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El Rito

Learn about the people, housing, costs and businesses in El Rito, New Mexico

Median Home$330,659
Population711
Leading IndustriesPublic Administration · Professional Services43% public administration
Home Value Growth⬆⬆+15.5% over 2 years
Young Adults74% of residentstop 1% nationally
Homeowners93% of occupied units
NotableHighly Educated34% bachelor's · 14% graduate · top 4% nationally
El Rito
NM

Frequently Asked Questions

What are today's mortgage rates in El Rito?

As of today, the 30-year fixed mortgage rate for El Rito is approximately 6.970% (7.009% 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 El Rito?

The median home value in El Rito is $331k. Annual property taxes average $968. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in El Rito?

Home values in El Rito have increased 15.5% 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 El Rito?

Based on a typical all-in ownership cost of $718/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in El Rito is $48k/year.

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What industries drive the economy in El Rito?

The largest employment sectors in El Rito are public administration (43%) and healthcare (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.