The typical owner-occupied home in House is worth about $217,900, 12% below the New Mexico median of $248,100 and 35% below the national median of $332,700. Owners pay a median $199 a year in property taxes, about 0.09% of their home's value, lower than the New Mexico rate of 0.70%. The median household earns $2,499 a year, so the median home costs 87.2 times the median income (3.9 times for New Mexico). 17% of occupied homes here are lived in by their owners, and 38% of those owners still have a mortgage.
House at a glance
| House | New Mexico | U.S. | |
|---|---|---|---|
| Median home value | $217,900 | $248,100 | $332,700 |
| Median property tax paid per year | $199 | $1,731 | $3,119 |
| Property tax as a share of value | 0.09% | 0.70% | 0.94% |
| Median household income | $2,499 | $64,059 | $80,734 |
| Homes lived in by their owners | 17% | 70% | 65% |
| Owner homes with a mortgage | 38% | 52% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,564 | $1,963 |
| Those costs as a share of the owners' income | 9.0% | 20.6% | 21.0% |
| Median rent | – | $1,067 | $1,413 |
| Median year homes were built | 1938 | 1985 | 1980 |
| Vacant homes | 6.0% | 12.5% | 10.1% |
| Population | 91 | 2,120,246 | 334,922,499 |
What a typical home costs per month in House
At this week's average 30-year rate of 7.11%, buying the median House home of $217,900 with 20% down costs about $1,280 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,643, 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 $54,848 for the 20%-down payment. That payment is 615% of the median House household income of $2,499; at that income and 20% down, the 28% guideline points to a home of about $10,000.
| Down payment | $43,580 |
|---|---|
| Loan amount | $174,320 |
| Principal and interest | $1,173 |
| Property taxes (0.09% a year) | $16 |
| Homeowners insurance (our estimate, 0.5% a year) | $91 |
| PMI | $0 |
| Total per month | $1,280 |
Change the numbers in the calculator
| Down payment | $7,626 |
|---|---|
| Loan amount | $213,953 |
| Principal and interest | $1,439 |
| Property taxes (0.09% a year) | $16 |
| Homeowners insurance (our estimate, 0.5% a year) | $91 |
| FHA mortgage insurance | $96 |
| Total per month | $1,643 |
Change the numbers in the calculator
Questions about home buying in House
What is the median home value in House?
About $217,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in House?
Homeowners pay a median $199 a year, which is about 0.09% 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 House?
For the median home with 20% down at 7.11%, the payment is about $1,280 a month. Keeping that under 28% of gross income takes about $54,848 a year.
More about House
- Mortgage Refinance in House
- Debt Relief in House
- Home Equity Loans in House
- 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