Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Timberlake

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

Median Home$153,334
Median Rent$1,340/month
Population155
Leading IndustriesPublic Administration · Wholesale Trade · Construction41% public administration
Home Value Growth⬆⬆+13.5% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners70% of occupied units
NotableTransit79/100 · excellent transit access
Timberlake
NM

Frequently Asked Questions

What are today's mortgage rates in Timberlake?

As of today, the 30-year fixed mortgage rate for Timberlake 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 Timberlake
What is the median home price in Timberlake?

The median home value in Timberlake is $153k. The median monthly rent is $1,340. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Timberlake?

Home values in Timberlake have increased 13.5% 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 Timberlake?

Based on a typical all-in ownership cost of $1,212/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $52k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Timberlake is $83k/year.

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

The largest employment sectors in Timberlake are public administration (41%) and wholesale trade (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.