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Lake Sumner

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

Median Home$187,500
Median Rent$387/month
Population67
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services13% arts, food & hospitality
Young Adults37% of residentstop 4% nationally
Homeowners71% of occupied units
NotableHighly Educated25% bachelor's · 13% graduate · top 18% nationally
Lake Sumner
NM

Frequently Asked Questions

What are today's mortgage rates in Lake Sumner?

As of today, the 30-year fixed mortgage rate for Lake Sumner is approximately 6.831% (6.865% 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 Sumner?

The median home value in Lake Sumner is $188k. The median monthly rent is $387. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Lake Sumner?

Based on a typical all-in ownership cost of $728/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline.

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What industries drive the economy in Lake Sumner?

The largest employment sectors in Lake Sumner are public administration (26%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.