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Rio Chiquito

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

Median Home$239,486
Median Rent$995/month
Population182
Leading IndustriesAgriculture & Mining · Construction · Manufacturing12% agriculture & mining
Home Value Growth⬆⬆⬆+22.5% over 2 years
Young Adults27% of residentsnear the national average
Homeowners84% of occupied units
Rio Chiquito
NM

Frequently Asked Questions

What are today's mortgage rates in Rio Chiquito?

As of today, the 30-year fixed mortgage rate for Rio Chiquito is approximately 6.869% (6.904% 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 Rio Chiquito?

The median home value in Rio Chiquito is $239k. The median monthly rent is $995. Annual property taxes average $929. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rio Chiquito?

Home values in Rio Chiquito have increased 22.5% 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 Rio Chiquito?

Based on a typical all-in ownership cost of $542/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $23k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rio Chiquito is $61k/year.

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What industries drive the economy in Rio Chiquito?

The largest employment sectors in Rio Chiquito are public administration (19%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.