Luna County, New Mexico home prices
Typical home $163,798 · +4.3% in a year · property tax 0.54%
The typical home in Luna County is worth $163,798, 48% less than the New Mexico typical home ($315,812). Values changed +4.3% in the past year and +5.8% over five years. Homeowners here pay a median 0.54% of their home's value in property tax each year ($879 on the typical home), versus 0.63% statewide.
Mortgage on the typical Luna County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $32,760 | $131,039 | $882 | $0 | $155 | $1,037 | $44,400 |
| 10% down | $16,380 | $147,418 | $992 | $61 | $155 | $1,208 | $51,800 |
| 5% down | $8,190 | $155,608 | $1,047 | $65 | $155 | $1,267 | $54,300 |
| 3.5% down (FHA) | $5,733 | $160,831 | $1,082 | $72 | $155 | $1,310 | $56,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.54% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in New Mexico · part of the Deming metro area.
New Mexico counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Curry County | $159,828 | +2.4% | 0.59% |
| Cibola County | $159,086 | +8.5% | 0.8% |
| Chaves County | $171,293 | +0.4% | 0.6% |
| Grant County | $178,942 | -4.8% | 0.46% |
| Sierra County | $180,323 | +4.2% | 0.52% |
| Roosevelt County | $144,463 | +1.5% | 0.45% |
| Lea County | $196,513 | +3.0% | 0.48% |
| Socorro County | $197,130 | +3.3% | 0.61% |
| Catron County | $212,317 | +8.5% | 0.36% |
| McKinley County | $216,464 | -2.1% | 2% |
Frequently asked questions
What is the average home price in Luna County, NM?
The typical home value in Luna County is $163,798 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Luna County?
About $44,400 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Luna County?
The median effective rate is 0.54% of home value a year (Census ACS 2024 5-year estimates).