Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Redrock

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

Median Home$174,900
Population3
Leading IndustriesAgriculture & Mining · Manufacturing · Construction27% agriculture & mining
Home Value Growth⬆⬆⬆+42.5% over 2 years
Retirees28% of residentswell above average
Redrock
NM

Frequently Asked Questions

What are today's mortgage rates in Redrock?

As of today, the 30-year fixed mortgage rate for Redrock 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.

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

The median home value in Redrock is $175k. Annual property taxes average $916. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Redrock?

Home values in Redrock have increased 42.5% 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 Redrock?

Based on a typical all-in ownership cost of $516/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 Redrock is $50k/year.

Calculate your buying power
What industries drive the economy in Redrock?

The largest employment sectors in Redrock are agriculture and mining (27%) and public administration (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.