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Rowe

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

Median Home$159,844
Median Rent$953/month
Population302
Leading IndustriesHealthcare · Finance & Insurance · Education13% healthcare
Home Value Growth⬆⬆+12.8% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners86% of occupied units
Rowe
NM

Frequently Asked Questions

What are today's mortgage rates in Rowe?

As of today, the 30-year fixed mortgage rate for Rowe is approximately 6.933% (6.970% 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 Rowe?

The median home value in Rowe is $160k. The median monthly rent is $953. Annual property taxes average $840. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rowe?

Home values in Rowe have increased 12.8% 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 Rowe?

Based on a typical all-in ownership cost of $489/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $21k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rowe is $46k/year.

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What industries drive the economy in Rowe?

The largest employment sectors in Rowe are public administration (23%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.