Sierra County, New Mexico home prices
Typical home $180,323 · +4.2% in a year · property tax 0.52%
The typical home in Sierra County is worth $180,323, 43% less than the New Mexico typical home ($315,812). Values changed +4.2% in the past year and +11.2% over five years. Homeowners here pay a median 0.52% of their home's value in property tax each year ($932 on the typical home), versus 0.63% statewide.
Mortgage on the typical Sierra County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $36,065 | $144,258 | $970 | $0 | $168 | $1,138 | $48,800 |
| 10% down | $18,032 | $162,290 | $1,092 | $68 | $168 | $1,327 | $56,900 |
| 5% down | $9,016 | $171,307 | $1,152 | $71 | $168 | $1,392 | $59,600 |
| 3.5% down (FHA) | $6,311 | $177,057 | $1,191 | $80 | $168 | $1,439 | $61,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.52% 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.
New Mexico counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Grant County | $178,942 | -4.8% | 0.46% |
| Chaves County | $171,293 | +0.4% | 0.6% |
| Lea County | $196,513 | +3.0% | 0.48% |
| Luna County | $163,798 | +4.3% | 0.54% |
| Socorro County | $197,130 | +3.3% | 0.61% |
| Curry County | $159,828 | +2.4% | 0.59% |
| Cibola County | $159,086 | +8.5% | 0.8% |
| Catron County | $212,317 | +8.5% | 0.36% |
| Roosevelt County | $144,463 | +1.5% | 0.45% |
| McKinley County | $216,464 | -2.1% | 2% |
Frequently asked questions
What is the average home price in Sierra County, NM?
The typical home value in Sierra County is $180,323 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Sierra County?
About $48,800 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Sierra County?
The median effective rate is 0.52% of home value a year (Census ACS 2024 5-year estimates).