Total monthly cost of ownership
Cost to Own a Home in Las Campanas, New Mexico
A $1,503,000 home here costs
$10,838per 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 $464,500 a year.
A standard mortgage calculator would have told you $8,194. The real number is $2,643 higher every month, 32% 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 Las Campanas from a five-year rolling sample, and with about 1,792 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.
Las Campanas against Santa Fe County and New Mexico
| Measure | Las Campanas | Santa Fe County |
|---|---|---|
| Median home value | $1,502,700 | $416,900 |
| Median property tax | $6,666 | $2,110 |
| Effective tax rate | 0.444% | 0.506% |
| Median gross rent | $3,500+ | $1,318 |
| Population | 1,792 | 155,175 |
The weather behind that power bill
Las Campanas 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 Las Campanas 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 Las Campanas every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Las Campanas I already own here and may sell
Common questions
How much does it cost to own a home in Las Campanas?
A $1,503,000 home in Las Campanas, New Mexico costs approximately $10,838 per month with 20% down at 7.24%. That is $8,194 principal and interest, $556 property tax, $659 homeowners insurance, $176 utilities and $1,253 set aside for maintenance.
What is the property tax rate in Las Campanas?
Las Campanas has an effective property tax rate of 0.444%, based on a median home value of $1,502,700 and median real estate taxes of $6,666. That is lower than the Santa Fe County average of 0.506%.
What is the average home price in Las Campanas?
The median owner-occupied home value in Las Campanas, New Mexico is $1,502,700, against $416,900 across Santa Fe County.
Is it cheaper to rent or buy in Las Campanas?
Median gross rent in Las Campanas is above $3,500 (the Census reporting cap) a month, against $10,838 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 Las Campanas?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Las Campanas, New Mexico at today's rate takes a household income of roughly $464,500 a year. That covers the full $10,838 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Las Campanas, 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.