The typical owner-occupied home in Tohatchi is worth about $56,700, 77% below the New Mexico median of $248,100 and 83% below the national median of $332,700. The median household earns $48,125 a year, so the median home costs 1.2 times the median income (3.9 times for New Mexico). 66% of occupied homes here are lived in by their owners, and 3% of those owners still have a mortgage.
Tohatchi at a glance
| Tohatchi | New Mexico | U.S. | |
|---|---|---|---|
| Median home value | $56,700 | $248,100 | $332,700 |
| Median property tax paid per year | – | $1,731 | $3,119 |
| Median household income | $48,125 | $64,059 | $80,734 |
| Homes lived in by their owners | 66% | 70% | 65% |
| Owner homes with a mortgage | 3% | 52% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,564 | $1,963 |
| Median rent | $585 | $1,067 | $1,413 |
| Rent as a share of renters' income | 32.0% | 30.1% | 30.6% |
| Median year homes were built | 1988 | 1985 | 1980 |
| Vacant homes | 22.7% | 12.5% | 10.1% |
| Population | 750 | 2,120,246 | 334,922,499 |
What a typical home costs per month in Tohatchi
At this week's average 30-year rate of 7.11%, buying the median Tohatchi home of $56,700 with 20% down costs about $381 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $475, 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 $16,317 for the 20%-down payment. That payment is 9% of the median Tohatchi household income of $48,125; at that income and 20% down, the 28% guideline points to a home of about $167,000.
The median rent here is $585 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $11,340 |
|---|---|
| Loan amount | $45,360 |
| Principal and interest | $305 |
| Property taxes (1.10% a year) | $52 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| PMI | $0 |
| Total per month | $381 |
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| Down payment | $1,984 |
|---|---|
| Loan amount | $55,673 |
| Principal and interest | $375 |
| Property taxes (1.10% a year) | $52 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| FHA mortgage insurance | $25 |
| Total per month | $475 |
Change the numbers in the calculator
Questions about home buying in Tohatchi
What is the median home value in Tohatchi?
About $56,700 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 Tohatchi?
For the median home with 20% down at 7.11%, the payment is about $381 a month. Keeping that under 28% of gross income takes about $16,317 a year.
More about Tohatchi
- Mortgage Refinance in Tohatchi
- Debt Relief in Tohatchi
- Home Equity Loans in Tohatchi
- 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