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Paradise Hills

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

Median Home$295,793
Median Rent$1,183/month
Population4,141
Leading IndustriesProfessional Services · Healthcare · Finance & Insurance3% professional services
Home Value Growth⬆⬆+12.9% over 2 years
Retirees27% of residentsabove average nationally
Homeowners72% of occupied units
NotableVeteran Community13% of residents · top 4% nationally
Paradise Hills
NM

Frequently Asked Questions

What are today's mortgage rates in Paradise Hills?

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

The median home value in Paradise Hills is $296k. The median monthly rent is $1,183. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Paradise Hills?

Home values in Paradise Hills have increased 12.9% 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 Paradise Hills?

Based on a typical all-in ownership cost of $1,148/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Paradise Hills is $67k/year.

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What industries drive the economy in Paradise Hills?

The largest employment sectors in Paradise Hills are public administration (23%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.