Total monthly cost of ownership
Cost to Own a Home in Ponderosa Pine, New Mexico
A $296,000 home here costs
$2,357per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $101,000 a year.
A standard mortgage calculator would have told you $1,640. The real number is $718 higher every month, 44% more than the payment most buyers budget for.
Compare Bernalillo County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Ponderosa Pine from a five-year rolling sample, and with about 1,091 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 Bernalillo 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.
Ponderosa Pine against Bernalillo County and New Mexico
| Measure | Ponderosa Pine | Bernalillo County |
|---|---|---|
| Median home value | $295,500 | $268,500 |
| Median property tax | $2,016 | $2,544 |
| Effective tax rate | 0.682% | 0.947% |
| Median gross rent | — | $1,087 |
| Population | 1,091 | 674,357 |
The weather behind that power bill
Ponderosa Pine 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 $105 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
Talk to someone who works this market
These are Ponderosa Pine 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 Ponderosa Pine every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Ponderosa Pine I already own here and may sell
Common questions
How much does it cost to own a home in Ponderosa Pine?
A $296,000 home in Ponderosa Pine, New Mexico costs approximately $2,357 per month with 20% down at 7.4%. That is $1,640 principal and interest, $168 property tax, $130 homeowners insurance, $173 utilities and $247 set aside for maintenance.
What is the property tax rate in Ponderosa Pine?
Ponderosa Pine has an effective property tax rate of 0.682%, based on a median home value of $295,500 and median real estate taxes of $2,016. That is lower than the Bernalillo County average of 0.947%.
What is the average home price in Ponderosa Pine?
The median owner-occupied home value in Ponderosa Pine, New Mexico is $295,500, against $268,500 across Bernalillo County.
Is it cheaper to rent or buy in Ponderosa Pine?
Rent data is not published for Ponderosa Pine at this level of detail.
What salary do you need to buy a home in Ponderosa Pine?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Ponderosa Pine, New Mexico at today's rate takes a household income of roughly $101,000 a year. That covers the full $2,357 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ponderosa Pine, 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.