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Nuevo

Learn about the people, housing, costs and businesses in Nuevo, California

Median Home$513,121
Median Rent$1,553/month
Population7,351
Leading IndustriesWholesale Trade · Finance & Insurance · Information & Media19% wholesale trade
Home Value Growth+7.4% over 2 years
Family-Friendly31% of residentstop 3% nationally
Homeowners71% of occupied units
NotableHigh Incomes$87k/year · top 27% nationally
Nuevo
CA

Frequently Asked Questions

What are today's mortgage rates in Nuevo?

As of today, the 30-year fixed mortgage rate for Nuevo is approximately 6.855% (6.890% 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 Nuevo?

The median home value in Nuevo is $513k. The median monthly rent is $1,553. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Nuevo?

Home values in Nuevo have increased 7.4% over the past two years. This represents moderate growth. 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 Nuevo?

Based on a typical all-in ownership cost of $1,753/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $75k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Nuevo is $87k/year.

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What industries drive the economy in Nuevo?

The largest employment sectors in Nuevo are wholesale trade (19%) and public administration (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.