Housing in Crownpoint

A typical Crownpoint home is worth roughly $61,000

#2Most affordable in NM #5Cheapest rent in NM All NM rankings →

Typical home value

$61K

NM $318K

Estimate

2-bedroom rent

$970

a month, utilities in · HUD

What kind of housing town is Crownpoint?

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

Your money goes further81% below the New Mexico typical home.Rent is cheap#5 in NM for the cheapest rent.A renters’ town56% of households rent.

★ What stands out · Affordability

A typical home costs 1.2 years of income

Less than across New Mexico (5 years). Try your own numbers below.

You could afford about

$204,000

Typical Crownpoint home $61K

That covers a typical Crownpoint home, with $143K to spare.

The typical home, each month

$360

Loan $300Tax $40Insurance $20

A two-bedroom rents for about $970 a month here, $610 more than owning.

How Crownpoint ranks on affordability →

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the New Mexico typical property tax (0.70% 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 $970

Renters already here pay a median of $593, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$760

1 bedroom$800

2 bedrooms$970

3 bedrooms$1,310

4 bedrooms$1,420

56%

of households rent · NM 30%

451

renter households

42%

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

23%

of the median income, for a two-bedroom

$593

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Farmington, 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

44% of Crownpoint households own their home

Half of Crownpoint’s homes were built before 1983.

Owners and renters

Own 44%Rent 56%

New Mexico: 70% own.

1983

typical home built · NM 1985

of homes are seasonal or vacation homes

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

Neighbors talk housing

What Crownpoint buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Crownpoint 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. 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.