The typical owner-occupied home in Estancia is worth about $99,000, 60% below the New Mexico median of $248,100 and 70% below the national median of $332,700. Owners pay a median $540 a year in property taxes, about 0.55% of their home's value, lower than the New Mexico rate of 0.70%. The median household earns $53,846 a year, so the median home costs 1.8 times the median income (3.9 times for New Mexico). 72% of occupied homes here are lived in by their owners, and 16% of those owners still have a mortgage.
Estancia at a glance
| Estancia | New Mexico | U.S. | |
|---|---|---|---|
| Median home value | $99,000 | $248,100 | $332,700 |
| Median property tax paid per year | $540 | $1,731 | $3,119 |
| Property tax as a share of value | 0.55% | 0.70% | 0.94% |
| Median household income | $53,846 | $64,059 | $80,734 |
| Homes lived in by their owners | 72% | 70% | 65% |
| Owner homes with a mortgage | 16% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,023 | $1,564 | $1,963 |
| Those costs as a share of the owners' income | 15.4% | 20.6% | 21.0% |
| Median rent | $843 | $1,067 | $1,413 |
| Rent as a share of renters' income | 26.8% | 30.1% | 30.6% |
| Median year homes were built | 1959 | 1985 | 1980 |
| Vacant homes | 14.2% | 12.5% | 10.1% |
| Population | 1,432 | 2,120,246 | 334,922,499 |
What a typical home costs per month in Estancia
At this week's average 30-year rate of 7.11%, buying the median Estancia home of $99,000 with 20% down costs about $619 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $784, 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 $26,546 for the 20%-down payment. That payment is 14% of the median Estancia household income of $53,846; at that income and 20% down, the 28% guideline points to a home of about $201,000.
The median rent here is $843 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $19,800 |
|---|---|
| Loan amount | $79,200 |
| Principal and interest | $533 |
| Property taxes (0.55% a year) | $45 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| PMI | $0 |
| Total per month | $619 |
Change the numbers in the calculator
| Down payment | $3,465 |
|---|---|
| Loan amount | $97,207 |
| Principal and interest | $654 |
| Property taxes (0.55% a year) | $45 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| FHA mortgage insurance | $44 |
| Total per month | $784 |
Change the numbers in the calculator
Questions about home buying in Estancia
What is the median home value in Estancia?
About $99,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Estancia?
Homeowners pay a median $540 a year, which is about 0.55% 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 Estancia?
For the median home with 20% down at 7.11%, the payment is about $619 a month. Keeping that under 28% of gross income takes about $26,546 a year.
More about Estancia
- Mortgage Refinance in Estancia
- Debt Relief in Estancia
- Home Equity Loans in Estancia
- 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