Union County, New Mexico home prices
Typical home $107,344 · -9.9% in a year · property tax 0.7%
The typical home in Union County is worth $107,344, 66% less than the New Mexico typical home ($315,812). Values changed -9.9% in the past year and -3.0% over five years. Homeowners here pay a median 0.7% of their home's value in property tax each year ($751 on the typical home), versus 0.63% statewide.
Mortgage on the typical Union County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $21,469 | $85,875 | $578 | $0 | $116 | $694 | $29,700 |
| 10% down | $10,734 | $96,609 | $650 | $40 | $116 | $806 | $34,600 |
| 5% down | $5,367 | $101,976 | $686 | $42 | $116 | $845 | $36,200 |
| 3.5% down (FHA) | $3,757 | $105,399 | $709 | $47 | $116 | $873 | $37,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.7% 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 |
|---|---|---|---|
| Hidalgo County | $105,669 | -5.2% | 0.48% |
| De Baca County | $101,406 | +2.9% | 0.6% |
| Quay County | $96,160 | -3.8% | 0.61% |
| Roosevelt County | $144,463 | +1.5% | 0.45% |
| Cibola County | $159,086 | +8.5% | 0.8% |
| Curry County | $159,828 | +2.4% | 0.59% |
| Luna County | $163,798 | +4.3% | 0.54% |
| Chaves County | $171,293 | +0.4% | 0.6% |
| Grant County | $178,942 | -4.8% | 0.46% |
| Sierra County | $180,323 | +4.2% | 0.52% |
Frequently asked questions
What is the average home price in Union County, NM?
The typical home value in Union County is $107,344 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Union County?
About $29,700 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Union County?
The median effective rate is 0.7% of home value a year (Census ACS 2024 5-year estimates).