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Arrey

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

Median Home$171,300
Population281
Leading IndustriesTransportation · Finance & Insurance · Information & Media6% transportation
Home Value Growth⬆⬆⬆+22.2% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners90% of occupied units
Arrey
NM

Frequently Asked Questions

What are today's mortgage rates in Arrey?

As of today, the 30-year fixed mortgage rate for Arrey is approximately 6.818% (6.851% 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 Arrey?

The median home value in Arrey is $171k. Annual property taxes average $857. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Arrey?

Home values in Arrey have increased 22.2% 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 Arrey?

Based on a typical all-in ownership cost of $479/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $21k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Arrey is $52k/year.

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What industries drive the economy in Arrey?

The largest employment sectors in Arrey are public administration (20%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.