Rent in Espanola, NM
A 2-bedroom in Espanola, NM (ZIP 87532) typically rents for about $908 a month, with a range of $908–$1,014. Owner-occupied homes in Rio Arriba County pay about 0.42% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $733 | $733–$822 | 1 |
| 1 bed | $425 | $425–$833 | 1 |
| 2 beds | $908 | $908–$1,014 | 1 |
| 3 beds | $970 | $970–$1,387 | 1 |
| 4 beds | $1,058 | $1,058–$1,597 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Espanola ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Espanola, NM?
- About $908 a month: the median of the typical rents in 1 ZIP code, which range from $908–$1,014. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Espanola, NM?
- About $425 a month: the median of the typical rents in 1 ZIP code, which range from $425–$833. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Espanola, NM?
- About $970 a month: the median of the typical rents in 1 ZIP code, which range from $970–$1,387. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Espanola, NM?
- About $733 a month: the median of the typical rents in 1 ZIP code, which range from $733–$822. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Espanola, NM?
- About $1,058 a month: the median of the typical rents in 1 ZIP code, which range from $1,058–$1,597. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Espanola, NM?
- Owner-occupied homes in Rio Arriba County pay a typical 0.42% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Espanola rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).