Income needed to buy a home
De Baca County, NM
$36,311
a year in household income to buy the typical De Baca County home with 10% down.
The monthly math
Typical home value$112,013
Down payment (10%)$11,201
Loan$100,812
Principal and interest (7.40%)$698/mo
Property tax (0.55% a year)$51/mo
Homeowners insurance (estimate)$56/mo
Mortgage insurance$42/mo
Total monthly cost$847/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
We don't have a median income for this county.
In New Mexico
De Baca County ranks #2 of 30 for the income a home takes, from least to most.
Easiest to afford in New Mexico
| County | Typical home | Income needed |
|---|---|---|
| Quay County | $111,921 | $36,249 |
| Hidalgo County | $112,940 | $36,329 |
| Union County | $119,082 | $37,556 |
| Roosevelt County | $150,001 | $48,915 |
| Luna County | $156,692 | $50,795 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.