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La Boca

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

Median Home$197,600
Median Rent$1,175/month
Population44
Leading IndustriesManufacturing · Agriculture & Mining · Transportation14% manufacturing
Home Value Growth⬆⬆⬆+38.4% over 2 years
Retirees24% of residentsslightly above average
Homeowners86% of occupied units
La Boca
NM

Frequently Asked Questions

What are today's mortgage rates in La Boca?

As of today, the 30-year fixed mortgage rate for La Boca 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 La Boca?

The median home value in La Boca is $198k. The median monthly rent is $1,175. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in La Boca?

Home values in La Boca have increased 38.4% 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 La Boca?

Based on a typical all-in ownership cost of $947/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in La Boca is $54k/year.

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What industries drive the economy in La Boca?

The largest employment sectors in La Boca are public administration (27%) and agriculture and mining (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.