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Caon

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

Median Home$327,400
Median Rent$996/month
Population332
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services26% arts, food & hospitality
Home Value Growth⬆⬆+14.0% over 2 years
Retirees23% of residentsslightly above average
Homeowners86% of occupied units
NotableVeteran Community15% of residents · top 2% nationally
NotableHighly Educated29% bachelor's · 16% graduate · top 10% nationally
Caon
NM

Frequently Asked Questions

What are today's mortgage rates in Caon?

As of today, the 30-year fixed mortgage rate for Caon 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 Caon?

The median home value in Caon is $327k. The median monthly rent is $996. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Caon?

Home values in Caon have increased 14.0% 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 Caon?

Based on a typical all-in ownership cost of $948/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Caon is $105k/year.

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What industries drive the economy in Caon?

The largest employment sectors in Caon are healthcare (26%) and arts, food, and hospitality (26%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.