Total monthly cost of ownership
Cost to Own a Home in El Valle de Arroyo Seco, New Mexico
A $214,000 home here costs
$1,705per 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 $73,000 a year.
A standard mortgage calculator would have told you $1,167. The real number is $538 higher every month, 46% more than the payment most buyers budget for.
Compare Santa Fe County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for El Valle de Arroyo Seco from a five-year rolling sample, and with about 1,602 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 Santa Fe 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.
El Valle de Arroyo Seco against Santa Fe County and New Mexico
| Measure | El Valle de Arroyo Seco | Santa Fe County |
|---|---|---|
| Median home value | $214,400 | $416,900 |
| Median property tax | — | $2,110 |
| Effective tax rate | 0.506% | 0.506% |
| Median gross rent | $1,077 | $1,318 |
| Population | 1,602 | 155,175 |
The weather behind that power bill
El Valle de Arroyo Seco sits in Santa Fe County, which averages a high of 88.5°F in its hottest month and a low of 19.5°F in its coldest, with 10.71" of precipitation a year and 48% of it in a single three-month stretch. That climate drives 683 cooling and 5,385 heating degree days, which is what sets the $108 electricity line above.
See the full climate breakdown for Santa Fe County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Santa Fe County
Full Santa Fe County cost breakdown · Every county in New Mexico
Talk to someone who works this market
These are El Valle de Arroyo Seco 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 El Valle de Arroyo Seco every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in El Valle de Arroyo Seco I already own here and may sell
Common questions
How much does it cost to own a home in El Valle de Arroyo Seco?
A $214,000 home in El Valle de Arroyo Seco, New Mexico costs approximately $1,705 per month with 20% down at 7.24%. That is $1,167 principal and interest, $90 property tax, $94 homeowners insurance, $176 utilities and $178 set aside for maintenance.
What is the property tax rate in El Valle de Arroyo Seco?
Place-level tax data is not published for El Valle de Arroyo Seco, so the Santa Fe County rate of 0.506% applies here.
What is the average home price in El Valle de Arroyo Seco?
The median owner-occupied home value in El Valle de Arroyo Seco, New Mexico is $214,400, against $416,900 across Santa Fe County.
Is it cheaper to rent or buy in El Valle de Arroyo Seco?
Median gross rent in El Valle de Arroyo Seco is $1,077 a month, against $1,705 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 El Valle de Arroyo Seco?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in El Valle de Arroyo Seco, New Mexico at today's rate takes a household income of roughly $73,000 a year. That covers the full $1,705 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for El Valle de Arroyo Seco, 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.