Housing in Indian Hills

A typical Indian Hills home is worth roughly $144,000

Typical home value

$144K

NM $318K

Estimate

2-bedroom rent

$1,470

a month, utilities in · HUD

Median tax bill

$764

NM $1,731

What kind of housing town is Indian Hills?

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

Your money goes further55% below the New Mexico typical home.A town of owners92% of households own their home.

★ What stands out · Affordability

A typical home costs 3.4 years of income

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

You could afford about

$172,000

Typical Indian Hills home $144K

That covers a typical Indian Hills home, with $29K to spare.

The typical home, each month

$820

Loan $710Tax $60Insurance $40

A two-bedroom rents for about $1,470 a month here, $650 more than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Indian Hills’s typical property tax (0.53% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

92% of Indian Hills households own their home

Half of Indian Hills’s homes were built before 1993.

Owners and renters

Own 92%Rent 8%

New Mexico: 70% own.

1993

typical home built · NM 1985

$764

median property tax bill · NM $1,731

0.53%

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

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Renting

A two-bedroom rents for about $1,470

Fair Market Rent a month, utilities included

Studio$1,120

1 bedroom$1,240

2 bedrooms$1,470

3 bedrooms$1,860

4 bedrooms$1,990

of households rent · NM 30%

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

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What Indian Hills buyers, sellers and renters are saying.

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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.