Taos County, NM real estate

What the numbers say

Taos County, NM real estate at a glance

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

Homeowners in Taos County pay a median of $1,129 a year in property taxes on a median home value of $382,800, an effective rate of about 0.29%. The New Mexico average is 0.70%, which makes Taos County the #1 lowest-tax of 33 counties in the state with published tax data.

Renters pay a median of $1,034 a month, and $987 for a two-bedroom. At today's prices a typical home costs about 31 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 $383,000 home here comes to about $2,341 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $100,000 a year (the median household here earns $58,950).