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Escondida

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

Median Home$175,000
Median Rent$599/month
Population43
Leading IndustriesPublic Administration · Transportation31% public administration
Home Value Growth+10.0% over 2 years
Young Adults29% of residentsslightly above average
Homeowners62% of occupied units
Escondida
NM

Frequently Asked Questions

What are today's mortgage rates in Escondida?

As of today, the 30-year fixed mortgage rate for Escondida is approximately 6.948% (6.986% 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 Escondida?

The median home value in Escondida is $175k. The median monthly rent is $599. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Escondida?

Home values in Escondida have increased 10.0% 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 Escondida?

Based on a typical all-in ownership cost of $576/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Escondida is $42k/year.

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What industries drive the economy in Escondida?

The largest employment sectors in Escondida are public administration (31%) and retail (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.