The typical owner-occupied home in San Rafael is worth about $120,400, 51% below the New Mexico median of $248,100 and 64% below the national median of $332,700. Owners pay a median $763 a year in property taxes, about 0.63% of their home's value, lower than the New Mexico rate of 0.70%. The median household earns $83,423 a year, so the median home costs 1.4 times the median income (3.9 times for New Mexico). 100% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
San Rafael at a glance
| San Rafael | New Mexico | U.S. | |
|---|---|---|---|
| Median home value | $120,400 | $248,100 | $332,700 |
| Median property tax paid per year | $763 | $1,731 | $3,119 |
| Property tax as a share of value | 0.63% | 0.70% | 0.94% |
| Median household income | $83,423 | $64,059 | $80,734 |
| Homes lived in by their owners | 100% | 70% | 65% |
| Owner homes with a mortgage | 59% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,814 | $1,564 | $1,963 |
| Those costs as a share of the owners' income | 26.3% | 20.6% | 21.0% |
| Median rent | – | $1,067 | $1,413 |
| Median year homes were built | 1981 | 1985 | 1980 |
| Vacant homes | 36.6% | 12.5% | 10.1% |
| Population | 1,039 | 2,120,246 | 334,922,499 |
What a typical home costs per month in San Rafael
At this week's average 30-year rate of 7.11%, buying the median San Rafael home of $120,400 with 20% down costs about $761 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $962, 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 $32,628 for the 20%-down payment. That payment is 11% of the median San Rafael household income of $83,423; at that income and 20% down, the 28% guideline points to a home of about $308,000.
| Down payment | $24,080 |
|---|---|
| Loan amount | $96,320 |
| Principal and interest | $648 |
| Property taxes (0.63% a year) | $63 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| PMI | $0 |
| Total per month | $761 |
Change the numbers in the calculator
| Down payment | $4,214 |
|---|---|
| Loan amount | $118,219 |
| Principal and interest | $795 |
| Property taxes (0.63% a year) | $63 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| FHA mortgage insurance | $53 |
| Total per month | $962 |
Change the numbers in the calculator
Questions about home buying in San Rafael
What is the median home value in San Rafael?
About $120,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in San Rafael?
Homeowners pay a median $763 a year, which is about 0.63% 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 San Rafael?
For the median home with 20% down at 7.11%, the payment is about $761 a month. Keeping that under 28% of gross income takes about $32,628 a year.
More about San Rafael
- Mortgage Refinance in San Rafael
- Debt Relief in San Rafael
- Home Equity Loans in San Rafael
- 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