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San Miguel County Housing Market

New Mexico · 33 counties · Ranked #1616 in home value

Below National Avg

Housing at a Glance

Median Home Value

$177,600

vs national$177,600 vs $281,900 national

Median Gross Rent

$774/mo

vs national$774 vs $1,163 national

Effective Tax Rate

0.56%

vs national0.56% vs 1.02% national

Median Household Income

$47,400

vs national$47,400 vs $74,755 national

Affordability Ratio

3.7x

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

Rent Burden

32.0%

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

More Housing Data

Property Tax (Median)

$991

Tax as % of Home Value

0.56%

Monthly Owner Cost

$531

Renter Income

$21,535

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Frequently Asked Questions

What is the median home value in San Miguel County?

The median home value in San Miguel County is $177,600. This is below the national median of $281,900.

How much is rent in San Miguel County?

The median gross rent in San Miguel County is $774 per month.

What is the property tax rate in San Miguel County?

The effective property tax rate in San Miguel County is 0.56%. The median annual property tax bill is $991.

Is San Miguel County affordable?

With a home-value-to-income ratio of 3.7x, San Miguel County is moderately 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.