The typical owner-occupied home in Navajo Dam is worth about $162,500, 35% below the New Mexico median of $248,100 and 51% below the national median of $332,700. Owners pay a median $1,335 a year in property taxes, about 0.82% of their home's value, higher than the New Mexico rate of 0.70%. The median household earns $12,011 a year, so the median home costs 13.5 times the median income (3.9 times for New Mexico). 100% of occupied homes here are lived in by their owners, and 28% of those owners still have a mortgage.
Navajo Dam at a glance
| Navajo Dam | New Mexico | U.S. | |
|---|---|---|---|
| Median home value | $162,500 | $248,100 | $332,700 |
| Median property tax paid per year | $1,335 | $1,731 | $3,119 |
| Property tax as a share of value | 0.82% | 0.70% | 0.94% |
| Median household income | $12,011 | $64,059 | $80,734 |
| Homes lived in by their owners | 100% | 70% | 65% |
| Owner homes with a mortgage | 28% | 52% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,564 | $1,963 |
| Median rent | – | $1,067 | $1,413 |
| Median year homes were built | 1997 | 1985 | 1980 |
| Vacant homes | 38.3% | 12.5% | 10.1% |
| Population | 269 | 2,120,246 | 334,922,499 |
What a typical home costs per month in Navajo Dam
At this week's average 30-year rate of 7.11%, buying the median Navajo Dam home of $162,500 with 20% down costs about $1,053 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,324, 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 $45,140 for the 20%-down payment. That payment is 105% of the median Navajo Dam household income of $12,011; at that income and 20% down, the 28% guideline points to a home of about $43,000.
| Down payment | $32,500 |
|---|---|
| Loan amount | $130,000 |
| Principal and interest | $875 |
| Property taxes (0.82% a year) | $111 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| PMI | $0 |
| Total per month | $1,053 |
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| Down payment | $5,688 |
|---|---|
| Loan amount | $159,557 |
| Principal and interest | $1,073 |
| Property taxes (0.82% a year) | $111 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| FHA mortgage insurance | $72 |
| Total per month | $1,324 |
Change the numbers in the calculator
Questions about home buying in Navajo Dam
What is the median home value in Navajo Dam?
About $162,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Navajo Dam?
Homeowners pay a median $1,335 a year, which is about 0.82% 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 Navajo Dam?
For the median home with 20% down at 7.11%, the payment is about $1,053 a month. Keeping that under 28% of gross income takes about $45,140 a year.
More about Navajo Dam
- Mortgage Refinance in Navajo Dam
- Debt Relief in Navajo Dam
- Home Equity Loans in Navajo Dam
- 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