Bernalillo County, New Mexico home prices
Typical home $347,674 · +1.7% in a year · property tax 0.9%
The typical home in Bernalillo County is worth $347,674, 10% more than the New Mexico typical home ($315,812). Values changed +1.7% in the past year and +28.7% over five years. Homeowners here pay a median 0.9% of their home's value in property tax each year ($3,121 on the typical home), versus 0.63% statewide.
Mortgage on the typical Bernalillo County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $69,535 | $278,139 | $1,871 | $0 | $434 | $2,305 | $98,800 |
| 10% down | $34,767 | $312,906 | $2,105 | $130 | $434 | $2,669 | $114,400 |
| 5% down | $17,384 | $330,290 | $2,222 | $138 | $434 | $2,793 | $119,700 |
| 3.5% down (FHA) | $12,169 | $341,376 | $2,296 | $154 | $434 | $2,884 | $123,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.9% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in New Mexico · part of the Albuquerque metro area.
New Mexico counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Lincoln County | $335,919 | -3.4% | 0.53% |
| Rio Arriba County | $331,139 | +2.3% | 0.42% |
| Sandoval County | $373,280 | +0.6% | 0.73% |
| Valencia County | $318,413 | +2.9% | 0.62% |
| Dona Ana County | $285,351 | -0.6% | 0.67% |
| San Juan County | $273,559 | +6.8% | 0.68% |
| Taos County | $424,746 | -0.8% | 0.29% |
| Eddy County | $247,965 | +3.1% | 0.52% |
| San Miguel County | $246,341 | +4.7% | 0.57% |
| Colfax County | $244,949 | -2.7% | 0.52% |
Frequently asked questions
What is the average home price in Bernalillo County, NM?
The typical home value in Bernalillo County is $347,674 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Bernalillo County?
About $98,800 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Bernalillo County?
The median effective rate is 0.9% of home value a year (Census ACS 2024 5-year estimates).