Total monthly cost of ownership
Cost to Own a Home in Waterflow, New Mexico
A $168,000 home here costs
$1,400per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $60,000 a year.
A standard mortgage calculator would have told you $916. The real number is $484 higher every month, 53% more than the payment most buyers budget for.
Compare San Juan County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Waterflow from a five-year rolling sample, and with about 1,215 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 San Juan 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.
Waterflow against San Juan County and New Mexico
| Measure | Waterflow | San Juan County |
|---|---|---|
| Median home value | $167,700 | $185,100 |
| Median property tax | — | $1,249 |
| Effective tax rate | 0.675% | 0.675% |
| Median gross rent | $1,602 | $917 |
| Population | 1,215 | 121,178 |
The weather behind that power bill
Waterflow sits in San Juan County, which averages a high of 93.3°F in its hottest month and a low of 19.2°F in its coldest, with 7.76" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 995 cooling and 5,268 heating degree days, which is what sets the $108 electricity line above.
See the full climate breakdown for San Juan County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in San Juan County
Full San Juan County cost breakdown · Every county in New Mexico
Talk to someone who works this market
These are Waterflow 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 Waterflow every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Waterflow I already own here and may sell
Common questions
How much does it cost to own a home in Waterflow?
A $168,000 home in Waterflow, New Mexico costs approximately $1,400 per month with 20% down at 7.24%. That is $916 principal and interest, $95 property tax, $74 homeowners insurance, $176 utilities and $140 set aside for maintenance.
What is the property tax rate in Waterflow?
Place-level tax data is not published for Waterflow, so the San Juan County rate of 0.675% applies here.
What is the average home price in Waterflow?
The median owner-occupied home value in Waterflow, New Mexico is $167,700, against $185,100 across San Juan County.
Is it cheaper to rent or buy in Waterflow?
Median gross rent in Waterflow is $1,602 a month, against $1,400 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Waterflow?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Waterflow, New Mexico at today's rate takes a household income of roughly $60,000 a year. That covers the full $1,400 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Waterflow, 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.