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Arenas Valley

Learn about the people, housing, costs and businesses in Arenas Valley, New Mexico

Median Home$177,354
Median Rent$616/month
Population1,226
Leading IndustriesManufacturing · Transportation1% manufacturing
Home Value Growth⬆⬆⬆+23.0% over 2 years
Retirees22% of residentsnear the national average
Homeowners81% of occupied units
Arenas Valley
NM

Frequently Asked Questions

What are today's mortgage rates in Arenas Valley?

As of today, the 30-year fixed mortgage rate for Arenas Valley is approximately 6.902% (6.938% 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 Arenas Valley?

The median home value in Arenas Valley is $177k. The median monthly rent is $616. Annual property taxes average $666. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Arenas Valley?

Home values in Arenas Valley have increased 23.0% 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 Arenas Valley?

Based on a typical all-in ownership cost of $551/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $24k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Arenas Valley is $44k/year.

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What industries drive the economy in Arenas Valley?

The largest employment sectors in Arenas Valley are public administration (22%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.