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Mora

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

Median Home$151,400
Median Rent$1,083/month
Population491
Leading IndustriesEducation · Manufacturing · Agriculture & Mining6% education
Retirees38% of residentstop 2% nationally
Homeowners83% of occupied units
Mora
NM

Frequently Asked Questions

What are today's mortgage rates in Mora?

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

The median home value in Mora is $151k. The median monthly rent is $1,083. Annual property taxes average $700. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Mora?

Based on a typical all-in ownership cost of $648/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mora is $70k/year.

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What industries drive the economy in Mora?

The largest employment sectors in Mora are public administration (30%) and agriculture and mining (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.