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Sandia Knolls

Learn about the people, housing, costs and businesses in Sandia Knolls, New Mexico

Median Home$359,400
Median Rent$1,146/month
Population1,265
Leading IndustriesArts, Food & Hospitality · Healthcare · Education23% arts, food & hospitality
Home Value Growth⬆⬆+14.0% over 2 years
Retirees25% of residentsabove average nationally
Homeowners94% of occupied units
NotableVeteran Community15% of residents · top 2% nationally
NotableHigh Incomes$116k/year · top 10% nationally
Sandia Knolls
NM

Frequently Asked Questions

What are today's mortgage rates in Sandia Knolls?

As of today, the 30-year fixed mortgage rate for Sandia Knolls is approximately 6.861% (6.896% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Sandia Knolls?

The median home value in Sandia Knolls is $359k. The median monthly rent is $1,146. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sandia Knolls?

Home values in Sandia Knolls have increased 14.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Sandia Knolls?

Based on a typical all-in ownership cost of $1,414/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $61k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sandia Knolls is $116k/year.

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What industries drive the economy in Sandia Knolls?

The largest employment sectors in Sandia Knolls are healthcare (25%) and public administration (24%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.