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Buying a home in Mosquero, New Mexico

The typical owner-occupied home in Mosquero is worth about $103,100, 58% below the New Mexico median of $248,100 and 69% below the national median of $332,700. Owners pay a median $275 a year in property taxes, about 0.27% of their home's value, lower than the New Mexico rate of 0.70%. 93% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.

Mosquero at a glance

Mosquero New Mexico U.S.
Median home value $103,100 $248,100 $332,700
Median property tax paid per year $275 $1,731 $3,119
Property tax as a share of value 0.27% 0.70% 0.94%
Median household income – $64,059 $80,734
Homes lived in by their owners 93% 70% 65%
Owner homes with a mortgage 0% 52% 61%
Median monthly costs, owners with a mortgage – $1,564 $1,963
Median rent – $1,067 $1,413
Median year homes were built 1938 1985 1980
Vacant homes 77.3% 12.5% 10.1%
Population 25 2,120,246 334,922,499

What a typical home costs per month in Mosquero

At this week's average 30-year rate of 7.11%, buying the median Mosquero home of $103,100 with 20% down costs about $621 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $793, 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 $26,615 for the 20%-down payment.

20% down, 30-year conventional loan
Down payment$20,620
Loan amount$82,480
Principal and interest$555
Property taxes (0.27% a year)$23
Homeowners insurance (our estimate, 0.5% a year)$43
PMI$0
Total per month$621

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3.5% down, 30-year FHA loan
Down payment$3,608
Loan amount$101,233
Principal and interest$681
Property taxes (0.27% a year)$23
Homeowners insurance (our estimate, 0.5% a year)$43
FHA mortgage insurance$46
Total per month$793

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Questions about home buying in Mosquero

What is the median home value in Mosquero?

About $103,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.

How much are property taxes in Mosquero?

Homeowners pay a median $275 a year, which is about 0.27% 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 Mosquero?

For the median home with 20% down at 7.11%, the payment is about $621 a month. Keeping that under 28% of gross income takes about $26,615 a year.

More about Mosquero

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