Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Las Palomas

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

Median Home$171,300
Population186
Leading IndustryTransportation3% of local workforce
Home Value Growth⬆⬆⬆+22.2% over 2 years
Young Adults25% of residents
Homeowners90% of occupied units
NotableVeteran Community17% of residents · top 1% nationally
Las Palomas
NM

Frequently Asked Questions

What are today's mortgage rates in Las Palomas?

As of today, the 30-year fixed mortgage rate for Las Palomas is approximately 6.862% (6.897% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Las Palomas
What is the median home price in Las Palomas?

The median home value in Las Palomas is $171k. Annual property taxes average $857. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Las Palomas?

Home values in Las Palomas have increased 22.2% 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 Las Palomas?

Based on a typical all-in ownership cost of $479/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $21k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Las Palomas is $52k/year.

Calculate your buying power
What industries drive the economy in Las Palomas?

The largest employment sectors in Las Palomas are public administration (20%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.