Compare Bernalillo, NM mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Bernalillo.
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August 18, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in Bernalillo. Understand how much you need to earn to afford a home in Bernalillo, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Bernalillo fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Bernalillo is right for you.
The median home value for Bernalillo, NM (Sandoval County) is $281,707
Based on current mortgage rates and a 10% down payment, you need to make $58,769 per year to buy the median priced home in Bernalillo
With this income, you could qualify for a $253,537 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Bernalillo is $1,361
The median household income for Bernalillo, NM (Sandoval County) is $73,204
Based on this income, you can afford a home valued at approximately $350,905
The home price you can afford to buy based on household income in Bernalillo is 125% of the median home value which means housing prices are average. Bernalillo (Sandoval County) ranks 23 out of 33 counties in New Mexico and 2,429 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Bernalillo, NM is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Bernalillo (Sandoval County) below.
Conforming loan limits for Bernalillo, NM
FHA loan limits for Bernalillo, NM