San Miguel County, New Mexico home prices
Typical home $246,341 · +4.7% in a year · property tax 0.57%
The typical home in San Miguel County is worth $246,341, 22% less than the New Mexico typical home ($315,812). Values changed +4.7% in the past year and +9.5% over five years. Homeowners here pay a median 0.57% of their home's value in property tax each year ($1,413 on the typical home), versus 0.63% statewide.
Mortgage on the typical San Miguel County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $49,268 | $197,073 | $1,326 | $0 | $241 | $1,567 | $67,100 |
| 10% down | $24,634 | $221,707 | $1,491 | $92 | $241 | $1,825 | $78,200 |
| 5% down | $12,317 | $234,024 | $1,574 | $98 | $241 | $1,913 | $82,000 |
| 3.5% down (FHA) | $8,622 | $241,879 | $1,627 | $109 | $241 | $1,977 | $84,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.57% 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 Las Vegas metro area.
New Mexico counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Colfax County | $244,949 | -2.7% | 0.52% |
| Eddy County | $247,965 | +3.1% | 0.52% |
| Otero County | $229,953 | -1.8% | 0.55% |
| San Juan County | $273,559 | +6.8% | 0.68% |
| Torrance County | $217,224 | +6.0% | 0.45% |
| McKinley County | $216,464 | -2.1% | 2% |
| Catron County | $212,317 | +8.5% | 0.36% |
| Dona Ana County | $285,351 | -0.6% | 0.67% |
| Socorro County | $197,130 | +3.3% | 0.61% |
| Lea County | $196,513 | +3.0% | 0.48% |
Frequently asked questions
What is the average home price in San Miguel County, NM?
The typical home value in San Miguel County is $246,341 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in San Miguel County?
About $67,100 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in San Miguel County?
The median effective rate is 0.57% of home value a year (Census ACS 2024 5-year estimates).