Even on the area’s higher pay, Las Campanas costs more to live in than 90% of U.S. towns
Census 2020–24 home values, rents, tax bills and cost burden, measured against the median household income of the Santa Fe, NM metro area ($79K). How TownRatings grades cost of living
The grade measures what housing costs against what households in the area earn. Las Campanas’ area earns well above the typical U.S. town ($79K against $74K), but homes, rent and taxes here run higher still. Owners keep up no better than renters: 22% of owners pay 30% or more of income for housing (typical U.S. town: 20%), against 0% of renters.
In dollars
- $1,500a month for a two-bedroom, utilities includedHUD Fair Market Rent, 2026
- 99prices across the Santa Fe metro, where the U.S. is 100 (housing 108)BEA Regional Price Parities, 2024
In paychecks the grade
- 19.5 yrsof area income buys the typical home; the typical U.S. town: 3.3$79K, Santa Fe-area income
- 22%of owners do; the typical U.S. town: 20%Census 2020–24
The short version on homes in Las Campanas
Renting costs far less than owning
A two-bedroom rents for about $1,500 a month. Owning the typical Las Campanas home, with 20% down at the calculator’s rate, runs about $9,240 with tax and insurance: 6 times as much. Can I afford it? ↓
Nearly every household owns
97% of Las Campanas households own their home, against 70% across New Mexico. There are only 26 renter households, so rentals are scarce. Property taxes ↓
Mostly newer homes
Half of Las Campanas’ homes were built after 2005, against 1985 for New Mexico as a whole. Property taxes ↓
A low property tax rate
Owners pay about 0.42% of a home’s value a year in property tax, against 0.70% across New Mexico. Because homes cost more, the median bill is still $6,520 (New Mexico: $1,731). Property taxes ↓
Written from the data on this page. There’s no Zillow index for Las Campanas, so the typical value is an estimate: the Census median carried forward with the federal house price index; sales and supply are Redfin’s for September 2026; incomes, rents paid, taxes and ownership come from the Census American Community Survey.
What’s behind Las Campanas’ grade
Measured against what households in the area earn, Las Campanas is more affordable than 10% of U.S. towns. Home prices pull the grade down most; the share of households paying 30%+ for housing holds it up.
Home prices up 36% in 5 years
The federal house price index for the ZIP code around Las Campanas rose 36% over the past 5 years, slower than across New Mexico (50%). Last year prices fell 0.7%. Carrying the Census median home value forward with that index puts the typical Las Campanas home at roughly $1,652,000 today.
Carrying the Census median forward with the index puts a typical home at about $1.65M.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Las Campanas, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
Too few sales to read the market
Only 10 homes sold in September 2026, the latest month in Redfin’s figures: too few to describe the market or quote a median sale price.
A typical home costs 19.5 years of area income
The calculator starts from the area income the grade uses. Switch to Las Campanas’s own median, or type yours.
That’s $1.32M short of a typical Las Campanas home.
A two-bedroom rents for about $1,500 a month here, $7,740 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Las Campanas’s typical property tax (0.42% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,500
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Santa Fe, NM MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
High tax bills, but a low tax rate
The median bill is $6,520 (New Mexico: $1,731), because homes cost more. As a share of value it’s 0.42% a year, against 0.70% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
The rest of a budget near Las Campanas
Only figures published free for the whole country, each labeled with the area it covers: the Santa Fe, NM metro area, or New Mexico. Groceries follow the goods price level; nobody publishes them town by town.
| Cost | Here | Compared with | Area | Source |
|---|---|---|---|---|
| Prices overall U.S. = 100 | 99 | NM 92 | metro | BEA, 2024 |
| Goods (groceries, clothing, cars…) U.S. = 100 | 96 | NM 96 | metro | BEA, 2024 |
| Utilities U.S. = 100 | 77 | NM 78 | metro | BEA, 2024 |
| Other services U.S. = 100 | 99 | NM 99 | metro | BEA, 2024 |
Price levels: U.S. Bureau of Economic Analysis, Regional Price Parities 2024 (metro area and state). Electricity: U.S. Energy Information Administration, Electric Power Monthly, table 5.6.A.
Las Campanas vs. its neighbors
Zillow publishes no value for Las Campanas. Tano Road and Tres Arroyos have no Zillow value, so they are in the table only.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, latest | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Las Campanas | D | — | $1.5M | 0.42% | $1,500 |
| Tres Arroyos | C | — | $679K | 0.47% | $1,560 |
| La Tierra | – | — | $2.0M | 0.20% | $1,500 |
| Tano Road | D | — | $1.1M | 0.50% | $1,500 |
“—” under Zillow: Zillow publishes no value for that town, so it’s left blank rather than mixed with Census figures. “—” under Cost: not graded (too little Census data, or under 1,000 residents).
Questions about the cost of living in Las Campanas
Is Las Campanas expensive to live in?
Measured against what households in the area earn, Las Campanas costs more than 90% of U.S. towns: a D for cost of living. The typical home costs 19.5 years of the median household income of the Santa Fe, NM metro area ($79K).
How much is rent in Las Campanas?
HUD puts a two-bedroom at about $1,500 a month with utilities, the going rate for someone moving in.
What are property taxes in Las Campanas?
The median bill is $6,520 a year, 0.42% of the median home value (New Mexico: $1,731, 0.70%), from the Census 2020–24.
Neighbors talk housing
What Las Campanas buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, September 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.