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Casas Adobes

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

Median Home$200,000
Median Rent$608/month
Population273
Leading IndustriesManufacturing · Public Administration · Agriculture & Mining15% manufacturing
Home Value Growth⬆⬆⬆+32.6% over 2 years
Retirees31% of residentswell above average
Homeowners96% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableHighly Educated24% hold a bachelor's degree · top 21% nationally
Casas Adobes
NM

Frequently Asked Questions

What are today's mortgage rates in Casas Adobes?

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

The median home value in Casas Adobes is $200k. The median monthly rent is $608. Annual property taxes average $986. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Casas Adobes?

Home values in Casas Adobes have increased 32.6% 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 Casas Adobes?

Based on a typical all-in ownership cost of $428/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $18k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Casas Adobes is $48k/year.

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What industries drive the economy in Casas Adobes?

The largest employment sectors in Casas Adobes are public administration (37%) and agriculture and mining (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.