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Hot Springs Landing

Learn about the people, housing, costs and businesses in Hot Springs Landing, New Mexico

Median Home$168,800
Median Rent$1,111/month
Population122
Leading IndustriesWholesale Trade · Arts, Food & Hospitality11% wholesale trade
Home Value Growth⬆⬆+19.0% over 2 years
Young Adults46% of residentstop 1% nationally
Homeowners79% of occupied units
NotableHighly Educated38% hold a bachelor's degree · top 2% nationally
NotableTransit80/100 · excellent transit access
Hot Springs Landing
NM

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Hot Springs Landing?

As of today, the 30-year fixed mortgage rate for Hot Springs Landing is approximately 6.915% (6.952% 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 Hot Springs Landing?

The median home value in Hot Springs Landing is $169k. The median monthly rent is $1,111. Annual property taxes average $970. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hot Springs Landing?

Home values in Hot Springs Landing have increased 19.0% 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 Hot Springs Landing?

Based on a typical all-in ownership cost of $459/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $20k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hot Springs Landing is $50k/year.

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What industries drive the economy in Hot Springs Landing?

The largest employment sectors in Hot Springs Landing are public administration (24%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.