Total monthly cost of ownership
Cost to Own a Home in Angel Fire, New Mexico
A $476,000 home here costs
$3,471per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,447. The real number is $1,024 higher every month — 42% more than the payment most buyers budget for.
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 $127 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
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 $3,471 per month with 20% down at 6.66%. That is $2,447 principal and interest, $224 property tax, $209 homeowners insurance, $195 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 $3,471 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
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.