Rio Arriba County, New Mexico home prices
Typical home $331,139 · +2.3% in a year · property tax 0.42%
The typical home in Rio Arriba County is worth $331,139, 5% more than the New Mexico typical home ($315,812). Values changed +2.3% in the past year and +12.9% over five years. Homeowners here pay a median 0.42% of their home's value in property tax each year ($1,387 on the typical home), versus 0.63% statewide.
Mortgage on the typical Rio Arriba County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $66,228 | $264,911 | $1,782 | $0 | $281 | $2,063 | $88,400 |
| 10% down | $33,114 | $298,025 | $2,005 | $124 | $281 | $2,410 | $103,300 |
| 5% down | $16,557 | $314,582 | $2,116 | $131 | $281 | $2,528 | $108,400 |
| 3.5% down (FHA) | $11,590 | $325,141 | $2,187 | $146 | $281 | $2,615 | $112,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.42% 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 Espa±ola metro area.
New Mexico counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Lincoln County | $335,919 | -3.4% | 0.53% |
| Valencia County | $318,413 | +2.9% | 0.62% |
| Bernalillo County | $347,674 | +1.7% | 0.9% |
| Sandoval County | $373,280 | +0.6% | 0.73% |
| Dona Ana County | $285,351 | -0.6% | 0.67% |
| San Juan County | $273,559 | +6.8% | 0.68% |
| 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% |
| Taos County | $424,746 | -0.8% | 0.29% |
Frequently asked questions
What is the average home price in Rio Arriba County, NM?
The typical home value in Rio Arriba County is $331,139 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Rio Arriba County?
About $88,400 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Rio Arriba County?
The median effective rate is 0.42% of home value a year (Census ACS 2024 5-year estimates).