Total monthly cost of ownership
Cost to Own a Home in Pojoaque, New Mexico
A $154,000 home here costs
$1,295per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $792. The real number is $503 higher every month — 64% 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.
Pojoaque against Santa Fe County and New Mexico
| Measure | Pojoaque | Santa Fe County |
|---|---|---|
| Median home value | $154,300 | $416,900 |
| Median property tax | $1,354 | $2,110 |
| Effective tax rate | 0.878% | 0.506% |
| Median gross rent | $945 | $1,318 |
| Population | 2,274 | 155,175 |
The weather behind that power bill
Pojoaque 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 $127 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
Common questions
How much does it cost to own a home in Pojoaque?
A $154,000 home in Pojoaque, New Mexico costs approximately $1,295 per month with 20% down at 6.66%. That is $792 principal and interest, $113 property tax, $68 homeowners insurance, $195 utilities and $128 set aside for maintenance.
What is the property tax rate in Pojoaque?
Pojoaque has an effective property tax rate of 0.878%, based on a median home value of $154,300 and median real estate taxes of $1,354. That is higher than the Santa Fe County average of 0.506%.
What is the average home price in Pojoaque?
The median owner-occupied home value in Pojoaque, New Mexico is $154,300, against $416,900 across Santa Fe County.
Is it cheaper to rent or buy in Pojoaque?
Median gross rent in Pojoaque is $945 a month, against $1,295 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 Pojoaque — 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.