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Caones

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

Median Home$353,300
Population83
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Construction52% public administration
Home Value Growth⬆⬆+15.5% over 2 years
Retirees47% of residentstop 1% nationally
Homeowners95% of occupied units
Caones
NM

Frequently Asked Questions

What are today's mortgage rates in Caones?

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

The median home value in Caones is $353k. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Caones?

Home values in Caones have increased 15.5% 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 Caones?

Based on a typical all-in ownership cost of $662/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Caones is $45k/year.

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What industries drive the economy in Caones?

The largest employment sectors in Caones are public administration (52%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.