The typical owner-occupied home in Radium Springs is worth about $136,100, 45% below the New Mexico median of $248,100 and 59% below the national median of $332,700. Owners pay a median $913 a year in property taxes, about 0.67% of their home's value, close to the New Mexico rate of 0.70%. The median household earns $43,836 a year, so the median home costs 3.1 times the median income (3.9 times for New Mexico). 75% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Radium Springs at a glance
| Radium Springs | New Mexico | U.S. | |
|---|---|---|---|
| Median home value | $136,100 | $248,100 | $332,700 |
| Median property tax paid per year | $913 | $1,731 | $3,119 |
| Property tax as a share of value | 0.67% | 0.70% | 0.94% |
| Median household income | $43,836 | $64,059 | $80,734 |
| Homes lived in by their owners | 75% | 70% | 65% |
| Owner homes with a mortgage | 64% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,131 | $1,564 | $1,963 |
| Those costs as a share of the owners' income | 20.0% | 20.6% | 21.0% |
| Median rent | – | $1,067 | $1,413 |
| Rent as a share of renters' income | 31.9% | 30.1% | 30.6% |
| Median year homes were built | 1994 | 1985 | 1980 |
| Vacant homes | 0.0% | 12.5% | 10.1% |
| Population | 1,908 | 2,120,246 | 334,922,499 |
What a typical home costs per month in Radium Springs
At this week's average 30-year rate of 7.11%, buying the median Radium Springs home of $136,100 with 20% down costs about $865 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,092, 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 $37,077 for the 20%-down payment. That payment is 24% of the median Radium Springs household income of $43,836; at that income and 20% down, the 28% guideline points to a home of about $161,000.
| Down payment | $27,220 |
|---|---|
| Loan amount | $108,880 |
| Principal and interest | $732 |
| Property taxes (0.67% a year) | $76 |
| Homeowners insurance (our estimate, 0.5% a year) | $57 |
| PMI | $0 |
| Total per month | $865 |
Change the numbers in the calculator
| Down payment | $4,764 |
|---|---|
| Loan amount | $133,635 |
| Principal and interest | $899 |
| Property taxes (0.67% a year) | $76 |
| Homeowners insurance (our estimate, 0.5% a year) | $57 |
| FHA mortgage insurance | $60 |
| Total per month | $1,092 |
Change the numbers in the calculator
Questions about home buying in Radium Springs
What is the median home value in Radium Springs?
About $136,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Radium Springs?
Homeowners pay a median $913 a year, which is about 0.67% 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 Radium Springs?
For the median home with 20% down at 7.11%, the payment is about $865 a month. Keeping that under 28% of gross income takes about $37,077 a year.
More about Radium Springs
- Mortgage Refinance in Radium Springs
- Debt Relief in Radium Springs
- Home Equity Loans in Radium Springs
- 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