Photo: This illustration was made by Peter Potrowl. Please credit this with : © Peter Potrowl in the immediate vicinity of the image. A link to my website sitemai.eu would be much appreciated but isn't mandatory. An email to Peter Potrowl would be appreciated too. Do not copy this image illegally by ignoring the terms of the license below, as it is not in the public domain. If you would like special permission to use, license, or purchase the image please contact me Peter Potrowl to negotiate terms. More free pictures in my website. Donations are accepted here and here. · CC BY-SA 3.0Renting in Reserve: a two-bedroom costs about $970
Reserve is too small for a cost of living grade (TownRatings grades places of 1,000 or more).
Only 0 sales in September 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
What stands out about housing in Reserve
Why Reserve isn’t graded
The grade needs at least two of four Census figures: home value, rent, property tax and the share of households paying 30% or more for housing.
A two-bedroom rents for about $970
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Catron County, NM): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Property tax runs below the New Mexico norm
The median bill is $495 (New Mexico: $1,731), 0.40% of a home’s value 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+”.
Reserve and its neighbors
One source per column.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, September 2026 | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Reserve | – | $194K | $123K | 0.40% | $970 |
“—” under Cost: not graded (too little Census data, or under 1,000 residents).
Questions about the cost of living in Reserve
How much is rent in Reserve?
HUD puts a two-bedroom at about $970 a month with utilities, the going rate for someone moving in.
What are property taxes in Reserve?
The median bill is $495 a year, 0.40% of the median home value (New Mexico: $1,731, 0.70%), from the Census 2020–24.
Why doesn’t Reserve have a cost of living grade?
Reserve is too small for a cost of living grade (TownRatings grades places of 1,000 or more).
Neighbors talk housing
What Reserve buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, September 2026. Sales, days on market and supply: Redfin Data Center, September 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. 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.