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Rio en Medio

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

Median Home$775,142
Median Rent$1,150/month
Population137
Leading IndustriesHealthcare · Transportation · Arts, Food & Hospitality17% healthcare
Home Value Growth⬆⬆+19.2% over 2 years
Young Adults43% of residentstop 2% nationally
Homeowners77% of occupied units
NotableHigh Incomes$88k/year · top 26% nationally
Rio en Medio
NM

Frequently Asked Questions

What are today's mortgage rates in Rio en Medio?

As of today, the 30-year fixed mortgage rate for Rio en Medio 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 Rio en Medio?

The median home value in Rio en Medio is $775k. The median monthly rent is $1,150. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rio en Medio?

Home values in Rio en Medio have increased 19.2% 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 en Medio?

Based on a typical all-in ownership cost of $1,106/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rio en Medio is $88k/year.

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What industries drive the economy in Rio en Medio?

The largest employment sectors in Rio en Medio are healthcare (17%) and public administration (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.