The typical owner-occupied home in Truchas is worth about $315,800, 27% above the New Mexico median of $248,100 and 5% below the national median of $332,700. Owners pay a median $925 a year in property taxes, about 0.29% of their home's value, lower than the New Mexico rate of 0.70%. 84% of occupied homes here are lived in by their owners, and 18% of those owners still have a mortgage.
Truchas at a glance
| Truchas | New Mexico | U.S. | |
|---|---|---|---|
| Median home value | $315,800 | $248,100 | $332,700 |
| Median property tax paid per year | $925 | $1,731 | $3,119 |
| Property tax as a share of value | 0.29% | 0.70% | 0.94% |
| Median household income | – | $64,059 | $80,734 |
| Homes lived in by their owners | 84% | 70% | 65% |
| Owner homes with a mortgage | 18% | 52% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,564 | $1,963 |
| Median rent | – | $1,067 | $1,413 |
| Median year homes were built | 1951 | 1985 | 1980 |
| Vacant homes | 15.0% | 12.5% | 10.1% |
| Population | 528 | 2,120,246 | 334,922,499 |
What a typical home costs per month in Truchas
At this week's average 30-year rate of 7.11%, buying the median Truchas home of $315,800 with 20% down costs about $1,907 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,434, 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 $81,747 for the 20%-down payment.
| Down payment | $63,160 |
|---|---|
| Loan amount | $252,640 |
| Principal and interest | $1,700 |
| Property taxes (0.29% a year) | $76 |
| Homeowners insurance (our estimate, 0.5% a year) | $132 |
| PMI | $0 |
| Total per month | $1,907 |
Change the numbers in the calculator
| Down payment | $11,053 |
|---|---|
| Loan amount | $310,080 |
| Principal and interest | $2,086 |
| Property taxes (0.29% a year) | $76 |
| Homeowners insurance (our estimate, 0.5% a year) | $132 |
| FHA mortgage insurance | $140 |
| Total per month | $2,434 |
Change the numbers in the calculator
Questions about home buying in Truchas
What is the median home value in Truchas?
About $315,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Truchas?
Homeowners pay a median $925 a year, which is about 0.29% 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 Truchas?
For the median home with 20% down at 7.11%, the payment is about $1,907 a month. Keeping that under 28% of gross income takes about $81,747 a year.
More about Truchas
- Mortgage Refinance in Truchas
- Debt Relief in Truchas
- Home Equity Loans in Truchas
- 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