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Talpa

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

Median Home$422,300
Median Rent$936/month
Population876
Leading IndustriesProfessional Services · Public Administration · Wholesale Trade6% professional services
Home Value Growth⬆⬆⬆+27.6% over 2 years
Retirees37% of residentstop 2% nationally
Homeowners82% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Talpa
NM

Frequently Asked Questions

What are today's mortgage rates in Talpa?

As of today, the 30-year fixed mortgage rate for Talpa 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 Talpa?

The median home value in Talpa is $422k. The median monthly rent is $936. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Talpa?

Home values in Talpa have increased 27.6% 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 Talpa?

Based on a typical all-in ownership cost of $832/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Talpa is $46k/year.

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What industries drive the economy in Talpa?

The largest employment sectors in Talpa are public administration (30%) and wholesale trade (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.