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North Light Plant

Learn about the people, housing, costs and businesses in North Light Plant, New Mexico

Median Home$218,081
Median Rent$1,259/month
Population605
Leading IndustriesProfessional Services · Healthcare · Manufacturing3% professional services
Home Value Growth+1.4% over 2 years
Young Adults27% of residentsnear the national average
Homeowners85% of occupied units
North Light Plant
NM

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in North Light Plant?

As of today, the 30-year fixed mortgage rate for North Light Plant is approximately 6.892% (6.928% 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 North Light Plant?

The median home value in North Light Plant is $218k. The median monthly rent is $1,259. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in North Light Plant?

Home values in North Light Plant have increased 1.4% over the past two years. The market has been relatively stable. 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 North Light Plant?

Based on a typical all-in ownership cost of $1,047/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 North Light Plant is $53k/year.

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What industries drive the economy in North Light Plant?

The largest employment sectors in North Light Plant are public administration (21%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.