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Nambe

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

Median Home$295,626
Median Rent$1,255/month
Population2,016
Leading IndustriesArts, Food & Hospitality · Healthcare · Education19% arts, food & hospitality
Home Value Growth⬆⬆+15.7% over 2 years
Retirees31% of residentswell above average
Homeowners85% of occupied units
Nambe
NM

Frequently Asked Questions

What are today's mortgage rates in Nambe?

As of today, the 30-year fixed mortgage rate for Nambe is approximately 6.823% (6.856% 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 Nambe?

The median home value in Nambe is $296k. The median monthly rent is $1,255. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Nambe?

Home values in Nambe have increased 15.7% 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 Nambe?

Based on a typical all-in ownership cost of $516/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $22k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Nambe is $63k/year.

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What industries drive the economy in Nambe?

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