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Tucumcari

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

Median Home$85,314
Median Rent$905/month
Population5,432
Leading IndustriesFinance & Insurance · Information & Media · Manufacturing10% finance & insurance
Home Value Growth⬆⬆⬆+37.2% over 2 years
Young Adults24% of residents
Homeowners71% of occupied units
NotableVeteran Community13% of residents · top 4% nationally
Tucumcari
NM

Frequently Asked Questions

What are today's mortgage rates in Tucumcari?

As of today, the 30-year fixed mortgage rate for Tucumcari is approximately 7.379% (7.432% 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 Tucumcari?

The median home value in Tucumcari is $85k. The median monthly rent is $905. Annual property taxes average $606. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Tucumcari?

Home values in Tucumcari have increased 37.2% 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 Tucumcari?

Based on a typical all-in ownership cost of $642/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 Tucumcari is $45k/year.

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What industries drive the economy in Tucumcari?

The largest employment sectors in Tucumcari are public administration (29%) and information and media (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.