Total monthly cost of ownership
Cost to Own a Home in Eldorado at Santa Fe, New Mexico
A $543,000 home here costs
$3,910per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,792. The real number is $1,118 higher every month — 40% 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.
Eldorado at Santa Fe against Santa Fe County and New Mexico
| Measure | Eldorado at Santa Fe | Santa Fe County |
|---|---|---|
| Median home value | $542,800 | $416,900 |
| Median property tax | $2,797 | $2,110 |
| Effective tax rate | 0.515% | 0.506% |
| Median gross rent | $2,132 | $1,318 |
| Population | 5,746 | 155,175 |
The weather behind that power bill
Eldorado at Santa Fe 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 $127 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
Common questions
How much does it cost to own a home in Eldorado at Santa Fe?
A $543,000 home in Eldorado at Santa Fe, New Mexico costs approximately $3,910 per month with 20% down at 6.66%. That is $2,792 principal and interest, $233 property tax, $238 homeowners insurance, $195 utilities and $453 set aside for maintenance.
What is the property tax rate in Eldorado at Santa Fe?
Eldorado at Santa Fe has an effective property tax rate of 0.515%, based on a median home value of $542,800 and median real estate taxes of $2,797. That is in line with the Santa Fe County average of 0.506%.
What is the average home price in Eldorado at Santa Fe?
The median owner-occupied home value in Eldorado at Santa Fe, New Mexico is $542,800, against $416,900 across Santa Fe County.
Is it cheaper to rent or buy in Eldorado at Santa Fe?
Median gross rent in Eldorado at Santa Fe is $2,132 a month, against $3,910 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 Eldorado at Santa Fe — 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.