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Rodey

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

Median Home$81,100
Median Rent$536/month
Population302
Leading IndustriesInformation & Media · Wholesale Trade · Finance & Insurance8% information & media
Home Value Growth⬆⬆+11.9% over 2 years
Retirees23% of residentsslightly above average
Homeowners86% of occupied units
NotableAffordable Market$81k median home · lower cost than 97% of the country
Rodey
NM

Frequently Asked Questions

What are today's mortgage rates in Rodey?

As of today, the 30-year fixed mortgage rate for Rodey is approximately 6.964% (7.003% 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 Rodey?

The median home value in Rodey is $81k. The median monthly rent is $536. Annual property taxes average $387. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rodey?

Home values in Rodey have increased 11.9% 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 Rodey?

Based on a typical all-in ownership cost of $340/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $15k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rodey is $32k/year.

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What industries drive the economy in Rodey?

The largest employment sectors in Rodey are public administration (24%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.