Peak Place, NM
Population 483 · New Mexico
About Peak Place, NM
Peak Place is a small community located in New Mexico with a population of 483 residents according to the latest US Census Bureau American Community Survey data. The median household income is $50,417 per year, which is 33% below the national median of $75,149. The median age of 28.3 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Peak Place features a median home value of $13,600, which is 94% below the national median of $244,900. This makes Peak Place 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 147 total housing units, 95% are owner-occupied (139 units) and 5% are renter-occupied (8 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Peak Place shows an unemployment rate of 9.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 20.9%, above the national average of 12.4%. Workers in Peak Place have an average one-way commute time of 21.7 minutes.
Education & Demographics
14.7% of Peak Place 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 51.6% White, 26.3% Hispanic or Latino, 0.8% Black or African American, and 34.2% Asian residents, with 21.1% of the population being foreign-born.
How Peak Place Ranks in New Mexico
Cost of Living in Peak Place, NM
Compared to national averages, Peak Place has a median household income of $50,417 (33% below the national median of $75,149). Home values average $13,600, which is 94% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Mexico, Peak Place's income is 25% below the state average of $67,435, and home values are 94% below the state median of $233,762.
Why Live in Peak Place, NM?
Peak Place offers affordable housing with a median home value of $13,600, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and short commute times averaging just 21.7 minutes.
Potential considerations include median household income ($50,417) that falls below the national average. However, Peak Place’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Peak Place has a population of 483 with a median age of 28.3 years. Compare Peak Place with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Peak Place
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Tijeras | 483 | $75,398 | $250,000 | Compare |
| Mount Taylor | 482 | $110,083 | $0 | Compare |
| Cochiti | 481 | $44,688 | $207,600 | Compare |
| Homer C Jones | 480 | $0 | $0 | Compare |
| Yah-ta-hey | 480 | $42,903 | $21,400 | Compare |
| Cañada de los Alamos | 487 | $80,460 | $450,400 | Compare |
| Cuba | 476 | $0 | $134,400 | Compare |
| Placitas CDP (Doña Ana County), New Mexico | 473 | $14,907 | $0 | 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 Peak Place With Other Cities
Frequently Asked Questions about Peak Place
What is the population of Peak Place, NM?
The population of Peak Place, NM is 483 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 Peak Place?
The median household income in Peak Place, NM is $50,417 per year, which is 33% below the national median of $75,149.
What is the median home value in Peak Place?
The median home value in Peak Place, NM is $13,600, which is 94% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Peak Place?
The median monthly rent in Peak Place, NM is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Peak Place?
The unemployment rate in Peak Place, NM is 9.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Peak Place, NM a good place to live?
Peak Place offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 483 and a median age of 28.3, the city appeals to young professionals and families.
How educated is Peak Place, NM?
14.7% of residents in Peak Place 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 Peak Place?
Key cost-of-living indicators for Peak Place, NM: median home value is $13,600 (94% below national), median rent is $0/month, and median household income is $50,417. The home-value-to-income ratio is 0.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Peak Place?
The poverty rate in Peak Place, NM is 20.9%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Peak Place, NM?
Peak Place's population is 51.6% White, 26.3% Hispanic or Latino, 0.8% Black or African American, 34.2% Asian, and 0.0% two or more races. 21.1% of residents are foreign-born.