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Elida

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

Median Home$132,100
Median Rent$1,052/month
Population169
Leading IndustriesEducation · Wholesale Trade · Transportation3% education
Home Value Growth⬆⬆+11.1% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners78% of occupied units
Elida
NM

Frequently Asked Questions

What are today's mortgage rates in Elida?

As of today, the 30-year fixed mortgage rate for Elida is approximately 6.839% (6.873% 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 Elida?

The median home value in Elida is $132k. The median monthly rent is $1,052. Annual property taxes average $573. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Elida?

Home values in Elida have increased 11.1% 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 Elida?

Based on a typical all-in ownership cost of $922/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Elida is $50k/year.

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What industries drive the economy in Elida?

The largest employment sectors in Elida are public administration (22%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.