Mortgage Rates in Taos, New Mexico — March 2026
Updated March 2026 | Based on Taos market data and regional lending conditions
Taos is a growing city in New Mexico with a population of 5,959. The current 30-year fixed mortgage rate in Taos is 6.7%, which is 0.05% above the national average. With a median home price of $190,000 and a 20% down payment of $38,000, homebuyers can expect a monthly principal and interest payment of approximately $981.
Current Mortgage Rates in Taos, NM
Below are the current average mortgage rates available in the Taos area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.7% | 6.65% | +0.05% |
| 15-Year Fixed | 5.95% | 5.89% | +0.06% |
| 5/1 ARM | 6.22% | 6.15% | +0.07% |
| FHA | 6.47% | 6.25% | +0.22% |
| VA | 6.22% | 6.05% | +0.17% |
| Jumbo | 6.95% | 6.85% | +0.1% |
Taos Housing Market Overview
The Taos housing market offers relatively affordable housing compared to many major cities. The median household income in Taos is $51,100, and the cost of living index is 95.3 (national average = 100). Based on the 28% affordability rule, the median income in Taos is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Taos
Based on the median home price of $190,000 with 20% down ($38,000), here is what you can expect to pay monthly in Taos:
15-Year vs. 30-Year Mortgage in Taos
Choosing a 15-year mortgage in Taos at 5.95% instead of a 30-year at 6.7% would save you $122,940 in total interest over the life of the loan. However, your monthly payment would be $1,279 instead of $981 — an increase of $298 per month.
Calculate Your Taos Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Taos
What are the current mortgage rates in Taos, NM?
As of March 2026, the average 30-year fixed mortgage rate in Taos, New Mexico is 6.7%, while the 15-year fixed rate is 5.95%. FHA loans average 6.47% and VA loans 6.22%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in Taos?
Based on the median home price of $190,000 with 20% down, the estimated monthly mortgage payment in Taos is $981 for principal and interest. Including property taxes of $130/month, the total monthly housing cost is approximately $1,111.
What income do I need to buy a home in Taos?
Using the 28% rule, you would need an annual income of approximately $47,614 to afford the median-priced home in Taos at $190,000. The median household income in Taos is $51,100. The median income is currently sufficient to meet this threshold.
Is Taos a good place to buy a home in 2026?
Taos offers a below-average cost of living with a cost of living index of 95.3 (national average = 100). The property tax rate in New Mexico is 0.82%, which is near the national average. Taos has a population of 5,959 and offers a balanced lifestyle.
Mortgage Rates in Other New Mexico Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Taos, New Mexico area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.