Safe Rate Local
Learn about the people, housing, costs and businesses across New Mexico
Real local data across mortgage, insurance, natural hazard, and place.
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in New Mexico.
True all-in cost — P&I, taxes, insurance & utilities for homes in New Mexico.
Find and compare lenders active near New Mexico.
FEMA flood zones and flood insurance estimates for New Mexico.
Seismic risk and earthquake insurance estimates for New Mexico.
Wildfire exposure and insurance estimates for New Mexico.
As of today, the 30-year fixed mortgage rate for New Mexico is approximately 6.893% (6.939% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.
View current rates for New MexicoThe median home value in New Mexico is $259k. The median monthly rent is $1,171. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in New Mexico have increased 17.0% 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.
Based on a typical all-in ownership cost of $1,025/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Mexico is $69k/year.
Calculate your buying powerThe largest employment sectors in New Mexico are public administration (26%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.