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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Aztec, NM Housing Affordability Index

Aztec, New Mexico has an MBR Housing Affordability Index score of 105.6 (Near National Average) as of October 30, 2026, ranking 121st most affordable of 147 scored New Mexico cities, compared with 112.1 statewide and 97.4 nationally. On a median-priced $175,000 home with 20% down, the New Mexico average 30-year fixed rate of 7.26% means a monthly principal and interest payment of about $956, or 27% of the city’s $41,977 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Aztec is updated every night from live New Mexico mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Aztec MBR-HAI 105.6 Near National Average
Rank in New Mexico 121 of 147 1 = most affordable
New Mexico 112.1 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.26% New Mexico lenders
Median home value $175,000 U.S. Census Bureau

Aztec is 6.5 points below the New Mexico score. Scores as of October 30, 2026. See the New Mexico index

View Aztec Mortgage Rates

See What You Can Afford in Aztec, New Mexico

Use this Aztec, New Mexico home affordability calculator to see how much house you can afford at today’s New Mexico average 30-year mortgage rate of 7.26%. A household earning the Aztec median income of $41,977, with no other debts and $35,000 down, can afford a home of about $153,893, compared with a median home value of $175,000. Buying the median priced home with 20% down takes a household income of about $49,100 once property tax and insurance are counted.

Aztec median (Census)
Car, student loan, card minimums
Under 20% adds PMI
New Mexico average, 30-year fixed
Aztec median bill (Census)
Estimate; use your quote
You can afford a home up to
$153,893
Below the Aztec median home value of $175,000
Loan amount$118,893
Principal & interest$811/mo
Property tax$104/mo
Home insurance$64/mo
PMI$0/mo
Total monthly payment$979/mo
Compare Aztec Mortgage Rates

How much house can you afford in Aztec?

Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.

In Aztec, property taxes run about 0.81% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $2,505 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.

What It Takes to Buy in Aztec

$956/mo
Principal & Interest
Median home, 20% down, 7.26%
$41,000
Income Needed
To keep principal and interest at 28% of income
$41,977
Median Household Income
New Mexico: $64,059
4.2x
Price-to-Income Ratio
New Mexico: 3.9x
$803/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,421/yr
Median Property Tax
0.81% of median value
23.8%
Owner Cost Burden
Owners spending 30%+ of income on housing
58.0%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Aztec, New Mexico. The rate is the New Mexico average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Aztec Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Aztec, New Mexico score: 105.6 (Near National Average), ranked 121 of 147 New Mexico cities. monitorbankrates.com/housing-affordability-index/new-mexico/aztec”