Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Sombrillo

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

Median Home$231,265
Median Rent$1,067/month
Population321
Leading IndustriesWholesale Trade · Information & Media · Education14% wholesale trade
Home Value Growth⬆⬆⬆+27.7% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners74% of occupied units
Sombrillo
NM

Frequently Asked Questions

What are today's mortgage rates in Sombrillo?

As of today, the 30-year fixed mortgage rate for Sombrillo 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.

View current rates for Sombrillo
What is the median home price in Sombrillo?

The median home value in Sombrillo is $231k. The median monthly rent is $1,067. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sombrillo?

Home values in Sombrillo have increased 27.7% 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 Sombrillo?

Based on a typical all-in ownership cost of $560/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $24k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sombrillo is $60k/year.

Calculate your buying power
What industries drive the economy in Sombrillo?

The largest employment sectors in Sombrillo are public administration (24%) and wholesale trade (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.