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Old

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

Median Home$104,100
Median Rent$605/month
Population29
Leading IndustriesAgriculture & Mining · Construction · Manufacturing22% agriculture & mining
Home Value Growth⬆⬆⬆+25.2% over 2 years
Young Adults28% of residentsnear the national average
Homeowners67% of occupied units
NotableAffordable Market$104k median home · lower cost than 90% of the country
Old Town
NM

Frequently Asked Questions

What are today's mortgage rates in Old?

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

The median home value in Old is $104k. The median monthly rent is $605. Annual property taxes average $619. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Old?

Home values in Old have increased 25.2% 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 Old?

Based on a typical all-in ownership cost of $515/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 Old is $38k/year.

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What industries drive the economy in Old?

The largest employment sectors in Old are agriculture and mining (22%) and construction (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.