Quick facts: Sandia park, NM

Quick Facts

96.1
Cost of Living
below US average
411
Population
102.19
Crime Rate per 1000
above US average
$127,045
Median Income
above US average
$145,000
Median House Price
above US average
$3493.75
Average Rent
above US average
3%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $127,045.

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Income Needed to Buy

βœ“ Affordable
$45k/year
Based on $145,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($127,045) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$150k/year
Based on $3493.75/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $150k vs median $127,045
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sandia park, NM

Sandia Park is a serene community located in Bernalillo County, New Mexico, situated east of Albuquerque and nestled against the backdrop of the Sandia Mountains. Known for its picturesque landscapes and outdoor recreational opportunities, the area offers residents and visitors access to hiking, mountain biking, and skiing at nearby Sandia Crest. The elevation provides stunning views and a cooler climate than lower elevations in the region. Sandia Park maintains a small-town charm, with a population that enjoys a quiet lifestyle while still being close to the urban amenities of Albuquerque, which is just a short drive away. The area features a mix of residential developments, with an emphasis on natural surroundings and spacious properties. Local dining options and retail are limited, promoting a sense of community and a slower pace of life. With its proximity to national forests and a variety of outdoor activities, Sandia Park is ideal for nature lovers and those seeking a retreat from the hustle and bustle of city life. The community often celebrates local culture and traditions, making it a unique blend of New Mexico’s rich heritage and natural beauty.

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