Total monthly cost of ownership
Cost to Own a Home in Tularosa, New Mexico
A $118,000 home here costs
$1,001per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $607. The real number is $394 higher every month — 65% 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.
Tularosa against Otero County and New Mexico
| Measure | Tularosa | Otero County |
|---|---|---|
| Median home value | $117,600 | $149,500 |
| Median property tax | $588 | $841 |
| Effective tax rate | 0.500% | 0.563% |
| Median gross rent | $1,043 | $926 |
| Population | 2,584 | 68,235 |
The weather behind that power bill
Tularosa sits in Otero County, which averages a high of 74.3°F in its hottest month and a low of 19.0°F in its coldest, with 28.45" of precipitation a year and 48% of it in a single three-month stretch. That climate drives 8 cooling and 7,031 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Otero County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Otero County
Full Otero County cost breakdown · Every county in New Mexico
Common questions
How much does it cost to own a home in Tularosa?
A $118,000 home in Tularosa, New Mexico costs approximately $1,001 per month with 20% down at 6.66%. That is $607 principal and interest, $49 property tax, $52 homeowners insurance, $195 utilities and $98 set aside for maintenance.
What is the property tax rate in Tularosa?
Tularosa has an effective property tax rate of 0.500%, based on a median home value of $117,600 and median real estate taxes of $588. That is lower than the Otero County average of 0.563%.
What is the average home price in Tularosa?
The median owner-occupied home value in Tularosa, New Mexico is $117,600, against $149,500 across Otero County.
Is it cheaper to rent or buy in Tularosa?
Median gross rent in Tularosa is $1,043 a month, against $1,001 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Tularosa — 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.