Photo: Cathy from USA · CC BY-SA 2.0Measured against area pay, Peralta costs more to live in than 62% of U.S. towns
It ranks #49 of 72 in New Mexico for affordability. Up 2% in a year, 28% above the New Mexico typical home.
Census 2020–24 home values, rents, tax bills and cost burden, measured against the median household income of the Albuquerque, NM metro area ($71K). How TownRatings grades cost of living
Only 1 sale in September 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
The grade compares costs with what households across the Albuquerque metro earn ($71K, Census 2020–24). Even so, the typical home costs 4.2 years of metro income, and 62% of renters pay 30% or more of income for housing.
In dollars
- $405Ktypical home, 28% above the New Mexico typical homeZillow, September 2026
- $1,350a month for a two-bedroom, utilities includedHUD Fair Market Rent, 2026
- 96prices across the Albuquerque metro, where the U.S. is 100 (housing 89)BEA Regional Price Parities, 2024
In paychecks the grade
- 4.2 yrsof area income buys the typical home; the typical U.S. town: 3.3$71K, Albuquerque-area income
- 21%of area income goes to the median rent; the typical U.S. town: 18%Census 2020–24
- 62%of renters pay 30%+ of income for housing; across New Mexico: 50%Census 2020–24
- 24%of owners do; the typical U.S. town: 20%Census 2020–24
What stands out about housing in Peralta
What’s behind Peralta’s grade
Measured against what households in the area earn, Peralta is more affordable than 38% of U.S. towns, #49 of 72 in New Mexico. Rent pulls the grade down most; property tax holds it up.
Prices here have kept pace with New Mexico: up 26.7% in five years, against 25.1% statewide (Zillow).
Up 26.7% in five years
About the same pace as New Mexico (25.1%).
Show as a table
| January | Peralta | New Mexico |
|---|---|---|
| 2017 | $224,000 | $177,000 |
| 2018 | $225,000 | $183,000 |
| 2019 | $238,000 | $191,000 |
| 2020 | $267,000 | $203,000 |
| 2021 | $296,000 | $228,000 |
| 2022 | $333,000 | $261,000 |
| 2023 | $356,000 | $285,000 |
| 2024 | $359,000 | $299,000 |
| 2025 | $387,000 | $310,000 |
| 2026 | $405,000 | $313,000 |
| September 2026 | $405,000 | $316,000 |
A typical Peralta home worth $224K in October 2016 is worth about $405K today.
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through September 2026.
A typical home costs 4.2 years of area income
The calculator starts from the area income the grade uses. Switch to Peralta’s own median, or type yours.
That’s $110K short of a typical Peralta home.
A two-bedroom rents for about $1,350 a month here, $930 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Peralta’s typical property tax (0.44% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,350
Renters already here pay a median of $1,246.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Albuquerque, NM MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Property tax runs below the New Mexico norm
The median bill is $1,328 (New Mexico: $1,731), 0.44% of a home’s value a year, against 0.70% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
The rest of a budget near Peralta
Only figures published free for the whole country, each labeled with the area it covers: the Albuquerque, NM metro area, or New Mexico. Groceries follow the goods price level; nobody publishes them town by town.
| Cost | Here | Compared with | Area | Source |
|---|---|---|---|---|
| Prices overall U.S. = 100 | 96 | NM 92 | metro | BEA, 2024 |
| Goods (groceries, clothing, cars…) U.S. = 100 | 96 | NM 96 | metro | BEA, 2024 |
| Utilities U.S. = 100 | 78 | NM 78 | metro | BEA, 2024 |
| Other services U.S. = 100 | 99 | NM 99 | metro | BEA, 2024 |
Price levels: U.S. Bureau of Economic Analysis, Regional Price Parities 2024 (metro area and state). Electricity: U.S. Energy Information Administration, Electric Power Monthly, table 5.6.A.
Peralta vs. its neighbors
Of the 3 towns here with a Zillow value, Peralta has the 2nd-lowest. Valencia has no Zillow value, so it is in the table only.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, September 2026 | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Peralta | C+ | $405K | $299K | 0.44% | $1,350 |
| Bosque Farms | B | $421K | $293K | 0.65% | $1,200 |
| Valencia | B+ | — | $263K | 0.48% | $1,530 |
| Los Lunas | C | $331K | $263K | 0.74% | $1,530 |
“—” under Zillow: Zillow publishes no value for that town, so it’s left blank rather than mixed with Census figures.
Questions about the cost of living in Peralta
Is Peralta expensive to live in?
Measured against what households in the area earn, Peralta costs more than 62% of U.S. towns: a C+ for cost of living, #49 of 72 in New Mexico. The typical home costs 4.2 years of the median household income of the Albuquerque, NM metro area ($71K).
How much does a house cost in Peralta?
About $405K, Zillow’s typical value for September 2026, up 2.0% in a year. The New Mexico typical home is $316K.
What salary do you need to live in Peralta?
To buy the typical home with 20% down at 6.3%, about $98,000 a year, keeping the payment (about $2,280 a month with tax and insurance) at 28% of income. To rent a two-bedroom at 30% of income, about $54,000.
How much is rent in Peralta?
HUD puts a two-bedroom at about $1,350 a month with utilities, the going rate for someone moving in. Renters already here pay a median of $1,246 (Census 2020–24).
What are property taxes in Peralta?
The median bill is $1,328 a year, 0.44% of the median home value (New Mexico: $1,731, 0.70%), from the Census 2020–24.
Are home prices in Peralta going up?
Yes: up 2.0% in the past year and 26.7% in five years, against 25.1% across New Mexico (Zillow).
Neighbors talk housing
What Peralta buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, September 2026. Sales, days on market and supply: Redfin Data Center, September 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.