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Boles Acres

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

Median Home$124,695
Median Rent$1,208/month
Population1,775
Leading IndustriesTransportation · Information & Media · Finance & Insurance6% transportation
Home Value Growth⬆⬆+14.7% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners74% of occupied units
NotableVeteran Community23% of residents · top 1% nationally
Boles Acres
NM

Frequently Asked Questions

What are today's mortgage rates in Boles Acres?

As of today, the 30-year fixed mortgage rate for Boles Acres is approximately 6.946% (6.984% 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 Boles Acres?

The median home value in Boles Acres is $125k. The median monthly rent is $1,208. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Boles Acres?

Home values in Boles Acres have increased 14.7% 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 Boles Acres?

Based on a typical all-in ownership cost of $778/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Boles Acres is $60k/year.

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What industries drive the economy in Boles Acres?

The largest employment sectors in Boles Acres are public administration (19%) and information and media (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.