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Rancho Grande

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

Median Home$114,000
Median Rent$718/month
Population117
Leading IndustriesFinance & Insurance · Arts, Food & Hospitality · Information & Media7% finance & insurance
Young Adults32% of residentsabove average nationally
Homeowners94% of occupied units
NotableAffordable Market$114k median home · lower cost than 87% of the country
NotableTransit80/100 · excellent transit access
Rancho Grande
NM

Frequently Asked Questions

What are today's mortgage rates in Rancho Grande?

As of today, the 30-year fixed mortgage rate for Rancho Grande is approximately 6.956% (6.994% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Rancho Grande
What is the median home price in Rancho Grande?

The median home value in Rancho Grande is $114k. The median monthly rent is $718. Annual property taxes average $291. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Rancho Grande?

Based on a typical all-in ownership cost of $386/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $17k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rancho Grande is $31k/year.

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What industries drive the economy in Rancho Grande?

The largest employment sectors in Rancho Grande are public administration (23%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.