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Vado

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

Median Home$100,999
Median Rent$759/month
Population2,811
Leading IndustriesWholesale Trade · Manufacturing · Agriculture & Mining26% wholesale trade
Home Value Growth⬆⬆+11.9% over 2 years
Family-Friendly33% of residentstop 2% nationally
Homeowners67% of occupied units
NotableAffordable Market$101k median home · lower cost than 92% of the country
Vado
NM

Frequently Asked Questions

What are today's mortgage rates in Vado?

As of today, the 30-year fixed mortgage rate for Vado is approximately 6.818% (6.851% 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 Vado?

The median home value in Vado is $101k. The median monthly rent is $759. Annual property taxes average $409. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Vado?

Home values in Vado have increased 11.9% 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 Vado?

Based on a typical all-in ownership cost of $491/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $21k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Vado is $37k/year.

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What industries drive the economy in Vado?

The largest employment sectors in Vado are wholesale trade (26%) and public administration (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.