The typical owner-occupied home in Dixon is worth about $392,700, 58% above the New Mexico median of $248,100 and 18% above the national median of $332,700. Owners pay a median $1,240 a year in property taxes, about 0.32% of their home's value, lower than the New Mexico rate of 0.70%. The median household earns $54,231 a year, so the median home costs 7.2 times the median income (3.9 times for New Mexico). 78% of occupied homes here are lived in by their owners, and 20% of those owners still have a mortgage.
Dixon at a glance
| Dixon | New Mexico | U.S. | |
|---|---|---|---|
| Median home value | $392,700 | $248,100 | $332,700 |
| Median property tax paid per year | $1,240 | $1,731 | $3,119 |
| Property tax as a share of value | 0.32% | 0.70% | 0.94% |
| Median household income | $54,231 | $64,059 | $80,734 |
| Homes lived in by their owners | 78% | 70% | 65% |
| Owner homes with a mortgage | 20% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,885 | $1,564 | $1,963 |
| Those costs as a share of the owners' income | 51.0% | 20.6% | 21.0% |
| Median rent | – | $1,067 | $1,413 |
| Median year homes were built | 1978 | 1985 | 1980 |
| Vacant homes | 11.1% | 12.5% | 10.1% |
| Population | 1,623 | 2,120,246 | 334,922,499 |
What a typical home costs per month in Dixon
At this week's average 30-year rate of 7.11%, buying the median Dixon home of $392,700 with 20% down costs about $2,382 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,036, 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 $102,074 for the 20%-down payment. That payment is 53% of the median Dixon household income of $54,231; at that income and 20% down, the 28% guideline points to a home of about $209,000.
| Down payment | $78,540 |
|---|---|
| Loan amount | $314,160 |
| Principal and interest | $2,113 |
| Property taxes (0.32% a year) | $105 |
| Homeowners insurance (our estimate, 0.5% a year) | $164 |
| PMI | $0 |
| Total per month | $2,382 |
Change the numbers in the calculator
| Down payment | $13,744 |
|---|---|
| Loan amount | $385,587 |
| Principal and interest | $2,594 |
| Property taxes (0.32% a year) | $105 |
| Homeowners insurance (our estimate, 0.5% a year) | $164 |
| FHA mortgage insurance | $174 |
| Total per month | $3,036 |
Change the numbers in the calculator
Questions about home buying in Dixon
What is the median home value in Dixon?
About $392,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Dixon?
Homeowners pay a median $1,240 a year, which is about 0.32% 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 Dixon?
For the median home with 20% down at 7.11%, the payment is about $2,382 a month. Keeping that under 28% of gross income takes about $102,074 a year.
More about Dixon
- Mortgage Refinance in Dixon
- Debt Relief in Dixon
- Home Equity Loans in Dixon
- 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