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Lobo Canyon

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

Median Home$165,000
Population179
Leading IndustryHealthcare33% of local workforce
Home Value Growth⬆⬆+19.5% over 2 years
Retirees29% of residentswell above average
NotableVeteran Community11% of residents · top 9% nationally
Lobo Canyon
NM

Frequently Asked Questions

What are today's mortgage rates in Lobo Canyon?

As of today, the 30-year fixed mortgage rate for Lobo Canyon is approximately 6.995% (7.035% 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 Lobo Canyon?

The median home value in Lobo Canyon is $165k. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lobo Canyon?

Home values in Lobo Canyon have increased 19.5% 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 Lobo Canyon?

Based on a typical all-in ownership cost of $877/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lobo Canyon is $80k/year.

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What industries drive the economy in Lobo Canyon?

The largest employment sectors in Lobo Canyon are healthcare (33%) and transportation (2%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.