The typical owner-occupied home in Cliff is worth about $220,800, 11% below the New Mexico median of $248,100 and 34% below the national median of $332,700. Owners pay a median $1,060 a year in property taxes, about 0.48% of their home's value, lower than the New Mexico rate of 0.70%. The median household earns $47,969 a year, so the median home costs 4.6 times the median income (3.9 times for New Mexico). 92% of occupied homes here are lived in by their owners, and 24% of those owners still have a mortgage.
Cliff at a glance
| Cliff | New Mexico | U.S. | |
|---|---|---|---|
| Median home value | $220,800 | $248,100 | $332,700 |
| Median property tax paid per year | $1,060 | $1,731 | $3,119 |
| Property tax as a share of value | 0.48% | 0.70% | 0.94% |
| Median household income | $47,969 | $64,059 | $80,734 |
| Homes lived in by their owners | 92% | 70% | 65% |
| Owner homes with a mortgage | 24% | 52% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,564 | $1,963 |
| Median rent | – | $1,067 | $1,413 |
| Median year homes were built | 1992 | 1985 | 1980 |
| Vacant homes | 35.4% | 12.5% | 10.1% |
| Population | 106 | 2,120,246 | 334,922,499 |
What a typical home costs per month in Cliff
At this week's average 30-year rate of 7.11%, buying the median Cliff home of $220,800 with 20% down costs about $1,369 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,736, 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 $58,654 for the 20%-down payment. That payment is 34% of the median Cliff household income of $47,969; at that income and 20% down, the 28% guideline points to a home of about $181,000.
| Down payment | $44,160 |
|---|---|
| Loan amount | $176,640 |
| Principal and interest | $1,188 |
| Property taxes (0.48% a year) | $88 |
| Homeowners insurance (our estimate, 0.5% a year) | $92 |
| PMI | $0 |
| Total per month | $1,369 |
Change the numbers in the calculator
| Down payment | $7,728 |
|---|---|
| Loan amount | $216,801 |
| Principal and interest | $1,458 |
| Property taxes (0.48% a year) | $88 |
| Homeowners insurance (our estimate, 0.5% a year) | $92 |
| FHA mortgage insurance | $98 |
| Total per month | $1,736 |
Change the numbers in the calculator
Questions about home buying in Cliff
What is the median home value in Cliff?
About $220,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cliff?
Homeowners pay a median $1,060 a year, which is about 0.48% 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 Cliff?
For the median home with 20% down at 7.11%, the payment is about $1,369 a month. Keeping that under 28% of gross income takes about $58,654 a year.
More about Cliff
- Mortgage Refinance in Cliff
- Debt Relief in Cliff
- Home Equity Loans in Cliff
- 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