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Fence Lake

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

Median Home$161,100
Median Rent$784/month
Population16
Leading IndustriesEducation · Manufacturing · Arts, Food & Hospitality3% education
Home Value Growth⬆⬆+19.5% over 2 years
Retirees36% of residentstop 3% nationally
Homeowners83% of occupied units
NotableTransit80/100 · excellent transit access
NotableAffordable Market$161k median home · lower cost than 69% of the country
Fence Lake
NM

Frequently Asked Questions

What are today's mortgage rates in Fence Lake?

As of today, the 30-year fixed mortgage rate for Fence 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.

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What is the median home price in Fence Lake?

The median home value in Fence Lake is $161k. The median monthly rent is $784. Annual property taxes average $697. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fence Lake?

Home values in Fence Lake have increased 19.5% 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 Fence Lake?

Based on a typical all-in ownership cost of $788/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fence Lake is $66k/year.

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What industries drive the economy in Fence Lake?

The largest employment sectors in Fence Lake are public administration (24%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.