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Butterfield Park

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

Median Home$225,500
Population663
Leading IndustriesTransportation · Arts, Food & Hospitality · Healthcare6% transportation
Home Value Growth+6.2% over 2 years
Retirees31% of residentswell above average
Homeowners62% of occupied units
NotableHighly Educated29% bachelor's · 17% graduate · top 10% nationally
Butterfield Park
NM

Frequently Asked Questions

What are today's mortgage rates in Butterfield Park?

As of today, the 30-year fixed mortgage rate for Butterfield Park is approximately 6.844% (6.878% 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 Butterfield Park?

The median home value in Butterfield Park is $226k. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Butterfield Park?

Home values in Butterfield Park have increased 6.2% over the past two years. This represents moderate growth. 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 Butterfield Park?

Based on a typical all-in ownership cost of $932/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Butterfield Park is $48k/year.

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What industries drive the economy in Butterfield Park?

The largest employment sectors in Butterfield Park are public administration (29%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.