Total monthly cost of ownership
Cost to Own a Home in La Villita, New Mexico
A $260,000 home here costs
$1,946per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,337. The real number is $609 higher every month — 46% 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.
La Villita against Rio Arriba County and New Mexico
| Measure | La Villita | Rio Arriba County |
|---|---|---|
| Median home value | $259,500 | $230,900 |
| Median property tax | $1,002 | $1,000 |
| Effective tax rate | 0.386% | 0.433% |
| Median gross rent | — | $760 |
| Population | 1,440 | 40,165 |
The weather behind that power bill
La Villita sits in Rio Arriba County, which averages a high of 84.6°F in its hottest month and a low of 8.6°F in its coldest, with 14.13" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 147 cooling and 7,510 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Rio Arriba County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Rio Arriba County
Full Rio Arriba County cost breakdown · Every county in New Mexico
Common questions
How much does it cost to own a home in La Villita?
A $260,000 home in La Villita, New Mexico costs approximately $1,946 per month with 20% down at 6.66%. That is $1,337 principal and interest, $84 property tax, $114 homeowners insurance, $195 utilities and $217 set aside for maintenance.
What is the property tax rate in La Villita?
La Villita has an effective property tax rate of 0.386%, based on a median home value of $259,500 and median real estate taxes of $1,002. That is lower than the Rio Arriba County average of 0.433%.
What is the average home price in La Villita?
The median owner-occupied home value in La Villita, New Mexico is $259,500, against $230,900 across Rio Arriba County.
Is it cheaper to rent or buy in La Villita?
Rent data is not published for La Villita at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for La Villita — 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.