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City · 18,618 residents · Valencia County, New Mexico

Los Lunas , New Mexico

In Los Lunas, a typical home is worth $262,900 and typical rent is $1,110 a month. Compared with all of Valencia County, the typical home value is 18% higher, typical rent is 9% higher, and the share of households that own their home is 7 points lower.

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  • Typical home value

    $262,900

    18% above the county

    6% above New Mexico

    • Los Lunas
    • Valencia
    • New Mexico

  • Typical rent

    $1,110a month

    9% above the county

    4% above New Mexico

    • Los Lunas
    • Valencia
    • New Mexico

  • Typical household income

    $62,330a year

    6% above the county

    3% below New Mexico

    • Los Lunas
    • Valencia
    • New Mexico

  • Households that own their home

    76%

    7 points below the county

    6 points above New Mexico

    • Los Lunas
    • Valencia
    • New Mexico

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$330,835
2.7% more than 12 months ago
Typical rent
$2,040 a month
2.3% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Los Lunas is in Valencia County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Valencia County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Los Lunas apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in El Cerro Mission, the typical home value is $115,300: 56% less than in Los Lunas ($262,900).

  2. Los Lunas has the 2nd largest share of rent-burdened renters of the 37 cities in New Mexico with more than 5,000 people (61%).

  3. Nearby, in Belen, the typical rent is $916: 17% less than in Los Lunas ($1,110).

  4. The typical home in Los Lunas is worth $262,900, 18% more than in Valencia County as a whole ($223,000).

  5. 76% of households in Los Lunas own their home, against 83% in Valencia County.

  6. 7% of households in Los Lunas have no internet at home (12% in Valencia County).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Los Lunas

What homes there are in Los Lunas, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses, standing on their own, make up 74% of homes here, against 63% in Valencia County.

Year built

Here half of the homes date from 1998 or later; in Valencia County, from 1989 or later.

In Los Lunas, 76% of homes have 3 bedrooms or more, about the same as in Valencia County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

With an FHA limit of $541,287, at least 98% of owner-occupied homes in Los Lunas sit below it: they are worth less than $500,000.

Monthly rent with utilities

With a mortgage

$1,470 a month

Valencia County: $1,390 a month

Without a mortgage

$526 a month

Valencia County: $421 a month

Owners with a mortgage

64%

Valencia County: 52%

Owning costs more in Los Lunas: with a mortgage, the typical cost is $1,470 a month; in Valencia County, $1,390. Without one, $526.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Los Lunas rose 63%; in Valencia County, it rose 56%.

The typical rent in Los Lunas stayed about the same over that time: the difference is within the Census margin of error.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureLos LunasValencia CountyNew MexicoUnited States
Rental vacancy Unreliable estimateUnreliable estimate5.9%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.0%0.9%
More than one person per room Unreliable estimate3.2%3.3%3.4%
People per household 2.632.782.482.53
Drive alone 76%75%74%69%
Carpool 12%11%10%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimateUnreliable estimate2%3%
Work from home 9%11%12%15%
Other means Unreliable estimate2%1%2%
Typical commute Unreliable estimateUnreliable estimate10 to 19 minutes20 to 29 minutes

On average, a household in Los Lunas has 2.63 people, fewer than in Valencia County (2.78).

In Los Lunas, 76% of workers drive alone to work; in Valencia County, 75%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Los Lunas?

A typical home costs more than the typical income allows

We start with a typical home in Los Lunas, worth $262,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 41% of the typical household income in Los Lunas, which is $62,330 a year. For that payment to be 28% of income, a household would need to earn about $91,571 a year.

The calculator's FHA and conventional loan limits are those of all of Valencia County.

