Taos, NM home prices
Typical home $424,691 · -0.8% in a year · income needed $111,500
The Taos, NM metro area ranks 122 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -0.8% in a year and -7.5% over five years. With 20% down at 7.11%, the typical home costs about $2,602 a month including 0.29% property tax (Taos County rate).
Mortgage on the typical Taos home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $84,938 | $339,753 | $2,286 | $0 | $317 | $2,602 | $111,500 |
| 10% down | $42,469 | $382,222 | $2,571 | $159 | $317 | $3,047 | $130,600 |
| 5% down | $21,235 | $403,456 | $2,714 | $168 | $317 | $3,199 | $137,100 |
| 3.5% down (FHA) | $14,864 | $416,999 | $2,805 | $188 | $317 | $3,310 | $141,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.29% 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 Taos area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Taos County, NM | $424,746 | -0.8% | 0.29% |
What can you afford in New Mexico on your salary? · New Mexico home prices · Salaries in New Mexico
Frequently asked questions
How much is a house in Taos?
The typical home in the Taos, NM metro area is worth $424,691 (Zillow, September 2026).
What salary do you need to buy a house in Taos?
About $111,500 a year for the typical home with 20% down at 7.11%.