Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Casa Colorada

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

Median Home$87,200
Median Rent$1,028/month
Population289
Leading IndustriesManufacturing · Agriculture & Mining · Construction8% manufacturing
Home Value Growth⬆⬆+16.2% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners93% of occupied units
NotableVeteran Community13% of residents · top 4% nationally
Casa Colorada
NM

Frequently Asked Questions

What are today's mortgage rates in Casa Colorada?

As of today, the 30-year fixed mortgage rate for Casa Colorada 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.

View current rates for Casa Colorada
What is the median home price in Casa Colorada?

The median home value in Casa Colorada is $87k. The median monthly rent is $1,028. Annual property taxes average $800. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Casa Colorada?

Home values in Casa Colorada have increased 16.2% 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 Casa Colorada?

Based on a typical all-in ownership cost of $510/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $22k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Casa Colorada is $46k/year.

Calculate your buying power
What industries drive the economy in Casa Colorada?

The largest employment sectors in Casa Colorada are public administration (21%) and agriculture and mining (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.