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Galisteo

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

Median Home$490,500
Median Rent$1,302/month
Population211
Leading IndustriesTransportation · Professional Services7% transportation
Home Value Growth⬆⬆+19.7% over 2 years
Retirees27% of residentsabove average nationally
Homeowners57% of occupied units
Galisteo
NM

Frequently Asked Questions

What are today's mortgage rates in Galisteo?

As of today, the 30-year fixed mortgage rate for Galisteo is approximately 6.976% (7.015% 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 Galisteo?

The median home value in Galisteo is $491k. The median monthly rent is $1,302. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Galisteo?

Home values in Galisteo have increased 19.7% 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 Galisteo?

Based on a typical all-in ownership cost of $1,051/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Galisteo is $47k/year.

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What industries drive the economy in Galisteo?

The largest employment sectors in Galisteo are public administration (23%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.