De Baca County, NM real estate

What the numbers say

De Baca County, NM real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

Homeowners in De Baca County pay a median of $1,118 a year in property taxes on a median home value of $187,500, an effective rate of about 0.60%. The New Mexico average is 0.70%, which makes De Baca County the #21 lowest-tax of 33 counties in the state with published tax data.

Renters pay a median of $387 a month. At today's prices a typical home costs about 40 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $188,000 home here comes to about $1,194 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $51,000 a year.