The typical owner-occupied home in Vaughn is worth about $34,300, 86% below the New Mexico median of $248,100 and 90% below the national median of $332,700. Owners pay a median $300 a year in property taxes, about 0.87% of their home's value, higher than the New Mexico rate of 0.70%. The median household earns $29,135 a year, so the median home costs 1.2 times the median income (3.9 times for New Mexico). 71% of occupied homes here are lived in by their owners, and 8% of those owners still have a mortgage.
Vaughn at a glance
| Vaughn | New Mexico | U.S. | |
|---|---|---|---|
| Median home value | $34,300 | $248,100 | $332,700 |
| Median property tax paid per year | $300 | $1,731 | $3,119 |
| Property tax as a share of value | 0.87% | 0.70% | 0.94% |
| Median household income | $29,135 | $64,059 | $80,734 |
| Homes lived in by their owners | 71% | 70% | 65% |
| Owner homes with a mortgage | 8% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,089 | $1,564 | $1,963 |
| Those costs as a share of the owners' income | 18.2% | 20.6% | 21.0% |
| Median rent | $437 | $1,067 | $1,413 |
| Rent as a share of renters' income | 19.6% | 30.1% | 30.6% |
| Median year homes were built | 1961 | 1985 | 1980 |
| Vacant homes | 34.1% | 12.5% | 10.1% |
| Population | 493 | 2,120,246 | 334,922,499 |
What a typical home costs per month in Vaughn
At this week's average 30-year rate of 7.11%, buying the median Vaughn home of $34,300 with 20% down costs about $224 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $281, 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 $9,589 for the 20%-down payment. That payment is 9% of the median Vaughn household income of $29,135; at that income and 20% down, the 28% guideline points to a home of about $104,000.
The median rent here is $437 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $6,860 |
|---|---|
| Loan amount | $27,440 |
| Principal and interest | $185 |
| Property taxes (0.87% a year) | $25 |
| Homeowners insurance (our estimate, 0.5% a year) | $14 |
| PMI | $0 |
| Total per month | $224 |
Change the numbers in the calculator
| Down payment | $1,200 |
|---|---|
| Loan amount | $33,679 |
| Principal and interest | $227 |
| Property taxes (0.87% a year) | $25 |
| Homeowners insurance (our estimate, 0.5% a year) | $14 |
| FHA mortgage insurance | $15 |
| Total per month | $281 |
Change the numbers in the calculator
Questions about home buying in Vaughn
What is the median home value in Vaughn?
About $34,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Vaughn?
Homeowners pay a median $300 a year, which is about 0.87% 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 Vaughn?
For the median home with 20% down at 7.11%, the payment is about $224 a month. Keeping that under 28% of gross income takes about $9,589 a year.
More about Vaughn
- Mortgage Refinance in Vaughn
- Debt Relief in Vaughn
- Home Equity Loans in Vaughn
- 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