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Ojo Sarco

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

Median Home$317,211
Median Rent$915/month
Population257
Leading IndustriesTransportation · Retail6% transportation
Home Value Growth⬆⬆⬆+21.3% over 2 years
Retirees24% of residentsslightly above average
Homeowners78% of occupied units
Ojo Sarco
NM

Frequently Asked Questions

What are today's mortgage rates in Ojo Sarco?

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

The median home value in Ojo Sarco is $317k. The median monthly rent is $915. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ojo Sarco?

Home values in Ojo Sarco have increased 21.3% 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 Ojo Sarco?

Based on a typical all-in ownership cost of $707/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ojo Sarco is $68k/year.

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What industries drive the economy in Ojo Sarco?

The largest employment sectors in Ojo Sarco are public administration (19%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.