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Las Maravillas

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

Median Home$188,200
Median Rent$1,371/month
Population1,739
Leading IndustriesWholesale Trade · Public Administration · Manufacturing12% wholesale trade
Home Value Growth⬆⬆+19.3% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners90% of occupied units
Las Maravillas
NM

Frequently Asked Questions

What are today's mortgage rates in Las Maravillas?

As of today, the 30-year fixed mortgage rate for Las Maravillas is approximately 6.987% (7.029% 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 Las Maravillas?

The median home value in Las Maravillas is $188k. The median monthly rent is $1,371. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Las Maravillas?

Home values in Las Maravillas have increased 19.3% 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 Las Maravillas?

Based on a typical all-in ownership cost of $1,118/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Las Maravillas is $67k/year.

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What industries drive the economy in Las Maravillas?

The largest employment sectors in Las Maravillas are public administration (29%) and wholesale trade (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.