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Lamy

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

Median Home$650,400
Population196
Leading IndustriesInformation & Media · Finance & Insurance8% information & media
Home Value Growth⬆⬆⬆+37.2% over 2 years
Retirees23% of residentsslightly above average
Homeowners95% of occupied units
NotableTransit95/100 · excellent transit access
NotableHigh Incomes$132k/year · top 6% nationally
Lamy
NM

Frequently Asked Questions

What are today's mortgage rates in Lamy?

As of today, the 30-year fixed mortgage rate for Lamy is approximately 6.967% (7.006% 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 Lamy?

The median home value in Lamy is $650k. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lamy?

Home values in Lamy have increased 37.2% 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 Lamy?

Based on a typical all-in ownership cost of $1,898/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $81k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lamy is $132k/year.

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What industries drive the economy in Lamy?

The largest employment sectors in Lamy are public administration (23%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.