The typical owner-occupied home in Ranchos De Taos is worth about $349,700, 41% above the New Mexico median of $248,100 and 5% above the national median of $332,700. Owners pay a median $967 a year in property taxes, about 0.28% of their home's value, lower than the New Mexico rate of 0.70%. 90% of occupied homes here are lived in by their owners, and 34% of those owners still have a mortgage.
Ranchos De Taos at a glance
| Ranchos De Taos | New Mexico | U.S. | |
|---|---|---|---|
| Median home value | $349,700 | $248,100 | $332,700 |
| Median property tax paid per year | $967 | $1,731 | $3,119 |
| Property tax as a share of value | 0.28% | 0.70% | 0.94% |
| Median household income | – | $64,059 | $80,734 |
| Homes lived in by their owners | 90% | 70% | 65% |
| Owner homes with a mortgage | 34% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,613 | $1,564 | $1,963 |
| Those costs as a share of the owners' income | 40.4% | 20.6% | 21.0% |
| Median rent | – | $1,067 | $1,413 |
| Median year homes were built | 1978 | 1985 | 1980 |
| Vacant homes | 30.8% | 12.5% | 10.1% |
| Population | 2,536 | 2,120,246 | 334,922,499 |
What a typical home costs per month in Ranchos De Taos
At this week's average 30-year rate of 7.11%, buying the median Ranchos De Taos home of $349,700 with 20% down costs about $2,109 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,692, 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 $90,397 for the 20%-down payment.
| Down payment | $69,940 |
|---|---|
| Loan amount | $279,760 |
| Principal and interest | $1,882 |
| Property taxes (0.28% a year) | $82 |
| Homeowners insurance (our estimate, 0.5% a year) | $146 |
| PMI | $0 |
| Total per month | $2,109 |
Change the numbers in the calculator
| Down payment | $12,240 |
|---|---|
| Loan amount | $343,366 |
| Principal and interest | $2,310 |
| Property taxes (0.28% a year) | $82 |
| Homeowners insurance (our estimate, 0.5% a year) | $146 |
| FHA mortgage insurance | $155 |
| Total per month | $2,692 |
Change the numbers in the calculator
Questions about home buying in Ranchos De Taos
What is the median home value in Ranchos De Taos?
About $349,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ranchos De Taos?
Homeowners pay a median $967 a year, which is about 0.28% 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 Ranchos De Taos?
For the median home with 20% down at 7.11%, the payment is about $2,109 a month. Keeping that under 28% of gross income takes about $90,397 a year.
More about Ranchos De Taos
- Mortgage Refinance in Ranchos De Taos
- Debt Relief in Ranchos De Taos
- Home Equity Loans in Ranchos De Taos
- 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