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Ute Park

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

Median Home$265,400
Median Rent$630/month
Population62
Leading IndustriesEducation · Wholesale Trade · Transportation3% education
Home Value Growth+7.5% over 2 years
Young Adults33% of residentswell above average
Homeowners74% of occupied units
Ute Park
NM

Frequently Asked Questions

What are today's mortgage rates in Ute Park?

As of today, the 30-year fixed mortgage rate for Ute Park is approximately 6.944% (6.982% 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 Ute Park?

The median home value in Ute Park is $265k. The median monthly rent is $630. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ute Park?

Home values in Ute Park have increased 7.5% over the past two years. This represents moderate growth. 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 Ute Park?

Based on a typical all-in ownership cost of $688/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ute Park is $55k/year.

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What industries drive the economy in Ute Park?

The largest employment sectors in Ute Park are public administration (19%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.