Valencia County, New Mexico home prices
Typical home $318,413 · +2.9% in a year · property tax 0.62%
The typical home in Valencia County is worth $318,413, about the same as the New Mexico typical home ($315,812). Values changed +2.9% in the past year and +28.7% over five years. Homeowners here pay a median 0.62% of their home's value in property tax each year ($1,962 on the typical home), versus 0.63% statewide.
Mortgage on the typical Valencia County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $63,683 | $254,731 | $1,714 | $0 | $323 | $2,036 | $87,300 |
| 10% down | $31,841 | $286,572 | $1,928 | $119 | $323 | $2,370 | $101,600 |
| 5% down | $15,921 | $302,493 | $2,035 | $126 | $323 | $2,484 | $106,400 |
| 3.5% down (FHA) | $11,144 | $312,646 | $2,103 | $141 | $323 | $2,567 | $110,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.62% 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 Albuquerque metro area.
New Mexico counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Rio Arriba County | $331,139 | +2.3% | 0.42% |
| Lincoln County | $335,919 | -3.4% | 0.53% |
| Bernalillo County | $347,674 | +1.7% | 0.9% |
| Dona Ana County | $285,351 | -0.6% | 0.67% |
| San Juan County | $273,559 | +6.8% | 0.68% |
| Sandoval County | $373,280 | +0.6% | 0.73% |
| 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% |
| Otero County | $229,953 | -1.8% | 0.55% |
Frequently asked questions
What is the average home price in Valencia County, NM?
The typical home value in Valencia County is $318,413 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Valencia County?
About $87,300 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Valencia County?
The median effective rate is 0.62% of home value a year (Census ACS 2024 5-year estimates).