Espa±ola, NM home prices
Typical home $331,209 · +2.3% in a year · income needed $88,400
The Espa±ola, NM metro area ranks 257 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +2.3% in a year and +12.9% over five years. With 20% down at 7.11%, the typical home costs about $2,064 a month including 0.42% property tax (Rio Arriba County rate).
Mortgage on the typical Espa±ola home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $66,242 | $264,967 | $1,782 | $0 | $281 | $2,064 | $88,400 |
| 10% down | $33,121 | $298,088 | $2,005 | $124 | $281 | $2,411 | $103,300 |
| 5% down | $16,560 | $314,649 | $2,117 | $131 | $281 | $2,529 | $108,400 |
| 3.5% down (FHA) | $11,592 | $325,210 | $2,188 | $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.
Counties in the Espa±ola area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Rio Arriba County, NM | $331,139 | +2.3% | 0.42% |
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Frequently asked questions
How much is a house in Espa±ola?
The typical home in the Espa±ola, NM metro area is worth $331,209 (Zillow, September 2026).
What salary do you need to buy a house in Espa±ola?
About $88,400 a year for the typical home with 20% down at 7.11%.