The typical owner-occupied home in Cuba is worth about $150,700, 39% below the New Mexico median of $248,100 and 55% below the national median of $332,700. The median household earns $58,750 a year, so the median home costs 2.6 times the median income (3.9 times for New Mexico). 85% of occupied homes here are lived in by their owners, and 39% of those owners still have a mortgage.
Cuba at a glance
| Cuba | New Mexico | U.S. | |
|---|---|---|---|
| Median home value | $150,700 | $248,100 | $332,700 |
| Median property tax paid per year | – | $1,731 | $3,119 |
| Median household income | $58,750 | $64,059 | $80,734 |
| Homes lived in by their owners | 85% | 70% | 65% |
| Owner homes with a mortgage | 39% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $819 | $1,564 | $1,963 |
| Those costs as a share of the owners' income | 16.3% | 20.6% | 21.0% |
| Median rent | $306 | $1,067 | $1,413 |
| Rent as a share of renters' income | 20.0% | 30.1% | 30.6% |
| Median year homes were built | 1976 | 1985 | 1980 |
| Vacant homes | 40.9% | 12.5% | 10.1% |
| Population | 462 | 2,120,246 | 334,922,499 |
What a typical home costs per month in Cuba
At this week's average 30-year rate of 7.11%, buying the median Cuba home of $150,700 with 20% down costs about $1,012 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,263, 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 $43,369 for the 20%-down payment. That payment is 21% of the median Cuba household income of $58,750; at that income and 20% down, the 28% guideline points to a home of about $204,000.
The median rent here is $306 a month, so owning the median home costs about $706 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $30,140 |
|---|---|
| Loan amount | $120,560 |
| Principal and interest | $811 |
| Property taxes (1.10% a year) | $138 |
| Homeowners insurance (our estimate, 0.5% a year) | $63 |
| PMI | $0 |
| Total per month | $1,012 |
Change the numbers in the calculator
| Down payment | $5,274 |
|---|---|
| Loan amount | $147,970 |
| Principal and interest | $995 |
| Property taxes (1.10% a year) | $138 |
| Homeowners insurance (our estimate, 0.5% a year) | $63 |
| FHA mortgage insurance | $67 |
| Total per month | $1,263 |
Change the numbers in the calculator
Questions about home buying in Cuba
What is the median home value in Cuba?
About $150,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Cuba?
For the median home with 20% down at 7.11%, the payment is about $1,012 a month. Keeping that under 28% of gross income takes about $43,369 a year.
More about Cuba
- Mortgage Refinance in Cuba
- Debt Relief in Cuba
- Home Equity Loans in Cuba
- 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