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Tome

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

Median Home$274,786
Median Rent$1,110/month
Population1,788
Leading IndustriesArts, Food & Hospitality · Healthcare · Finance & Insurance9% arts, food & hospitality
Home Value Growth⬆⬆⬆+22.9% over 2 years
Young Adults29% of residentsslightly above average
Homeowners91% of occupied units
NotableHigh Incomes$96k/year · top 20% nationally
Tome
NM

Frequently Asked Questions

What are today's mortgage rates in Tome?

As of today, the 30-year fixed mortgage rate for Tome is approximately 6.978% (7.017% 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 Tome?

The median home value in Tome is $275k. The median monthly rent is $1,110. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Tome?

Home values in Tome have increased 22.9% 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 Tome?

Based on a typical all-in ownership cost of $1,007/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Tome is $96k/year.

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What industries drive the economy in Tome?

The largest employment sectors in Tome are public administration (25%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.