Ranked from ACS 2023 5-Year
Cheapest Counties to Own a Home Outright in New Mexico
Paying off a mortgage does not end the cost of a house. This ranks counties by what the median home still costs every month with no loan at all: property tax, insurance, electricity, water and maintenance. Nowhere in America is it zero.
Where does yours land?
Every county in America is somewhere on this scale, including the one you live in.
New Mexico ranked
| # | County | Monthly if paid off | Median home | Effective rate |
|---|---|---|---|---|
| 1 | Harding County | $311 | $86,500 | 0.379% |
| 2 | Quay County | $320 | $82,200 | 0.617% |
| 3 | Guadalupe County | $356 | $107,200 | 0.525% |
| 4 | Hidalgo County | $362 | $114,000 | 0.461% |
| 5 | Luna County | $370 | $112,500 | 0.576% |
| 6 | McKinley County | $378 | $72,100 | 1.889% |
| 7 | Mora County | $379 | $119,900 | 0.535% |
| 8 | Roosevelt County | $396 | $136,000 | 0.436% |
| 9 | Cibola County | $408 | $120,000 | 0.819% |
| 10 | Union County | $411 | $135,900 | 0.571% |
| 11 | Torrance County | $414 | $145,100 | 0.467% |
| 12 | Socorro County | $421 | $143,200 | 0.553% |
| 13 | Sierra County | $423 | $144,800 | 0.548% |
| 14 | Chaves County | $430 | $141,900 | 0.645% |
| 15 | Otero County | $433 | $149,500 | 0.563% |
| 16 | De Baca County | $440 | $158,000 | 0.499% |
| 17 | Catron County | $440 | $171,800 | 0.339% |
| 18 | Grant County | $445 | $164,400 | 0.460% |
| 19 | Curry County | $452 | $160,800 | 0.555% |
| 20 | Colfax County | $455 | $161,000 | 0.576% |
| 21 | Lea County | $466 | $176,000 | 0.468% |
| 22 | San Miguel County | $482 | $177,600 | 0.558% |
| 23 | Eddy County | $510 | $199,400 | 0.499% |
| 24 | San Juan County | $513 | $185,100 | 0.675% |
| 25 | Lincoln County | $538 | $212,200 | 0.539% |
| 26 | Valencia County | $550 | $206,800 | 0.660% |
| 27 | Rio Arriba County | $550 | $230,900 | 0.433% |
| 28 | Doña Ana County | $552 | $205,400 | 0.684% |
| 29 | Sandoval County | $711 | $282,300 | 0.761% |
| 30 | Taos County | $720 | $354,000 | 0.329% |
| 31 | Bernalillo County | $727 | $268,500 | 0.947% |
| 32 | Santa Fe County | $879 | $416,900 | 0.506% |
| 33 | Los Alamos County | $965 | $452,500 | 0.573% |
Every figure is modelled on the county's own median home with 20% down at 7.03%. Property tax and electricity are county and state specific; homeowners insurance uses the NAIC average premium for that state, which ranges from 0.16% of home value in Hawaii to 1.16% in Oklahoma. Maintenance and water are national estimates. Full methodology.
Nationwide
Cheapest Counties to Own a Home Outright across all 3,133 US counties · Every county in New Mexico