Deming, NM home prices
Typical home $163,750 · +4.4% in a year · income needed $44,400
The Deming, NM metro area ranks 781 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +4.4% in a year and +5.9% over five years. With 20% down at 7.11%, the typical home costs about $1,036 a month including 0.54% property tax (Luna County rate).
Mortgage on the typical Deming home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $32,750 | $131,000 | $881 | $0 | $155 | $1,036 | $44,400 |
| 10% down | $16,375 | $147,375 | $991 | $61 | $155 | $1,208 | $51,800 |
| 5% down | $8,187 | $155,562 | $1,046 | $65 | $155 | $1,266 | $54,300 |
| 3.5% down (FHA) | $5,731 | $160,784 | $1,082 | $72 | $155 | $1,309 | $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.
Counties in the Deming area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Luna County, NM | $163,798 | +4.3% | 0.54% |
What can you afford in New Mexico on your salary? · New Mexico home prices · Salaries in New Mexico
Frequently asked questions
How much is a house in Deming?
The typical home in the Deming, NM metro area is worth $163,750 (Zillow, September 2026).
What salary do you need to buy a house in Deming?
About $44,400 a year for the typical home with 20% down at 7.11%.