The typical owner-occupied home in Berino is worth about $105,100, 58% below the New Mexico median of $248,100 and 68% below the national median of $332,700. Owners pay a median $560 a year in property taxes, about 0.53% of their home's value, lower than the New Mexico rate of 0.70%. The median household earns $39,907 a year, so the median home costs 2.6 times the median income (3.9 times for New Mexico). 93% of occupied homes here are lived in by their owners, and 35% of those owners still have a mortgage.
Berino at a glance
| Berino | New Mexico | U.S. | |
|---|---|---|---|
| Median home value | $105,100 | $248,100 | $332,700 |
| Median property tax paid per year | $560 | $1,731 | $3,119 |
| Property tax as a share of value | 0.53% | 0.70% | 0.94% |
| Median household income | $39,907 | $64,059 | $80,734 |
| Homes lived in by their owners | 93% | 70% | 65% |
| Owner homes with a mortgage | 35% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,156 | $1,564 | $1,963 |
| Those costs as a share of the owners' income | 26.1% | 20.6% | 21.0% |
| Median rent | – | $1,067 | $1,413 |
| Median year homes were built | 1995 | 1985 | 1980 |
| Vacant homes | 7.8% | 12.5% | 10.1% |
| Population | 1,454 | 2,120,246 | 334,922,499 |
What a typical home costs per month in Berino
At this week's average 30-year rate of 7.11%, buying the median Berino home of $105,100 with 20% down costs about $656 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $831, 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 $28,107 for the 20%-down payment. That payment is 20% of the median Berino household income of $39,907; at that income and 20% down, the 28% guideline points to a home of about $149,000.
| Down payment | $21,020 |
|---|---|
| Loan amount | $84,080 |
| Principal and interest | $566 |
| Property taxes (0.53% a year) | $46 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| PMI | $0 |
| Total per month | $656 |
Change the numbers in the calculator
| Down payment | $3,678 |
|---|---|
| Loan amount | $103,196 |
| Principal and interest | $694 |
| Property taxes (0.53% a year) | $46 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| FHA mortgage insurance | $46 |
| Total per month | $831 |
Change the numbers in the calculator
Questions about home buying in Berino
What is the median home value in Berino?
About $105,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Berino?
Homeowners pay a median $560 a year, which is about 0.53% 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 Berino?
For the median home with 20% down at 7.11%, the payment is about $656 a month. Keeping that under 28% of gross income takes about $28,107 a year.
More about Berino
- Mortgage Refinance in Berino
- Debt Relief in Berino
- Home Equity Loans in Berino
- 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