Total monthly cost of ownership
Cost to Own a Home in Los Lunas, New Mexico
A $233,000 home here costs
$1,859per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,198. The real number is $662 higher every month — 55% 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.
Los Lunas against Valencia County and New Mexico
| Measure | Los Lunas | Valencia County |
|---|---|---|
| Median home value | $232,700 | $206,800 |
| Median property tax | $2,041 | $1,365 |
| Effective tax rate | 0.877% | 0.660% |
| Median gross rent | $1,157 | $970 |
| Population | 17,932 | 77,382 |
The weather behind that power bill
Los Lunas sits in Valencia County, which averages a high of 93.3°F in its hottest month and a low of 19.0°F in its coldest, with 9.23" of precipitation a year and 46% of it in a single three-month stretch. That climate drives 1,192 cooling and 4,405 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Valencia County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Valencia County
Full Valencia County cost breakdown · Every county in New Mexico
Common questions
How much does it cost to own a home in Los Lunas?
A $233,000 home in Los Lunas, New Mexico costs approximately $1,859 per month with 20% down at 6.66%. That is $1,198 principal and interest, $170 property tax, $102 homeowners insurance, $195 utilities and $194 set aside for maintenance.
What is the property tax rate in Los Lunas?
Los Lunas has an effective property tax rate of 0.877%, based on a median home value of $232,700 and median real estate taxes of $2,041. That is higher than the Valencia County average of 0.660%.
What is the average home price in Los Lunas?
The median owner-occupied home value in Los Lunas, New Mexico is $232,700, against $206,800 across Valencia County.
Is it cheaper to rent or buy in Los Lunas?
Median gross rent in Los Lunas is $1,157 a month, against $1,859 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 Los Lunas — 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.