Your numbers

Local data
$

Starts at the typical home value in Los Lunas. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $9,202 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,137

at 7.18% · 30 years

Loan amount
$258,138
Total interest
$371,400
Paid off in
November 2056

Includes $4,440 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,454 a month

  • Tight

    $1,454 to $1,870 a month

  • Hard

    more than $1,870 a month

    Your payment · 41%

Compared with the typical household income in Los Lunas ($62,330 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,137
Principal & interest$1,749
Property tax$162
Home insurance$110
FHA mortgage insurance (MIP)$116

You need at least $9,202 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Los Lunas and Valencia County

Los Lunas is in Valencia County, New Mexico. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Los Lunas's own numbers

Typical home value
$262,900
Typical monthly rent
$1,110
Typical yearly household income
$62,330
Households that own their home
76%
Effective property tax rate
0.74%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Valencia County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,384
Price change over 5 years (FHFA)
+65%
Homes in a high flood-risk zone
46%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Valencia County.

Everything about Valencia County

Buying

Buying a home in Los Lunas

A typical home in Los Lunas is worth $262,900: 18% above the county and 6% above New Mexico. With the typical household income in Los Lunas ($62,330 a year), a typical home costs 4.2 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Los Lunas 4.2 years
  • Valencia 3.8 years
  • New Mexico 3.9 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Valencia County

According to FHFA’s house price index, home prices in Valencia County rose 102% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Valencia County.

Period County New Mexico U.S.
Last year (2025) +4.8% +3.1% +2.9%
5 years (2020–2025) +65% +50% +47%
10 years (2015–2025) +102% +82% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Los Lunas next to Valencia County, New Mexico and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Los Lunas $262,900
  • Valencia $223,000
  • New Mexico $248,100
  • United States $332,700
Typical monthly rent
  • Los Lunas $1,110
  • Valencia $1,015
  • New Mexico $1,067
  • United States $1,413
Typical yearly household income
  • Los Lunas $62,330
  • Valencia $58,933
  • New Mexico $64,059
  • United States $80,734
See the full table
Los Lunas next to Valencia County and New Mexico
Measure Los Lunas Valencia County New Mexico U.S.
Typical home value $262,900 $223,000 $248,100 $332,700
Typical monthly rent $1,110 $1,015 $1,067 $1,413
Typical yearly household income $62,330 $58,933 $64,059 $80,734
Households that own their home 76% 83% 70% 65%
Typical yearly property tax $1,949 $1,374 $1,731 $3,119
Effective property tax rate 0.74% 0.62% 0.7% 0.94%
Renters with high rent for their income 61% 56% 50% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Valencia County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Los Lunas

For a typical $262,900 home in Los Lunas, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Los Lunas's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,137a month

    Least cash to close
    Down payment
    $9,202
    Cash to close
    $17,089
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $116

  • Conventional, 5% down $2,088a month

    Down payment
    $13,145
    Cash to close
    $21,032
    Rate
    7.18%
    Mortgage insurance
    PMI · $125

  • Conventional, 20% down, no PMI $1,696a month

    Down payment
    $52,580
    Cash to close
    $60,467
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,939a month

    Down payment
    $39,435
    Cash to close
    $47,322
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Los Lunas and for Valencia County.

Property tax

Effective rate in Los Lunas

0.74%of the home’s value each year

$1,949 a year for the typical owner in Los Lunas.

  • Los Lunas 0.74%
  • Valencia 0.62%
  • New Mexico 0.7%

What New Mexico publishes 3 percent cap on the yearly increase in your home's taxable value (New Mexico Legislative Finance Committee ("Property Taxes in New Mexico" brief))

Exemptions and deadlines in New Mexico

Flood risk in Valencia County

FEMA does not publish these numbers by city: they are for all of Valencia County.

Homes in the high-risk zone
46%
14,722
Of those, with NFIP insurance
14%
County New Mexico U.S.
Homes in the high-risk zone 46% 5.7% 3.5%
Of those, with NFIP insurance 14% 16% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Los Lunas

Typical rent in Los Lunas is $1,110 a month: 9% above the county. In Los Lunas, 61% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Valencia County, by unit size. To pay the 2-bedroom one ($1,384 a month) without spending more than 30% of your income, you would need to earn $26.62 an hour working full time.

HUD fair market rent for all of Valencia County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $977 $18.79 $39,080
1 bedroom $1,112 $21.38 $44,480
2 bedrooms $1,384 $26.62 $55,360
3 bedrooms $1,902 $36.58 $76,080
4 bedrooms $2,242 $43.12 $89,680

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Los Lunas

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Los Lunas is in ZIP code 87031.

