Home/New Mexico/Luna County

Luna County Housing Market

New Mexico · 33 counties · Ranked #477 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$112,500

vs national$112,500 vs $281,900 national

Median Gross Rent

$685/mo

vs national$685 vs $1,163 national

Effective Tax Rate

0.58%

vs national0.58% vs 1.02% national

Median Household Income

$37,917

vs national$37,917 vs $74,755 national

Affordability Ratio

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

30.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$648

Tax as % of Home Value

0.58%

Monthly Owner Cost

$560

Renter Income

$26,262

Take Action

Property Tax

Lower Your Property Tax

Ownwell can help you appeal your property tax assessment. Average savings: $$97+/year.

Mortgage

Compare Mortgage Rates

See current mortgage rates from multiple lenders. Shop and compare to find your best rate.

Home Search

Browse Homes on Zillow

Search active listings in Luna County. See photos, prices, and open house dates.

Similar Counties by Home Value

Explore Related Data

Frequently Asked Questions

What is the median home value in Luna County?

The median home value in Luna County is $112,500. This is below the national median of $281,900.

How much is rent in Luna County?

The median gross rent in Luna County is $685 per month.

What is the property tax rate in Luna County?

The effective property tax rate in Luna County is 0.58%. The median annual property tax bill is $648.

Is Luna County affordable?

With a home-value-to-income ratio of 3x, Luna County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.