Total monthly cost of ownership
Cost to Own a Home in Taos, New Mexico
A $433,000 home here costs
$3,097per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,226. The real number is $871 higher every month — 39% 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.
Taos against Taos County and New Mexico
| Measure | Taos | Taos County |
|---|---|---|
| Median home value | $432,700 | $354,000 |
| Median property tax | $1,504 | $1,164 |
| Effective tax rate | 0.348% | 0.329% |
| Median gross rent | $915 | $1,069 |
| Population | 6,468 | 34,516 |
The weather behind that power bill
Taos sits in Taos County, which averages a high of 83.0°F in its hottest month and a low of 7.9°F in its coldest, with 13.37" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 130 cooling and 7,384 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Taos County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Taos County
Full Taos County cost breakdown · Every county in New Mexico
Common questions
How much does it cost to own a home in Taos?
A $433,000 home in Taos, New Mexico costs approximately $3,097 per month with 20% down at 6.66%. That is $2,226 principal and interest, $126 property tax, $190 homeowners insurance, $195 utilities and $361 set aside for maintenance.
What is the property tax rate in Taos?
Taos has an effective property tax rate of 0.348%, based on a median home value of $432,700 and median real estate taxes of $1,504. That is higher than the Taos County average of 0.329%.
What is the average home price in Taos?
The median owner-occupied home value in Taos, New Mexico is $432,700, against $354,000 across Taos County.
Is it cheaper to rent or buy in Taos?
Median gross rent in Taos is $915 a month, against $3,097 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 Taos — 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.