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Cedar Grove

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

Median Home$319,697
Median Rent$1,529/month
Population564
Leading IndustriesInformation & Media · Healthcare · Finance & Insurance9% information & media
Home Value Growth+5.8% over 2 years
Retirees32% of residentstop 5% nationally
Homeowners96% of occupied units
NotableVeteran Community15% of residents · top 2% nationally
Cedar Grove
NM

Frequently Asked Questions

What are today's mortgage rates in Cedar Grove?

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

The median home value in Cedar Grove is $320k. The median monthly rent is $1,529. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cedar Grove?

Home values in Cedar Grove have increased 5.8% 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 Cedar Grove?

Based on a typical all-in ownership cost of $1,056/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cedar Grove is $79k/year.

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What industries drive the economy in Cedar Grove?

The largest employment sectors in Cedar Grove are public administration (22%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.