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Truchas

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

Median Home$262,002
Median Rent$908/month
Population436
Leading IndustriesFinance & Insurance · Education · Information & Media6% finance & insurance
Home Value Growth⬆⬆+18.1% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners81% of occupied units
Truchas
NM

Frequently Asked Questions

What are today's mortgage rates in Truchas?

As of today, the 30-year fixed mortgage rate for Truchas is approximately 6.784% (6.816% 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 Truchas?

The median home value in Truchas is $262k. The median monthly rent is $908. Annual property taxes average $918. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Truchas?

Home values in Truchas have increased 18.1% 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 Truchas?

Based on a typical all-in ownership cost of $661/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Truchas is $61k/year.

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What industries drive the economy in Truchas?

The largest employment sectors in Truchas are public administration (19%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.