The typical owner-occupied home in Pinos Altos is worth about $282,500, 14% above the New Mexico median of $248,100 and 15% below the national median of $332,700. Owners pay a median $1,325 a year in property taxes, about 0.47% of their home's value, lower than the New Mexico rate of 0.70%. 60% of occupied homes here are lived in by their owners, and 74% of those owners still have a mortgage.
Pinos Altos at a glance
| Pinos Altos | New Mexico | U.S. | |
|---|---|---|---|
| Median home value | $282,500 | $248,100 | $332,700 |
| Median property tax paid per year | $1,325 | $1,731 | $3,119 |
| Property tax as a share of value | 0.47% | 0.70% | 0.94% |
| Median household income | – | $64,059 | $80,734 |
| Homes lived in by their owners | 60% | 70% | 65% |
| Owner homes with a mortgage | 74% | 52% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,564 | $1,963 |
| Median rent | – | $1,067 | $1,413 |
| Median year homes were built | 2004 | 1985 | 1980 |
| Vacant homes | 0.0% | 12.5% | 10.1% |
| Population | 113 | 2,120,246 | 334,922,499 |
What a typical home costs per month in Pinos Altos
At this week's average 30-year rate of 7.11%, buying the median Pinos Altos home of $282,500 with 20% down costs about $1,749 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,219, 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 $74,943 for the 20%-down payment.
| Down payment | $56,500 |
|---|---|
| Loan amount | $226,000 |
| Principal and interest | $1,520 |
| Property taxes (0.47% a year) | $111 |
| Homeowners insurance (our estimate, 0.5% a year) | $118 |
| PMI | $0 |
| Total per month | $1,749 |
Change the numbers in the calculator
| Down payment | $9,888 |
|---|---|
| Loan amount | $277,383 |
| Principal and interest | $1,866 |
| Property taxes (0.47% a year) | $111 |
| Homeowners insurance (our estimate, 0.5% a year) | $118 |
| FHA mortgage insurance | $125 |
| Total per month | $2,219 |
Change the numbers in the calculator
Questions about home buying in Pinos Altos
What is the median home value in Pinos Altos?
About $282,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Pinos Altos?
Homeowners pay a median $1,325 a year, which is about 0.47% 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 Pinos Altos?
For the median home with 20% down at 7.11%, the payment is about $1,749 a month. Keeping that under 28% of gross income takes about $74,943 a year.
More about Pinos Altos
- Mortgage Refinance in Pinos Altos
- Debt Relief in Pinos Altos
- Home Equity Loans in Pinos Altos
- 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