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Torrance County

Learn about the people, housing, costs and businesses in Torrance County County

Median Home$149,354
Median Rent$849/month
Population15,490
Leading IndustriesEducation · Information & Media · Wholesale Trade3% education
Home Value Growth⬆⬆⬆+23.5% over 2 years
Retirees23% of residentsslightly above average
Homeowners82% of occupied units
NotableVeteran Community11% of residents · top 7% nationally
Torrance County
NM

Frequently Asked Questions

What are today's mortgage rates in Torrance County?

As of today, the 30-year fixed mortgage rate for Torrance County is approximately 7.212% (7.243% 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 Torrance County
What is the median home price in Torrance County?

The median home value in Torrance County is $149k. The median monthly rent is $849. Annual property taxes average $712. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Torrance County?

Home values in Torrance County have increased 23.5% 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 Torrance County?

Based on a typical all-in ownership cost of $735/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Torrance County is $57k/year.

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What industries drive the economy in Torrance County?

The largest employment sectors in Torrance County are public administration (20%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas