County
- Population, American Community Survey 2020-202478,458
- 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-equivalents, Puerto Rico included738th of 3,222
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 moderately unaffordable 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's population growing?
- Population, July 1, 202480,813
- Census 2020 base population76,337
- Population change since the 2020 census base5.86 percent
- Population change, 2023 to 20241,550
- 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 of 3,144
The county has grown 5.86 percent since the 2020 census base. The population grew in 2024 from both sources: births exceeded deaths and more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Valencia County
Where are people moving to Valencia County from?
- Tax returns filed by households arriving1,991
- People arriving, from those returns3,744
- Tax returns filed by households leaving1,543
- Net household movement448
- Adjusted gross income arriving$104.7 m
- Net adjusted gross income movement$33.9 m
- Average income of an arriving household$52,595
- Average income of a leaving household$45,925
- Largest single originBernalillo County (936 households)
- Largest single destinationBernalillo County (693 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Bernalillo County | 936 | 1,751 | $47.0 m |
| Sandoval County | 101 | 185 | $5.8 m |
| Socorro County | 58 | 119 | $2.3 m |
| Santa Fe County | 48 | 81 | $2.4 m |
| Maricopa County | 39 | 66 | $2.0 m |
| Cibola County | 33 | 58 | $904,000 |
| Doña Ana County | 28 | 55 | $1.1 m |
| Clark County | 21 | 38 | $816,000 |
Households arriving report $6,670 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.
Valencia County
What is the Valencia County economy?
- 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 the New Mexico areas BEA publishes13th of 33
- Rank by GDP among the US county areas BEA publishes1122nd of 3,127
- 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
Employment by industry in Valencia County
- Covered employment, annual average17,446
- Establishments reporting1,532
- Average annual pay$49,642
- Average weekly wage$955
- Health care and social assistance, employment3,060
- Health care and social assistance, average annual pay$33,125
- Retail trade, employment2,707
- Retail trade, average annual pay$36,750
- Construction, employment2,020
- Construction, average annual pay$74,505
- Accommodation and food services, employment1,587
- Accommodation and food services, average annual pay$22,255
- Transportation and warehousing, employment1,228
- Manufacturing, employment767
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 3,060 | 324 | $33,125 |
| Retail trade | 2,707 | 156 | $36,750 |
| Construction | 2,020 | 200 | $74,505 |
| Accommodation and food services | 1,587 | 100 | $22,255 |
| Transportation and warehousing | 1,228 | 46 | $53,424 |
| Manufacturing | 767 | 40 | $61,347 |
| Professional, scientific and technical services | 389 | 122 | $68,215 |
| Administrative and support and waste management services | 380 | 72 | $48,161 |
Health care and social assistance is the largest private sector at 3,060 jobs, 17.5 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Valencia County
How many businesses are 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. 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.
Valencia County
Building permits in Valencia County
- Housing units authorized by permit, 2024282
- Declared construction value permitted$85.1 m
- Single family units authorized282
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$301,699
- Units authorized per 1,000 households10.2
Single-family homes are 100.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Valencia County
SBA loans in Valencia County (7(a) and 504)
- 7(a) approvals recorded30
- 7(a) gross approval dollars$19.8 m
- Average 7(a) approval$659,043
- Median 7(a) approval$252,550
- 10th percentile approval$30,900
- 90th percentile approval$1,811,200
- 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)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$22.7 m
The average approval of $659,043 sits well above the median of $252,550, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here 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
SBA loan default and charge-off rates in 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
Only 8 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.
Valencia County
SBA lending by place in Valencia County
- Borrower cities with recorded lending5
- Los Lunas, approvals17
- Belen, approvals8
- Peralta, approvals3
- Tome, approvals1
- Bosque Farms, approvals1
| Borrower city | 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 large 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.
Valencia County
Flood risk in Valencia County
- Participation of the county's own NFIP community Valencia County, unincorporated areasParticipating, community 350086
- Communities in the county in the NFIP Community Status Book6
- Of those, participating in the NFIP6
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Valencia 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 Valencia County (community 350086), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Valencia 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. 100.0 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 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.
- Population, American Community Survey 2020-202478,458
- 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?
The Census Bureau estimates 80,813 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 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's population growing?
The population has grown 5.86 percent since the 2020 census base of 76,337, to 80,813 on July 1, 2024. 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 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 employment by industry in Valencia County?
Health care and social assistance is the largest private sector at 3,060 jobs, 17.5 percent of covered employment. Covered employment averages 17,446 jobs at an average annual pay of $49,642, or $955 a week. 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 totaling $19.8 m since FY2020, across 18 lenders, with a median approval of $252,550, plus 9 504 approvals worth $2.9 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Valencia County?
282 housing units were authorized 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 Bernalillo County, with 936 households. Arriving households report an average income of $52,595 against $45,925 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?
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.
Valencia County
Cities and places in Valencia.
21 Census places lie wholly or partly in Valencia County. All 21 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Los Lunas | village | 18,618 | 17 | Wholly in this county |
| Belen | city | 7,450 | 8 | Wholly in this county |
| El Cerro Mission | CDP | 5,323 | None recorded | Wholly in this county |
| Rio Communities | city | 4,925 | None recorded | Wholly in this county |
| Los Chaves | CDP | 4,838 | None recorded | Wholly in this county |
| Meadow Lake | CDP | 4,259 | None recorded | Wholly in this county |
| Bosque Farms | village | 4,071 | 1 | Wholly in this county |
| Peralta | town | 3,404 | 3 | Wholly in this county |
| El Cerro | CDP | 2,923 | None recorded | Wholly in this county |
| Valencia | CDP | 2,406 | None recorded | Wholly in this county |
| Jarales | CDP | 2,144 | None recorded | Wholly in this county |
| Tome | CDP | 1,723 | 1 | Wholly in this county |
| Las Maravillas | CDP | 1,594 | None recorded | Wholly in this county |
| Adelino | CDP | 686 | None recorded | Wholly in this county |
| Monterey Park | CDP | 667 | None recorded | Wholly in this county |
| Sausal | CDP | 602 | None recorded | Wholly in this county |
| Pueblitos | CDP | 595 | None recorded | Wholly in this county |
| Highland Meadows | CDP | 405 | None recorded | Wholly in this county |
| Casa Colorada | CDP | 351 | None recorded | Wholly in this county |
| Madrone | CDP | 295 | None recorded | Wholly in this county |
| Chical | CDP | 141 | None recorded | Wholly in this county |
Nearby