The typical owner-occupied home in Questa is worth about $233,500, 6% below the New Mexico median of $248,100 and 30% below the national median of $332,700. Owners pay a median $743 a year in property taxes, about 0.32% of their home's value, lower than the New Mexico rate of 0.70%. The median household earns $47,308 a year, so the median home costs 4.9 times the median income (3.9 times for New Mexico). 68% of occupied homes here are lived in by their owners, and 14% of those owners still have a mortgage.
Questa at a glance
| Questa | New Mexico | U.S. | |
|---|---|---|---|
| Median home value | $233,500 | $248,100 | $332,700 |
| Median property tax paid per year | $743 | $1,731 | $3,119 |
| Property tax as a share of value | 0.32% | 0.70% | 0.94% |
| Median household income | $47,308 | $64,059 | $80,734 |
| Homes lived in by their owners | 68% | 70% | 65% |
| Owner homes with a mortgage | 14% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,406 | $1,564 | $1,963 |
| Those costs as a share of the owners' income | 18.8% | 20.6% | 21.0% |
| Median rent | $703 | $1,067 | $1,413 |
| Rent as a share of renters' income | 37.0% | 30.1% | 30.6% |
| Median year homes were built | 1984 | 1985 | 1980 |
| Vacant homes | 18.0% | 12.5% | 10.1% |
| Population | 2,466 | 2,120,246 | 334,922,499 |
What a typical home costs per month in Questa
At this week's average 30-year rate of 7.11%, buying the median Questa home of $233,500 with 20% down costs about $1,416 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,805, 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 $60,693 for the 20%-down payment. That payment is 36% of the median Questa household income of $47,308; at that income and 20% down, the 28% guideline points to a home of about $182,000.
The median rent here is $703 a month, so owning the median home costs about $713 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $46,700 |
|---|---|
| Loan amount | $186,800 |
| Principal and interest | $1,257 |
| Property taxes (0.32% a year) | $62 |
| Homeowners insurance (our estimate, 0.5% a year) | $97 |
| PMI | $0 |
| Total per month | $1,416 |
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| Down payment | $8,172 |
|---|---|
| Loan amount | $229,271 |
| Principal and interest | $1,542 |
| Property taxes (0.32% a year) | $62 |
| Homeowners insurance (our estimate, 0.5% a year) | $97 |
| FHA mortgage insurance | $103 |
| Total per month | $1,805 |
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Questions about home buying in Questa
What is the median home value in Questa?
About $233,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Questa?
Homeowners pay a median $743 a year, which is about 0.32% 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 Questa?
For the median home with 20% down at 7.11%, the payment is about $1,416 a month. Keeping that under 28% of gross income takes about $60,693 a year.
More about Questa
- Mortgage Refinance in Questa
- Debt Relief in Questa
- Home Equity Loans in Questa
- 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