The typical owner-occupied home in Ramah is worth about $165,400, 33% below the New Mexico median of $248,100 and 50% below the national median of $332,700. The median household earns $112,564 a year, so the median home costs 1.5 times the median income (3.9 times for New Mexico). 33% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.
Ramah at a glance
| Ramah | New Mexico | U.S. | |
|---|---|---|---|
| Median home value | $165,400 | $248,100 | $332,700 |
| Median property tax paid per year | – | $1,731 | $3,119 |
| Median household income | $112,564 | $64,059 | $80,734 |
| Homes lived in by their owners | 33% | 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 | 1969 | 1985 | 1980 |
| Vacant homes | 24.4% | 12.5% | 10.1% |
| Population | 407 | 2,120,246 | 334,922,499 |
What a typical home costs per month in Ramah
At this week's average 30-year rate of 7.11%, buying the median Ramah home of $165,400 with 20% down costs about $1,111 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,386, 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 $47,600 for the 20%-down payment. That payment is 12% of the median Ramah household income of $112,564; at that income and 20% down, the 28% guideline points to a home of about $391,000.
| Down payment | $33,080 |
|---|---|
| Loan amount | $132,320 |
| Principal and interest | $890 |
| Property taxes (1.10% a year) | $152 |
| Homeowners insurance (our estimate, 0.5% a year) | $69 |
| PMI | $0 |
| Total per month | $1,111 |
Change the numbers in the calculator
| Down payment | $5,789 |
|---|---|
| Loan amount | $162,404 |
| Principal and interest | $1,092 |
| Property taxes (1.10% a year) | $152 |
| Homeowners insurance (our estimate, 0.5% a year) | $69 |
| FHA mortgage insurance | $73 |
| Total per month | $1,386 |
Change the numbers in the calculator
Questions about home buying in Ramah
What is the median home value in Ramah?
About $165,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Ramah?
For the median home with 20% down at 7.11%, the payment is about $1,111 a month. Keeping that under 28% of gross income takes about $47,600 a year.
More about Ramah
- Mortgage Refinance in Ramah
- Debt Relief in Ramah
- Home Equity Loans in Ramah
- 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