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Los Cerrillos

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

Median Home$470,585
Median Rent$1,250/month
Population228
Leading IndustriesProfessional Services · Transportation3% professional services
Home Value Growth⬆⬆+18.3% over 2 years
Retirees27% of residentsabove average nationally
Homeowners61% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Los Cerrillos
NM

Frequently Asked Questions

What are today's mortgage rates in Los Cerrillos?

As of today, the 30-year fixed mortgage rate for Los Cerrillos is approximately 6.863% (6.898% 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 Los Cerrillos?

The median home value in Los Cerrillos is $471k. The median monthly rent is $1,250. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Los Cerrillos?

Home values in Los Cerrillos have increased 18.3% 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 Los Cerrillos?

Based on a typical all-in ownership cost of $1,062/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Los Cerrillos is $53k/year.

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What industries drive the economy in Los Cerrillos?

The largest employment sectors in Los Cerrillos are public administration (17%) and healthcare (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.