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Paraje

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

Median Home$115,200
Population536
Leading IndustriesPublic Administration · Professional Services42% public administration
Home Value Growth⬆⬆+19.5% over 2 years
Family-Friendly32% of residentstop 2% nationally
NotableVeteran Community14% of residents · top 3% nationally
Paraje
NM

Frequently Asked Questions

What are today's mortgage rates in Paraje?

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

The median home value in Paraje is $115k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Paraje?

Home values in Paraje have increased 19.5% 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 Paraje?

Based on a typical all-in ownership cost of $216/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $9k/year to keep housing costs at or below 28% of gross income — a common lender guideline.

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What industries drive the economy in Paraje?

The largest employment sectors in Paraje are public administration (42%) and wholesale trade (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.