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Borrego Pass

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

Median Home$97,900
Median Rent$583/month
Population124
Leading IndustriesPublic Administration · Manufacturing · Agriculture & Mining50% public administration
Home Value Growth⬆⬆+12.9% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners95% of occupied units
NotableAffordable Market$98k median home · lower cost than 93% of the country
Borrego Pass
NM

Frequently Asked Questions

What are today's mortgage rates in Borrego Pass?

As of today, the 30-year fixed mortgage rate for Borrego Pass is approximately 6.995% (7.035% 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 Borrego Pass?

The median home value in Borrego Pass is $98k. The median monthly rent is $583. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Borrego Pass?

Home values in Borrego Pass have increased 12.9% 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 Borrego Pass?

Based on a typical all-in ownership cost of $246/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $11k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Borrego Pass is $24k/year.

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What industries drive the economy in Borrego Pass?

The largest employment sectors in Borrego Pass are public administration (50%) and agriculture and mining (7%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.