Sierra County, NM real estate

What the numbers say

Sierra County, NM real estate at a glance

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

Homeowners in Sierra County pay a median of $789 a year in property taxes on a median home value of $152,600, an effective rate of about 0.52%. The New Mexico average is 0.70%, which makes Sierra County the #13 lowest-tax of 33 counties in the state with published tax data.

Renters pay a median of $729 a month, and $747 for a two-bedroom. At today's prices a typical home costs about 17 times a year's rent.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $153,000 home here comes to about $961 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $41,000 a year (the median household here earns $41,600).