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Caoncito

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

Median Home$474,497
Median Rent$1,434/month
Population1,021
Leading IndustriesProfessional Services · Arts, Food & Hospitality · Transportation9% professional services
Home Value Growth+5.6% over 2 years
Retirees33% of residentstop 4% nationally
Homeowners76% of occupied units
NotableHighly Educated28% bachelor's · 16% graduate · top 12% nationally
Caoncito
NM

Frequently Asked Questions

What are today's mortgage rates in Caoncito?

As of today, the 30-year fixed mortgage rate for Caoncito is approximately 6.822% (6.855% 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 Caoncito?

The median home value in Caoncito is $474k. The median monthly rent is $1,434. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Caoncito?

Home values in Caoncito have increased 5.6% 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 Caoncito?

Based on a typical all-in ownership cost of $1,093/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Caoncito is $74k/year.

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What industries drive the economy in Caoncito?

The largest employment sectors in Caoncito are healthcare (18%) and arts, food, and hospitality (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.