Housing in Polvadera

A typical Polvadera home is worth roughly $124,000

Typical home value

$124K

NM $318K

Estimate

2-bedroom rent

$970

a month, utilities in · HUD

Median tax bill

$587

NM $1,731

What kind of housing town is Polvadera?

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

Your money goes further61% below the New Mexico typical home.

★ What stands out · Affordability

A typical home costs 4.6 years of income

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

You could afford about

$112,000

Typical Polvadera home $124K

That’s $12K short of a typical Polvadera home.

The typical home, each month

$700

Loan $610Tax $50Insurance $40

A two-bedroom rents for about $970 a month here, $270 more than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Polvadera’s typical property tax (0.47% 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

Fair Market Rent a month, utilities included

Studio$720

1 bedroom$890

2 bedrooms$970

3 bedrooms$1,350

4 bedrooms$1,570

17%

of households rent · NM 30%

renter households

100%

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

43%

of the median income, for a two-bedroom

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

The homes

83% of Polvadera households own their home

Half of Polvadera’s homes were built before 1983.

Owners and renters

Own 83%Rent 17%

New Mexico: 70% own.

1983

typical home built · NM 1985

$587

median property tax bill · NM $1,731

0.47%

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

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

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What Polvadera 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.