Torrance County, New Mexico has a 2026 one-unit conforming loan limit of $832,750, which is 5.2 times the county's median home value of $159,700, so a typical home there can be financed with a conforming (non-jumbo) loan; median household income is $57,842 (FHFA; Census ACS 2020–2024).
Data as of 2026. Source: FHFA 2026 conforming loan limits; U.S. Census Bureau ACS 2020–2024
| Item | Value |
|---|---|
| 1-unit limit (2026) | $832,750 |
| 2-unit limit | $1,066,250 |
| 3-unit limit | $1,288,800 |
| 4-unit limit | $1,601,750 |
| Median home value (ACS 2020–24) | $159,700 |
| New Mexico median home value | $248,100 |
| Limit ÷ median home value | 5.21× |
| Median household income | $57,842 |
| Median home value ÷ income | 2.8× |
| Population | 15,490 |
| Median property tax paid (owners) | $719 |
| Effective property tax rate (approx.) | 0.45% |
| Owner-occupied homes | 81.7% |
| Home value rank in New Mexico | 20 of 33 counties |
| Neighbor: Bernalillo County, NM | limit $832,750; median home $292,900 |
| Neighbor: Guadalupe County, NM | limit $832,750; median home $110,000 |
| Neighbor: Lincoln County, NM | limit $832,750; median home $233,200 |
| Neighbor: San Miguel County, NM | limit $832,750; median home $188,500 |
| Neighbor: Santa Fe County, NM | limit $832,750; median home $446,300 |
| Neighbor: Socorro County, NM | limit $832,750; median home $137,500 |
| Neighbor: Valencia County, NM | limit $832,750; median home $223,000 |
Across New Mexico's 33 counties, FHFA's 2026 one-unit limits are $832,750 everywhere. Torrance County's median home value is 36% below the state median of $248,100 (rank 20 of 33). Among its 7 neighboring counties, Santa Fe County has the highest median home value ($446,300) and Guadalupe County the lowest ($110,000); all share the same loan limit. Owners pay a median $719 a year in property tax, an effective rate of about 0.45% of home value.
County data: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (tables B25077, B19013, B01003, B25103, B25003). Neighbors: Census county adjacency file.
Related
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Last updated 2026-10-16. Data only, not financial or tax advice.