Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Jarales

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

Median Home$179,060
Median Rent$706/month
Population1,922
Leading IndustriesConstruction · Public Administration · Agriculture & Mining12% construction
Home Value Growth⬆⬆+18.7% over 2 years
Retirees29% of residentswell above average
Homeowners87% of occupied units
NotableTransit88/100 · excellent transit access
NotableAmenity Score70/100 · highly walkable area
Jarales
NM

Frequently Asked Questions

What are today's mortgage rates in Jarales?

As of today, the 30-year fixed mortgage rate for Jarales is approximately 6.971% (7.010% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Jarales
What is the median home price in Jarales?

The median home value in Jarales is $179k. The median monthly rent is $706. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Jarales?

Home values in Jarales have increased 18.7% 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 Jarales?

Based on a typical all-in ownership cost of $489/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $21k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Jarales is $57k/year.

Calculate your buying power
What industries drive the economy in Jarales?

The largest employment sectors in Jarales are public administration (32%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.