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Loco Hills

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

Median Home$198,100
Median Rent$1,337/month
Population75
Leading IndustriesManufacturing · Agriculture & Mining · Construction14% manufacturing
Home Value Growth-1.3% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners69% of occupied units
Loco Hills
NM

Frequently Asked Questions

What are today's mortgage rates in Loco Hills?

As of today, the 30-year fixed mortgage rate for Loco Hills 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 Loco Hills?

The median home value in Loco Hills is $198k. The median monthly rent is $1,337. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Loco Hills?

Home values in Loco Hills have decreased 1.3% over the past two years. Buyers may find more negotiating room in this market. 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 Loco Hills?

Based on a typical all-in ownership cost of $1,051/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Loco Hills is $85k/year.

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What industries drive the economy in Loco Hills?

The largest employment sectors in Loco Hills are agriculture and mining (21%) and public administration (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.