Las Palomas, NM
Population 332 · New Mexico
About Las Palomas, NM
Las Palomas is a small community located in New Mexico with a population of 332 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 63.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Las Palomas features a median home value of $104,200, which is 57% below the national median of $244,900. This makes Las Palomas one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 145 total housing units, 81% are owner-occupied (117 units) and 19% are renter-occupied (28 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Las Palomas shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Las Palomas have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
0.0% of Las Palomas residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 6.9% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 9.0% of the population being foreign-born.
Cost of Living in Las Palomas, NM
Compared to national averages, Las Palomas has a median household income of $0 (100% below the national median of $75,149). Home values average $104,200, which is 57% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Mexico, Las Palomas's income is 100% below the state average of $67,435, and home values are 55% below the state median of $233,762.
Why Live in Las Palomas, NM?
Las Palomas offers affordable housing with a median home value of $104,200, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($0) that falls below the national average. However, Las Palomas’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Las Palomas has a population of 332 with a median age of 63.7 years. Compare Las Palomas with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Las Palomas
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Highland Meadows | 332 | $0 | $130,500 | Compare |
| Cuyamungue Grant | 331 | $96,786 | $401,900 | Compare |
| San Pedro | 331 | $72,303 | $432,100 | Compare |
| La Tierra | 329 | $0 | $976,200 | Compare |
| Hyde Park | 338 | $182,446 | $1,100,000 | Compare |
| North Acomita Village | 338 | $43,000 | $52,700 | Compare |
| Paguate | 325 | $0 | $0 | Compare |
| Ribera | 324 | $53,250 | $186,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Mexico
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Las Palomas With Other Cities
Frequently Asked Questions about Las Palomas
What is the population of Las Palomas, NM?
The population of Las Palomas, NM is 332 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New Mexico.
What is the median household income in Las Palomas?
The median household income in Las Palomas, NM is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Las Palomas?
The median home value in Las Palomas, NM is $104,200, which is 57% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Las Palomas?
The median monthly rent in Las Palomas, NM is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Las Palomas?
The unemployment rate in Las Palomas, NM is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Las Palomas, NM a good place to live?
Las Palomas offers a moderate cost of living, affordable housing, and a strong job market. With a population of 332 and a median age of 63.7, the city appeals to established professionals and retirees.
How educated is Las Palomas, NM?
0.0% of residents in Las Palomas aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Las Palomas?
Key cost-of-living indicators for Las Palomas, NM: median home value is $104,200 (57% below national), median rent is $0/month, and median household income is $0. The home-value-to-income ratio is Infinityx, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Las Palomas?
The poverty rate in Las Palomas, NM is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Las Palomas, NM?
Las Palomas's population is 6.9% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 9.0% of residents are foreign-born.