Even on the area’s higher pay, Tres Arroyos costs more to live in than 68% of U.S. towns
Home prices around Tres Arroyos have risen about 46% over the past 5 years.
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
Only 4 sales in September 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
The grade measures what housing costs against what households in the area earn. Tres Arroyos’ area earns well above the typical U.S. town ($79K against $74K), but homes, rent and taxes here run higher still. Owners keep up better than renters: 18% of owners pay 30% or more of income for housing (typical U.S. town: 20%), against 93% of renters.
In dollars
- $1,560a 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
- 8.6 yrsof area income buys the typical home; the typical U.S. town: 3.3$79K, Santa Fe-area income
- 18%of owners do; the typical U.S. town: 20%Census 2020–24
What Tres Arroyos’ housing numbers say
Mostly newer homes
Half of Tres Arroyos’ homes were built after 2006, against 1985 for New Mexico as a whole. Property taxes ↓
Renting costs far less than owning
A two-bedroom rents for about $1,560 a month. Owning the typical Tres Arroyos home, with 20% down at the calculator’s rate, runs about $4,280 with tax and insurance: more than twice as much. Can I afford it? ↓
Written from the data on this page. There’s no Zillow index for Tres Arroyos, so the typical value is an estimate: the Census median carried forward with the federal house price index; incomes, rents paid, taxes and ownership come from the Census American Community Survey.
What’s behind Tres Arroyos’ grade
Measured against what households in the area earn, Tres Arroyos is more affordable than 32% 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 46% in 5 years
The federal house price index for the ZIP codes around Tres Arroyos rose 46% over the past 5 years, slower than across New Mexico (50%). Last year prices rose 0.9%. Carrying the Census median home value forward with that index puts the typical Tres Arroyos home at roughly $760,000 today.
Carrying the Census median forward with the index puts a typical home at about $760K.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Tres Arroyos, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs 8.6 years of area income
The calculator starts from the area income the grade uses. Switch to Tres Arroyos’s own median, or type yours.
That’s $433K short of a typical Tres Arroyos home.
A two-bedroom rents for about $1,560 a month here, $2,720 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Tres Arroyos’s typical property tax (0.47% 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 $1,560
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 $3,209 (New Mexico: $1,731), because homes cost more. As a share of value it’s 0.47% 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 Tres Arroyos
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.
Tres Arroyos vs. its neighbors
Zillow publishes no value for Tres Arroyos. Las Campanas and Tano Road 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 |
|---|---|---|---|---|---|
| Tres Arroyos | C | — | $679K | 0.47% | $1,560 |
| Las Campanas | D | — | $1.5M | 0.42% | $1,500 |
| Santa Fe | C− | $577K | $445K | 0.48% | $1,710 |
| 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.
Questions about the cost of living in Tres Arroyos
Is Tres Arroyos expensive to live in?
Measured against what households in the area earn, Tres Arroyos costs more than 68% of U.S. towns: a C for cost of living. The typical home costs 8.6 years of the median household income of the Santa Fe, NM metro area ($79K).
How much is rent in Tres Arroyos?
HUD puts a two-bedroom at about $1,560 a month with utilities, the going rate for someone moving in.
What are property taxes in Tres Arroyos?
The median bill is $3,209 a year, 0.47% of the median home value (New Mexico: $1,731, 0.70%), from the Census 2020–24.
Neighbors talk housing
What Tres Arroyos 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.