Total monthly cost of ownership
Cost to Own a Home in Santa Clara, New Mexico
A $121,000 home here costs
$1,010per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $622. The real number is $388 higher every month — 62% 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.
Santa Clara against Grant County and New Mexico
| Measure | Santa Clara | Grant County |
|---|---|---|
| Median home value | $120,900 | $164,400 |
| Median property tax | $465 | $756 |
| Effective tax rate | 0.385% | 0.460% |
| Median gross rent | $710 | $810 |
| Population | 1,751 | 27,856 |
The weather behind that power bill
Santa Clara sits in Grant County, which averages a high of 90.9°F in its hottest month and a low of 20.4°F in its coldest, with 14.51" of precipitation a year and 49% of it in a single three-month stretch. That climate drives 875 cooling and 4,278 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Grant County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Grant County
Full Grant County cost breakdown · Every county in New Mexico
Common questions
How much does it cost to own a home in Santa Clara?
A $121,000 home in Santa Clara, New Mexico costs approximately $1,010 per month with 20% down at 6.66%. That is $622 principal and interest, $39 property tax, $53 homeowners insurance, $195 utilities and $101 set aside for maintenance.
What is the property tax rate in Santa Clara?
Santa Clara has an effective property tax rate of 0.385%, based on a median home value of $120,900 and median real estate taxes of $465. That is lower than the Grant County average of 0.460%.
What is the average home price in Santa Clara?
The median owner-occupied home value in Santa Clara, New Mexico is $120,900, against $164,400 across Grant County.
Is it cheaper to rent or buy in Santa Clara?
Median gross rent in Santa Clara is $710 a month, against $1,010 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 Santa Clara — 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.