Total monthly cost of ownership
Cost to Own a Home in Bernalillo, New Mexico
A $237,000 home here costs
$1,841per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,218. The real number is $623 higher every month — 51% 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.
Bernalillo against Sandoval County and New Mexico
| Measure | Bernalillo | Sandoval County |
|---|---|---|
| Median home value | $237,100 | $282,300 |
| Median property tax | $1,514 | $2,147 |
| Effective tax rate | 0.639% | 0.761% |
| Median gross rent | $1,061 | $1,408 |
| Population | 9,068 | 151,538 |
The weather behind that power bill
Bernalillo sits in Sandoval County, which averages a high of 73.7°F in its hottest month and a low of 8.7°F in its coldest, with 25.48" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 2 cooling and 8,991 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Sandoval County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sandoval County
Full Sandoval County cost breakdown · Every county in New Mexico
Common questions
How much does it cost to own a home in Bernalillo?
A $237,000 home in Bernalillo, New Mexico costs approximately $1,841 per month with 20% down at 6.66%. That is $1,218 principal and interest, $126 property tax, $104 homeowners insurance, $195 utilities and $198 set aside for maintenance.
What is the property tax rate in Bernalillo?
Bernalillo has an effective property tax rate of 0.639%, based on a median home value of $237,100 and median real estate taxes of $1,514. That is lower than the Sandoval County average of 0.761%.
What is the average home price in Bernalillo?
The median owner-occupied home value in Bernalillo, New Mexico is $237,100, against $282,300 across Sandoval County.
Is it cheaper to rent or buy in Bernalillo?
Median gross rent in Bernalillo is $1,061 a month, against $1,841 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 Bernalillo — 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.