The typical owner-occupied home in Stanley is worth about $608,200, 2.5 times the New Mexico median of $248,100 and 83% above the national median of $332,700. Owners pay a median $1,255 a year in property taxes, about 0.21% of their home's value, lower than the New Mexico rate of 0.70%. The median household earns $221,082 a year, so the median home costs 2.8 times the median income (3.9 times for New Mexico). 100% of occupied homes here are lived in by their owners, and 95% of those owners still have a mortgage.
Stanley at a glance
| Stanley | New Mexico | U.S. | |
|---|---|---|---|
| Median home value | $608,200 | $248,100 | $332,700 |
| Median property tax paid per year | $1,255 | $1,731 | $3,119 |
| Property tax as a share of value | 0.21% | 0.70% | 0.94% |
| Median household income | $221,082 | $64,059 | $80,734 |
| Homes lived in by their owners | 100% | 70% | 65% |
| Owner homes with a mortgage | 95% | 52% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,564 | $1,963 |
| Median rent | – | $1,067 | $1,413 |
| Median year homes were built | 2005 | 1985 | 1980 |
| Vacant homes | 0.0% | 12.5% | 10.1% |
| Population | 185 | 2,120,246 | 334,922,499 |
What a typical home costs per month in Stanley
At this week's average 30-year rate of 7.11%, buying the median Stanley home of $608,200 with 20% down costs about $3,633 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,646, 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 $155,699 for the 20%-down payment. That payment is 20% of the median Stanley household income of $221,082; at that income and 20% down, the 28% guideline points to a home of about $864,000.
| Down payment | $121,640 |
|---|---|
| Loan amount | $486,560 |
| Principal and interest | $3,273 |
| Property taxes (0.21% a year) | $106 |
| Homeowners insurance (our estimate, 0.5% a year) | $253 |
| PMI | $0 |
| Total per month | $3,633 |
Change the numbers in the calculator
| Down payment | $21,287 |
|---|---|
| Loan amount | $597,184 |
| Principal and interest | $4,017 |
| Property taxes (0.21% a year) | $106 |
| Homeowners insurance (our estimate, 0.5% a year) | $253 |
| FHA mortgage insurance | $269 |
| Total per month | $4,646 |
Change the numbers in the calculator
Questions about home buying in Stanley
What is the median home value in Stanley?
About $608,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Stanley?
Homeowners pay a median $1,255 a year, which is about 0.21% 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 Stanley?
For the median home with 20% down at 7.11%, the payment is about $3,633 a month. Keeping that under 28% of gross income takes about $155,699 a year.
More about Stanley
- Mortgage Refinance in Stanley
- Debt Relief in Stanley
- Home Equity Loans in Stanley
- 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