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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

Santa Cruz, NM Housing Affordability Index

Santa Cruz, New Mexico has an MBR Housing Affordability Index score of 92.4 (Near National Average) as of October 30, 2026, ranking 139th most affordable of 147 scored New Mexico cities, compared with 112.1 statewide and 97.4 nationally. On a median-priced $253,100 home with 20% down, the New Mexico average 30-year fixed rate of 7.26% means a monthly principal and interest payment of about $1,382, or 49% of the city’s $33,750 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Santa Cruz 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.

Santa Cruz MBR-HAI 92.4 Near National Average
Rank in New Mexico 139 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 $253,100 U.S. Census Bureau

Santa Cruz is 19.7 points below the New Mexico score. Scores as of October 30, 2026. See the New Mexico index

View Santa Cruz Mortgage Rates

What It Takes to Buy in Santa Cruz

$1,382/mo
Principal & Interest
Median home, 20% down, 7.26%
$59,200
Income Needed
To keep the payment at 28% of income
$33,750
Median Household Income
New Mexico: $64,059
7.5x
Price-to-Income Ratio
New Mexico: 3.9x
$588/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,150/yr
Median Property Tax
0.45% of median value
21.4%
Owner Cost Burden
Owners spending 30%+ of income on housing
64.0%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Santa Cruz Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Santa Cruz, New Mexico score: 92.4 (Near National Average), ranked 139 of 147 New Mexico cities. monitorbankrates.com/housing-affordability-index/new-mexico/santa-cruz”