Mortgage Rates in New Mexico
Updated April 2026
Key Mortgage Metrics
Median Home Price
$305,000
30-Year Fixed Rate
6.8%
Property Tax Rate
0.8%
Est. Annual Property Tax
$2,440
Housing Market in New Mexico
The median home price in New Mexico is currently $305,000, with an average 30-year fixed mortgage rate of 6.8%. Property taxes in New Mexico average 0.8% of home value, translating to approximately $2,440 annually on a median-priced home.
Use our mortgage calculator to estimate your monthly payments based on your specific down payment and loan terms.
First-Time Homebuyer Programs
New Mexico offers several programs to help first-time homebuyers:
- New Mexico Mortgage Finance Authority
- Housing programs
Contact your state housing finance agency for eligibility requirements and application details.
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