The typical owner-occupied home in Sandoval County is worth about $313,800, 26% above the New Mexico median of $248,100 and 6% below the national median of $332,700. Owners pay a median $2,296 a year in property taxes, about 0.73% of their home's value, close to the New Mexico rate of 0.70%. The median household earns $86,636 a year, so the median home costs 3.6 times the median income (3.9 times for New Mexico). 84% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Sandoval County at a glance
| Sandoval County | New Mexico | U.S. | |
|---|---|---|---|
| Median home value | $313,800 | $248,100 | $332,700 |
| Median property tax paid per year | $2,296 | $1,731 | $3,119 |
| Property tax as a share of value | 0.73% | 0.70% | 0.94% |
| Median household income | $86,636 | $64,059 | $80,734 |
| Homes lived in by their owners | 84% | 70% | 65% |
| Owner homes with a mortgage | 62% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,671 | $1,564 | $1,963 |
| Those costs as a share of the owners' income | 20.4% | 20.6% | 21.0% |
| Median rent | $1,427 | $1,067 | $1,413 |
| Rent as a share of renters' income | 30.0% | 30.1% | 30.6% |
| Median year homes were built | 1997 | 1985 | 1980 |
| Vacant homes | 6.6% | 12.5% | 10.1% |
| Population | 153,604 | 2,120,246 | 334,922,499 |
What a typical home costs per month in Sandoval County
At this week's average 30-year rate of 7.11%, buying the median Sandoval County home of $313,800 with 20% down costs about $2,010 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,533, 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 $86,160 for the 20%-down payment. That payment is 28% of the median Sandoval County household income of $86,636; at that income and 20% down, the 28% guideline points to a home of about $316,000.
The median rent here is $1,427 a month, so owning the median home costs about $583 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $62,760 |
|---|---|
| Loan amount | $251,040 |
| Principal and interest | $1,689 |
| Property taxes (0.73% a year) | $191 |
| Homeowners insurance (our estimate, 0.5% a year) | $131 |
| PMI | $0 |
| Total per month | $2,010 |
Change the numbers in the calculator
| Down payment | $10,983 |
|---|---|
| Loan amount | $308,116 |
| Principal and interest | $2,073 |
| Property taxes (0.73% a year) | $191 |
| Homeowners insurance (our estimate, 0.5% a year) | $131 |
| FHA mortgage insurance | $139 |
| Total per month | $2,533 |
Change the numbers in the calculator
Questions about home buying in Sandoval County
What is the median home value in Sandoval County?
About $313,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Sandoval County?
Homeowners pay a median $2,296 a year, which is about 0.73% 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 Sandoval County?
For the median home with 20% down at 7.11%, the payment is about $2,010 a month. Keeping that under 28% of gross income takes about $86,160 a year.
More about Sandoval County
- Mortgage Refinance in Sandoval County
- Debt Relief in Sandoval County
- Home Equity Loans in Sandoval 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