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Lake Arthur

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

Median Home$134,400
Median Rent$715/month
Population395
Leading IndustriesProfessional Services · Retail · Manufacturing3% professional services
Home Value Growth+8.4% over 2 years
Young Adults33% of residentswell above average
Homeowners83% of occupied units
NotableAffordable Market$134k median home · lower cost than 79% of the country
Lake Arthur
NM

Frequently Asked Questions

What are today's mortgage rates in Lake Arthur?

As of today, the 30-year fixed mortgage rate for Lake Arthur is approximately 6.898% (6.934% 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 Lake Arthur?

The median home value in Lake Arthur is $134k. The median monthly rent is $715. Annual property taxes average $394. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Arthur?

Home values in Lake Arthur have increased 8.4% over the past two years. This represents moderate growth. 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 Lake Arthur?

Based on a typical all-in ownership cost of $540/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $23k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Arthur is $68k/year.

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What industries drive the economy in Lake Arthur?

The largest employment sectors in Lake Arthur are public administration (21%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.