Housing in Agua Fria

A typical Agua Fria home is worth roughly $309,000

Home prices around Agua Fria have risen about 50% over the past 5 years.

#4Lowest property tax in NM All NM rankings →

Typical home value

$309K

▲ 1.6% in a year · NM $318K

Estimate

2-bedroom rent

$1,590

a month, utilities in · HUD

Median tax bill

$514

NM $1,731

What kind of housing town is Agua Fria?

Read from the numbers below. The page puts what stands out first.

Low tax bills#4 of 64 in NM for the lowest property tax bills.A renters’ town58% of households rent.Newer homesThe typical home was built around 1995.

★ What stands out · Affordability

A typical home costs 4.7 years of income

About the same as across New Mexico. Try your own numbers below.

You could afford about

$280,000

Typical Agua Fria home $309K

That’s $29K short of a typical Agua Fria home.

The typical home, each month

$1,670

Loan $1,530Tax $50Insurance $90

A two-bedroom rents for about $1,590 a month here, $80 less than owning.

How Agua Fria ranks on affordability →

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Agua Fria’s typical property tax (0.20% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $1,590

Renters already here pay a median of $1,158, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$1,190

1 bedroom$1,310

2 bedrooms$1,590

3 bedrooms$2,000

4 bedrooms$2,110

58%

of households rent · NM 30%

737

renter households

45%

of renters spend 30%+ of income on rent · NM 50%

29%

of the median income, for a two-bedroom

$1,158

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Santa Fe, NM MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

The homes

42% of Agua Fria households own their home

Half of Agua Fria’s homes were built before 1995.

Owners and renters

Own 42%Rent 58%

New Mexico: 70% own.

1995

typical home built · NM 1985

$514

median property tax bill · NM $1,731

0.20%

of a home’s value, a year in tax · NM 0.70%

U.S. Census Bureau, American Community Survey 2020-2024.

Price trend

Home prices up 50% in 5 years

The federal house price index for the ZIP code around Agua Fria rose 50% over the past 5 years, about the same as across New Mexico. Last year prices rose 1.6%. Carrying the Census median home value forward with that index puts the typical Agua Fria home at roughly $309,000 today.

Agua Fria areaNew Mexico

+1.6%

past year

+50%

past 5 years

+107%

past 10 years

Estimated value

Carrying the Census median forward with the index puts a typical home at about $309K.

How Agua Fria ranks on rising home prices →

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Agua Fria, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

Neighbors talk housing

What Agua Fria buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Agua Fria still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.