The typical owner-occupied home in Mora County is worth about $122,600, 51% below the New Mexico median of $248,100 and 63% below the national median of $332,700. Owners pay a median $885 a year in property taxes, about 0.72% of their home's value, close to the New Mexico rate of 0.70%. The median household earns $53,663 a year, so the median home costs 2.3 times the median income (3.9 times for New Mexico). 87% of occupied homes here are lived in by their owners, and 16% of those owners still have a mortgage.
Mora County at a glance
| Mora County | New Mexico | U.S. | |
|---|---|---|---|
| Median home value | $122,600 | $248,100 | $332,700 |
| Median property tax paid per year | $885 | $1,731 | $3,119 |
| Property tax as a share of value | 0.72% | 0.70% | 0.94% |
| Median household income | $53,663 | $64,059 | $80,734 |
| Homes lived in by their owners | 87% | 70% | 65% |
| Owner homes with a mortgage | 16% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,410 | $1,564 | $1,963 |
| Those costs as a share of the owners' income | 22.6% | 20.6% | 21.0% |
| Median rent | $887 | $1,067 | $1,413 |
| Rent as a share of renters' income | 18.7% | 30.1% | 30.6% |
| Median year homes were built | 1983 | 1985 | 1980 |
| Vacant homes | 32.7% | 12.5% | 10.1% |
| Population | 4,149 | 2,120,246 | 334,922,499 |
What a typical home costs per month in Mora County
At this week's average 30-year rate of 7.11%, buying the median Mora County home of $122,600 with 20% down costs about $784 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $989, 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 $33,618 for the 20%-down payment. That payment is 18% of the median Mora County household income of $53,663; at that income and 20% down, the 28% guideline points to a home of about $196,000.
The median rent here is $887 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $24,520 |
|---|---|
| Loan amount | $98,080 |
| Principal and interest | $660 |
| Property taxes (0.72% a year) | $74 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| PMI | $0 |
| Total per month | $784 |
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| Down payment | $4,291 |
|---|---|
| Loan amount | $120,379 |
| Principal and interest | $810 |
| Property taxes (0.72% a year) | $74 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| FHA mortgage insurance | $54 |
| Total per month | $989 |
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Questions about home buying in Mora County
What is the median home value in Mora County?
About $122,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mora County?
Homeowners pay a median $885 a year, which is about 0.72% 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 Mora County?
For the median home with 20% down at 7.11%, the payment is about $784 a month. Keeping that under 28% of gross income takes about $33,618 a year.
More about Mora County
- Mortgage Refinance in Mora County
- Debt Relief in Mora County
- Home Equity Loans in Mora County
- 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