Total monthly cost of ownership
Cost to Own a Home in Lordsburg, New Mexico
A $86,000 home here costs
$793per 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 $34,000 a year.
A standard mortgage calculator would have told you $469. The real number is $324 higher every month, 69% more than the payment most buyers budget for.
Compare Hidalgo County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Lordsburg from a five-year rolling sample, and with about 2,139 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 Hidalgo 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.
Lordsburg against Hidalgo County and New Mexico
| Measure | Lordsburg | Hidalgo County |
|---|---|---|
| Median home value | $86,100 | $114,000 |
| Median property tax | $463 | $526 |
| Effective tax rate | 0.538% | 0.461% |
| Median gross rent | $803 | $803 |
| Population | 2,139 | 4,097 |
The weather behind that power bill
Lordsburg sits in Hidalgo County, which averages a high of 94.6°F in its hottest month and a low of 31.2°F in its coldest, with 10.35" of precipitation a year and 51% of it in a single three-month stretch. That climate drives 1,794 cooling and 2,793 heating degree days, which is what sets the $108 electricity line above.
See the full climate breakdown for Hidalgo County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hidalgo County
No other places of this size are published in Hidalgo County.
Full Hidalgo County cost breakdown · Every county in New Mexico
Talk to someone who works this market
These are Lordsburg 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 Lordsburg every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lordsburg I already own here and may sell
Common questions
How much does it cost to own a home in Lordsburg?
A $86,000 home in Lordsburg, New Mexico costs approximately $793 per month with 20% down at 7.24%. That is $469 principal and interest, $39 property tax, $38 homeowners insurance, $176 utilities and $72 set aside for maintenance.
What is the property tax rate in Lordsburg?
Lordsburg has an effective property tax rate of 0.538%, based on a median home value of $86,100 and median real estate taxes of $463. That is higher than the Hidalgo County average of 0.461%.
What is the average home price in Lordsburg?
The median owner-occupied home value in Lordsburg, New Mexico is $86,100, against $114,000 across Hidalgo County.
Is it cheaper to rent or buy in Lordsburg?
Median gross rent in Lordsburg is $803 a month, against $793 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Lordsburg?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lordsburg, New Mexico at today's rate takes a household income of roughly $34,000 a year. That covers the full $793 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lordsburg, 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.