Total monthly cost of ownership
Cost to Own a Home in Cloudcroft, New Mexico
A $200,000 home here costs
$1,555per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,028. The real number is $527 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.
Cloudcroft against Otero County and New Mexico
| Measure | Cloudcroft | Otero County |
|---|---|---|
| Median home value | $200,000 | $149,500 |
| Median property tax | $931 | $841 |
| Effective tax rate | 0.466% | 0.563% |
| Median gross rent | $938 | $926 |
| Population | 1,275 | 68,235 |
The weather behind that power bill
Cloudcroft sits in Otero County, which averages a high of 74.3°F in its hottest month and a low of 19.0°F in its coldest, with 28.45" of precipitation a year and 48% of it in a single three-month stretch. That climate drives 8 cooling and 7,031 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Otero County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Otero County
Full Otero County cost breakdown · Every county in New Mexico
Common questions
How much does it cost to own a home in Cloudcroft?
A $200,000 home in Cloudcroft, New Mexico costs approximately $1,555 per month with 20% down at 6.66%. That is $1,028 principal and interest, $78 property tax, $88 homeowners insurance, $195 utilities and $167 set aside for maintenance.
What is the property tax rate in Cloudcroft?
Cloudcroft has an effective property tax rate of 0.466%, based on a median home value of $200,000 and median real estate taxes of $931. That is lower than the Otero County average of 0.563%.
What is the average home price in Cloudcroft?
The median owner-occupied home value in Cloudcroft, New Mexico is $200,000, against $149,500 across Otero County.
Is it cheaper to rent or buy in Cloudcroft?
Median gross rent in Cloudcroft is $938 a month, against $1,555 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 Cloudcroft — 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.