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Lake Roberts

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

Median Home$200,000
Median Rent$608/month
Population52
Leading IndustriesWholesale Trade · Professional Services · Retail14% wholesale trade
Home Value Growth⬆⬆⬆+32.6% over 2 years
Young Adults27% of residentsnear the national average
Homeowners95% of occupied units
NotableHighly Educated23% hold a bachelor's degree · top 23% nationally
Lake Roberts
NM

Frequently Asked Questions

What are today's mortgage rates in Lake Roberts?

As of today, the 30-year fixed mortgage rate for Lake Roberts is approximately 6.922% (6.959% 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 Roberts?

The median home value in Lake Roberts is $200k. The median monthly rent is $608. Annual property taxes average $986. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Roberts?

Home values in Lake Roberts have increased 32.6% 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 Lake Roberts?

Based on a typical all-in ownership cost of $428/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $18k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Roberts is $48k/year.

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What industries drive the economy in Lake Roberts?

The largest employment sectors in Lake Roberts are public administration (21%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.