Total monthly cost of ownership
Cost to Own a Home in Angel Fire, New Mexico
A $476,000 home here costs
$3,600per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $154,500 a year.
A standard mortgage calculator would have told you $2,595. The real number is $1,005 higher every month, 39% more than the payment most buyers budget for.
Compare Colfax County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Angel Fire from a five-year rolling sample, and with about 1,089 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Colfax County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Angel Fire against Colfax County and New Mexico
| Measure | Angel Fire | Colfax County |
|---|---|---|
| Median home value | $476,200 | $161,000 |
| Median property tax | $2,684 | $927 |
| Effective tax rate | 0.564% | 0.576% |
| Median gross rent | $1,120 | $704 |
| Population | 1,089 | 12,336 |
The weather behind that power bill
Angel Fire sits in Colfax County, which averages a high of 86.2°F in its hottest month and a low of 11.9°F in its coldest, with 14.07" of precipitation a year and 49% of it in a single three-month stretch. That climate drives 328 cooling and 6,233 heating degree days, which is what sets the $108 electricity line above.
See the full climate breakdown for Colfax County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Colfax County
Full Colfax County cost breakdown · Every county in New Mexico
Talk to someone who works this market
These are Angel Fire averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Angel Fire every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Angel Fire I already own here and may sell
Common questions
How much does it cost to own a home in Angel Fire?
A $476,000 home in Angel Fire, New Mexico costs approximately $3,600 per month with 20% down at 7.24%. That is $2,595 principal and interest, $224 property tax, $209 homeowners insurance, $176 utilities and $397 set aside for maintenance.
What is the property tax rate in Angel Fire?
Angel Fire has an effective property tax rate of 0.564%, based on a median home value of $476,200 and median real estate taxes of $2,684. That is lower than the Colfax County average of 0.576%.
What is the average home price in Angel Fire?
The median owner-occupied home value in Angel Fire, New Mexico is $476,200, against $161,000 across Colfax County.
Is it cheaper to rent or buy in Angel Fire?
Median gross rent in Angel Fire is $1,120 a month, against $3,600 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Angel Fire?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Angel Fire, New Mexico at today's rate takes a household income of roughly $154,500 a year. That covers the full $3,600 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Angel Fire, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for New Mexico.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.