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Catalpa Canyon

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

Median Home$170,549
Median Rent$801/month
Population147
Leading IndustriesPublic Administration · Professional Services · Manufacturing40% public administration
Home Value Growth⬆⬆+15.7% over 2 years
Family-Friendly28% of residentswell above average
Homeowners60% of occupied units
Catalpa Canyon
NM

Frequently Asked Questions

What are today's mortgage rates in Catalpa Canyon?

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

The median home value in Catalpa Canyon is $171k. The median monthly rent is $801. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Catalpa Canyon?

Home values in Catalpa Canyon have increased 15.7% 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 Catalpa Canyon?

Based on a typical all-in ownership cost of $735/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Catalpa Canyon is $64k/year.

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What industries drive the economy in Catalpa Canyon?

The largest employment sectors in Catalpa Canyon are public administration (40%) and healthcare (5%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.