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Torrance County Housing Market

New Mexico · 33 counties · Ranked #1056 in home value

Below National Avg

Housing at a Glance

Median Home Value

$145,100

vs national$145,100 vs $281,900 national

Median Gross Rent

$845/mo

vs national$845 vs $1,163 national

Effective Tax Rate

0.47%

vs national0.47% vs 1.02% national

Median Household Income

$46,250

vs national$46,250 vs $74,755 national

Affordability Ratio

3.1x

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

Rent Burden

24.0%

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

More Housing Data

Property Tax (Median)

$677

Tax as % of Home Value

0.47%

Monthly Owner Cost

$599

Renter Income

$35,320

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Mortgage

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Similar Counties by Home Value

Jefferson Davis Parish

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Frequently Asked Questions

What is the median home value in Torrance County?

The median home value in Torrance County is $145,100. This is below the national median of $281,900.

How much is rent in Torrance County?

The median gross rent in Torrance County is $845 per month.

What is the property tax rate in Torrance County?

The effective property tax rate in Torrance County is 0.47%. The median annual property tax bill is $677.

Is Torrance County affordable?

With a home-value-to-income ratio of 3.1x, Torrance 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.