The typical owner-occupied home in La Jara is worth about $13,400, 95% below the New Mexico median of $248,100 and 96% below the national median of $332,700. Owners pay a median $468 a year in property taxes, about 3.49% of their home's value, higher than the New Mexico rate of 0.70%. The median household earns $16,049 a year, so the median home costs 0.8 times the median income (3.9 times for New Mexico). 72% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.
La Jara at a glance
| La Jara | New Mexico | U.S. | |
|---|---|---|---|
| Median home value | $13,400 | $248,100 | $332,700 |
| Median property tax paid per year | $468 | $1,731 | $3,119 |
| Property tax as a share of value | 3.49% | 0.70% | 0.94% |
| Median household income | $16,049 | $64,059 | $80,734 |
| Homes lived in by their owners | 72% | 70% | 65% |
| Owner homes with a mortgage | 0% | 52% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,564 | $1,963 |
| Median rent | – | $1,067 | $1,413 |
| Median year homes were built | 1984 | 1985 | 1980 |
| Vacant homes | 45.0% | 12.5% | 10.1% |
| Population | 176 | 2,120,246 | 334,922,499 |
What a typical home costs per month in La Jara
At this week's average 30-year rate of 7.11%, buying the median La Jara home of $13,400 with 20% down costs about $117 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $139, 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 $5,000 for the 20%-down payment. That payment is 9% of the median La Jara household income of $16,049; at that income and 20% down, the 28% guideline points to a home of about $43,000.
| Down payment | $2,680 |
|---|---|
| Loan amount | $10,720 |
| Principal and interest | $72 |
| Property taxes (3.49% a year) | $39 |
| Homeowners insurance (our estimate, 0.5% a year) | $6 |
| PMI | $0 |
| Total per month | $117 |
Change the numbers in the calculator
| Down payment | $469 |
|---|---|
| Loan amount | $13,157 |
| Principal and interest | $89 |
| Property taxes (3.49% a year) | $39 |
| Homeowners insurance (our estimate, 0.5% a year) | $6 |
| FHA mortgage insurance | $6 |
| Total per month | $139 |
Change the numbers in the calculator
Questions about home buying in La Jara
What is the median home value in La Jara?
About $13,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in La Jara?
Homeowners pay a median $468 a year, which is about 3.49% 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 La Jara?
For the median home with 20% down at 7.11%, the payment is about $117 a month. Keeping that under 28% of gross income takes about $5,000 a year.
More about La Jara
- Mortgage Refinance in La Jara
- Debt Relief in La Jara
- Home Equity Loans in La Jara
- 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