Total monthly cost of ownership
Cost to Own a Home in Los Ranchos de Albuquerque, New Mexico
A $442,000 home here costs
$3,337per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,272. The real number is $1,065 higher every month — 47% 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 Ranchos de Albuquerque against Bernalillo County and New Mexico
| Measure | Los Ranchos de Albuquerque | Bernalillo County |
|---|---|---|
| Median home value | $442,100 | $268,500 |
| Median property tax | $3,691 | $2,544 |
| Effective tax rate | 0.835% | 0.947% |
| Median gross rent | $990 | $1,087 |
| Population | 5,869 | 674,357 |
The weather behind that power bill
Los Ranchos de Albuquerque sits in Bernalillo County, which averages a high of 91.2°F in its hottest month and a low of 26.4°F in its coldest, with 8.84" of precipitation a year and 46% of it in a single three-month stretch. That climate drives 1,438 cooling and 3,996 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Bernalillo County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bernalillo County
Full Bernalillo County cost breakdown · Every county in New Mexico
Common questions
How much does it cost to own a home in Los Ranchos de Albuquerque?
A $442,000 home in Los Ranchos de Albuquerque, New Mexico costs approximately $3,337 per month with 20% down at 6.66%. That is $2,272 principal and interest, $308 property tax, $194 homeowners insurance, $195 utilities and $368 set aside for maintenance.
What is the property tax rate in Los Ranchos de Albuquerque?
Los Ranchos de Albuquerque has an effective property tax rate of 0.835%, based on a median home value of $442,100 and median real estate taxes of $3,691. That is lower than the Bernalillo County average of 0.947%.
What is the average home price in Los Ranchos de Albuquerque?
The median owner-occupied home value in Los Ranchos de Albuquerque, New Mexico is $442,100, against $268,500 across Bernalillo County.
Is it cheaper to rent or buy in Los Ranchos de Albuquerque?
Median gross rent in Los Ranchos de Albuquerque is $990 a month, against $3,337 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 Ranchos de Albuquerque — 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.