For 2 bedrooms it is $1,380: $4 less than the fair market rent for Valencia County ($1,384).

  • 87031 $1,380$1,920

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Los Lunas when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Los Lunas

HUD lists 8 buildings with rents for lower incomes in Los Lunas. These are the largest.

  • Ventana Cove 450 Los Cerritos Rd NW, Los Lunas 87031 72 homes, 60 low-income · 2 bd: 36 · 3 bd: 36 · In service since 2003 · For families
  • Hillcrest Apts 383 Canal Blvd SW, Los Lunas 87031 40 low-income homes
  • Hilltop Apts 393 Canal Blvd SW, Los Lunas 87031 40 low-income homes · In service since 1992
  • Hillridge Apts 1450 Adela Ln SW, Los Lunas 87031 38 low-income homes · In service since 1996
  • Hillside Apts 379 Canal Blvd SW, Los Lunas 87031 24 low-income homes

See all 15 buildings in Valencia County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Los Lunas

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Valencia County. The nearest ones are below; many serve by phone or online.

A grandmother smiles, seated at home.

HUD counseling is free or low-cost

Assistance programs in Los Lunas

No down payment, repair or rent-help program on our list is for Los Lunas or Valencia County. The ones below are statewide in New Mexico: they work in Los Lunas the same as in the rest of the state.

Which programs do I qualify for? All programs in New Mexico

  • FirstDown

    Statewide in New Mexico

    New Mexico state agency fixed-rate second mortgage for the down payment and closing costs of first-time buyers, together with the FirstHome mortgage. Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).

    Repayable

    See the program Official page

  • HomeNow

    Statewide in New Mexico

    New Mexico state agency fixed $7,000 second mortgage for the down payment and closing costs of low-income first-time buyers; no monthly payments and forgivable after 10 years. Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).

    Forgivable

    See the program Official page

  • FirstDown Plus

    Statewide in New Mexico

    New Mexico state agency fixed $10,000 third loan at 0%, for the down payment only, added to FirstDown or HomeNow; repaid in monthly installments over 15 years. Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).

    Repayable

    See the program Official page

Housing counselors near Los Lunas

The HUD-approved agencies closest to the center of Los Lunas, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Tiwa Lending Services

    117A Tribal Road 40, Isleta · 9 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (505) 916-0556

  • United South Broadway Corporation

    1500 Walter St SE, Albuquerque · 20 miles away

    • Mortgage delinquency and default
    (505) 764-8867

  • Homewise, Inc.

    500 2nd St. SW, Albuquerque · 21 miles away · Spanish

    Also serves in American Sign Language (ASL).

    • Budget and credit workshops
    • Pre-purchase counseling
    • and 1 more
    (505) 243-6566

All counseling agencies in New Mexico

Help in Spanish near Los Lunas

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Los Lunas

HUD lists no housing authority with an office in Valencia County. One in a neighboring county or the state’s may serve the area.

All housing agencies in New Mexico Source: HUD

Cities

Other cities in Valencia County

These cities are also in Valencia County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Valencia County Housing in New Mexico

Nearby cities

The cities closest to Los Lunas, with the typical home value.

Neighboring counties

If Valencia County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Los Lunas.

All guides
A smiling girl holds up a small mushroom she found on a forest outing.

Questions

Housing questions about Los Lunas

Short answers with the numbers for Los Lunas and all of Valencia County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Los Lunas?

The typical home value in Los Lunas is $262,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Valencia County it is $223,000.

How much does it cost to rent in Los Lunas?

Typical rent in Los Lunas is $1,110 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Valencia County is $1,384.

What is the FHA loan limit in Los Lunas?

Los Lunas uses the FHA limit for all of Valencia County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Los Lunas?

The typical homeowner in Los Lunas pays $1,949 a year, according to the U.S. Census Bureau. That is 0.74% of the home’s value; in Valencia County, the rate is 0.62%.

Where can I find free help to buy or rent in Los Lunas?

We found no HUD-approved counseling agencies with an office in Valencia County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).