The typical owner-occupied home in Luna is worth about $11,100, 96% below the New Mexico median of $248,100 and 97% below the national median of $332,700. Owners pay a median $219 a year in property taxes, about 1.97% of their home's value, higher than the New Mexico rate of 0.70%. The median household earns $25,526 a year, so the median home costs 0.4 times the median income (3.9 times for New Mexico). 100% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.
Luna at a glance
| Luna | New Mexico | U.S. | |
|---|---|---|---|
| Median home value | $11,100 | $248,100 | $332,700 |
| Median property tax paid per year | $219 | $1,731 | $3,119 |
| Property tax as a share of value | 1.97% | 0.70% | 0.94% |
| Median household income | $25,526 | $64,059 | $80,734 |
| Homes lived in by their owners | 100% | 70% | 65% |
| Owner homes with a mortgage | 0% | 52% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,564 | $1,963 |
| Median rent | – | $1,067 | $1,413 |
| Median year homes were built | 1979 | 1985 | 1980 |
| Vacant homes | 64.8% | 12.5% | 10.1% |
| Population | 72 | 2,120,246 | 334,922,499 |
What a typical home costs per month in Luna
At this week's average 30-year rate of 7.11%, buying the median Luna home of $11,100 with 20% down costs about $83 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $101, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $3,540 for the 20%-down payment. That payment is 4% of the median Luna household income of $25,526; at that income and 20% down, the 28% guideline points to a home of about $80,000.
| Down payment | $2,220 |
|---|---|
| Loan amount | $8,880 |
| Principal and interest | $60 |
| Property taxes (1.97% a year) | $18 |
| Homeowners insurance (our estimate, 0.5% a year) | $5 |
| PMI | $0 |
| Total per month | $83 |
Change the numbers in the calculator
| Down payment | $388 |
|---|---|
| Loan amount | $10,899 |
| Principal and interest | $73 |
| Property taxes (1.97% a year) | $18 |
| Homeowners insurance (our estimate, 0.5% a year) | $5 |
| FHA mortgage insurance | $5 |
| Total per month | $101 |
Change the numbers in the calculator
Questions about home buying in Luna
What is the median home value in Luna?
About $11,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Luna?
Homeowners pay a median $219 a year, which is about 1.97% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Luna?
For the median home with 20% down at 7.11%, the payment is about $83 a month. Keeping that under 28% of gross income takes about $3,540 a year.
More about Luna
- Mortgage Refinance in Luna
- Debt Relief in Luna
- Home Equity Loans in Luna
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data