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San Miguel County

Learn about the people, housing, costs and businesses in San Miguel County County

Median Home$184,104
Median Rent$772/month
Population26,850
Leading IndustryPublic Administration40% of local workforce
Home Value Growthโฌ†โฌ†+16.0% over 2 years
Retirees26% of residentsabove average nationally
Homeowners73% of occupied units
San Miguel County
NM

Frequently Asked Questions

What are today's mortgage rates in San Miguel County?โ€บ

As of today, the 30-year fixed mortgage rate for San Miguel County is approximately 7.163% (7.192% 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 San Miguel County?โ€บ

The median home value in San Miguel County is $184k. The median monthly rent is $772. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in San Miguel County?โ€บ

Home values in San Miguel County have increased 16.0% 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 San Miguel County?โ€บ

Based on a typical all-in ownership cost of $645/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income โ€” a common lender guideline. The median household income in San Miguel County is $51k/year.

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What industries drive the economy in San Miguel County?โ€บ

The largest employment sectors in San Miguel County are public administration (40%) and healthcare (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

๐Ÿ—บ๏ธ Nearby Areas

Adjacent counties and areas