McKinley County, New Mexico home prices
Typical home $216,464 · -2.1% in a year · property tax 2%
The typical home in McKinley County is worth $216,464, 31% less than the New Mexico typical home ($315,812). Values changed -2.1% in the past year and +6.1% over five years. Homeowners here pay a median 2% of their home's value in property tax each year ($4,329 on the typical home), versus 0.63% statewide.
Mortgage on the typical McKinley County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $43,293 | $173,172 | $1,165 | $0 | $469 | $1,634 | $70,000 |
| 10% down | $21,646 | $194,818 | $1,311 | $81 | $469 | $1,861 | $79,700 |
| 5% down | $10,823 | $205,641 | $1,383 | $86 | $469 | $1,938 | $83,100 |
| 3.5% down (FHA) | $7,576 | $212,544 | $1,430 | $96 | $469 | $1,995 | $85,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 2% 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 Gallup metro area.
New Mexico counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Torrance County | $217,224 | +6.0% | 0.45% |
| Catron County | $212,317 | +8.5% | 0.36% |
| Otero County | $229,953 | -1.8% | 0.55% |
| Socorro County | $197,130 | +3.3% | 0.61% |
| Lea County | $196,513 | +3.0% | 0.48% |
| Colfax County | $244,949 | -2.7% | 0.52% |
| San Miguel County | $246,341 | +4.7% | 0.57% |
| Eddy County | $247,965 | +3.1% | 0.52% |
| Sierra County | $180,323 | +4.2% | 0.52% |
| Grant County | $178,942 | -4.8% | 0.46% |
Frequently asked questions
What is the average home price in McKinley County, NM?
The typical home value in McKinley County is $216,464 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in McKinley County?
About $70,000 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in McKinley County?
The median effective rate is 2% of home value a year (Census ACS 2024 5-year estimates).