Harding County, NM real estate

What the numbers say

Harding County, NM real estate at a glance

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

Homeowners in Harding County pay a median of $305 a year in property taxes on a median home value of $70,000, an effective rate of about 0.44%. The New Mexico average is 0.70%, which makes Harding County the #4 lowest-tax of 33 counties in the state with published tax data.

Renters pay a median of $1,038 a month, and $742 for a two-bedroom. At today's prices a typical home costs about 6 times a year's rent, which generally favors buying.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $70,000 home here comes to about $436 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $19,000 a year (the median household here earns $48,553).