Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Cochiti Lake

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

Median Home$228,300
Median Rent$1,229/month
Population475
Leading IndustriesPublic Administration · Professional Services · Retail31% public administration
Home Value Growth⬆⬆⬆+37.4% over 2 years
Retirees30% of residentswell above average
Homeowners92% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Cochiti Lake
NM

Frequently Asked Questions

What are today's mortgage rates in Cochiti Lake?

As of today, the 30-year fixed mortgage rate for Cochiti Lake 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 Cochiti Lake
What is the median home price in Cochiti Lake?

The median home value in Cochiti Lake is $228k. The median monthly rent is $1,229. Annual property taxes average $981. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cochiti Lake?

Home values in Cochiti Lake have increased 37.4% 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 Cochiti Lake?

Based on a typical all-in ownership cost of $449/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $19k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cochiti Lake is $63k/year.

Calculate your buying power
What industries drive the economy in Cochiti Lake?

The largest employment sectors in Cochiti Lake are public administration (31%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.