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Gallup

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

Median Home$164,437
Median Rent$928/month
Population21,457
Leading IndustriesPublic Administration · Manufacturing · Professional Services34% public administration
Home Value Growth⬆⬆+20.7% over 2 years
Family-Friendly30% of residentstop 4% nationally
Homeowners53% of occupied units
NotableTransit81/100 · excellent transit access
NotableAmenity Score69/100 · highly walkable area
Gallup
NM

Frequently Asked Questions

What are today's mortgage rates in Gallup?

As of today, the 30-year fixed mortgage rate for Gallup is approximately 6.930% (6.967% 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 Gallup?

The median home value in Gallup is $164k. The median monthly rent is $928. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Gallup?

Home values in Gallup have increased 20.7% 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 Gallup?

Based on a typical all-in ownership cost of $892/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Gallup is $59k/year.

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What industries drive the economy in Gallup?

The largest employment sectors in Gallup are public administration (34%) and wholesale trade (6%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.