The typical owner-occupied home in Arenas Valley is worth about $189,900, 23% below the New Mexico median of $248,100 and 43% below the national median of $332,700. The median household earns $44,300 a year, so the median home costs 4.3 times the median income (3.9 times for New Mexico). 75% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Arenas Valley at a glance
| Arenas Valley | New Mexico | U.S. | |
|---|---|---|---|
| Median home value | $189,900 | $248,100 | $332,700 |
| Median property tax paid per year | – | $1,731 | $3,119 |
| Median household income | $44,300 | $64,059 | $80,734 |
| Homes lived in by their owners | 75% | 70% | 65% |
| Owner homes with a mortgage | 43% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,340 | $1,564 | $1,963 |
| Those costs as a share of the owners' income | 10.4% | 20.6% | 21.0% |
| Median rent | – | $1,067 | $1,413 |
| Rent as a share of renters' income | 28.1% | 30.1% | 30.6% |
| Median year homes were built | 1991 | 1985 | 1980 |
| Vacant homes | 22.0% | 12.5% | 10.1% |
| Population | 1,247 | 2,120,246 | 334,922,499 |
What a typical home costs per month in Arenas Valley
At this week's average 30-year rate of 7.11%, buying the median Arenas Valley home of $189,900 with 20% down costs about $1,275 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,592, 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 $54,651 for the 20%-down payment. That payment is 35% of the median Arenas Valley household income of $44,300; at that income and 20% down, the 28% guideline points to a home of about $154,000.
| Down payment | $37,980 |
|---|---|
| Loan amount | $151,920 |
| Principal and interest | $1,022 |
| Property taxes (1.10% a year) | $174 |
| Homeowners insurance (our estimate, 0.5% a year) | $79 |
| PMI | $0 |
| Total per month | $1,275 |
Change the numbers in the calculator
| Down payment | $6,646 |
|---|---|
| Loan amount | $186,460 |
| Principal and interest | $1,254 |
| Property taxes (1.10% a year) | $174 |
| Homeowners insurance (our estimate, 0.5% a year) | $79 |
| FHA mortgage insurance | $84 |
| Total per month | $1,592 |
Change the numbers in the calculator
Questions about home buying in Arenas Valley
What is the median home value in Arenas Valley?
About $189,900 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 Arenas Valley?
For the median home with 20% down at 7.11%, the payment is about $1,275 a month. Keeping that under 28% of gross income takes about $54,651 a year.
More about Arenas Valley
- Mortgage Refinance in Arenas Valley
- Debt Relief in Arenas Valley
- Home Equity Loans in Arenas Valley
- 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