Deming, NM—88030
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Deming, NM
As of Oct '25, the median home price in Deming, NM is $153,000, with a year-over-year change of -4.5%. This indicates that home prices in Deming, NM are decreasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $153,000 | -4.5% |
| Single Family | $153,000 | -3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $182,000 | 4.6% |
3 Bed | $211,000 | 5.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Deming, NM
As of July '25, Rentcast reports the average rent in Deming, NM is $896, with a year-over-year rent change of 0.4%. Per bedroom, the median rent as of July '25 in Deming, NM is studios: $650, 1-bedrooms: $536, 2-bedrooms: $788, 3-bedrooms: $1,300. The most common rental property sizes in Deming, NM are 3-bedroom and 2-bedroom, accounting for 37.9% and 28.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $896 |
| Studio Rent | $650 | $650 |
| 1 Bed Rent | $500 | $536 |
| 2 Bed Rent | $800 | $788 |
| 3 Bed Rent | $950 | $1,300 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Deming, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Deming, NM is 61. This is a decrease of -7.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $232,000 | -5.0% |
Listing Count | 92 | 37.0% |
| Listings as % of Homes | 0.3% | 37.0% |
Days on Market | 61 | -7.0% |
Demographics — Deming, NM
As of the latest ACS Survey released in 2023, Deming, NM has a population of 24,300, which has increased by 5.6% over the past 5 years. Deming, NM is a popular place for families, as children make up 25.5% of the population. The area has a poorly educated workforce, with 14.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,300 | 5.6% |
% Under 18 | 25.5% | -4.1% |
% Seniors | 20.8% | 2.0% |
% WFH | 5.2% | 4.0% |
% w/ College Degree | 14.7% | 17.6% |
As of the latest ACS Survey released in 2023, Deming, NM is a predominantly hispanic area, with 65.6% of the population identifying as hispanic. The hispanic population has shrunk by 0.3% in the last 5 years. The second most common race or ethnicity in Deming, NM is white, making up 29.8% of the population. Foreign-born residents account for 15.5% of the population in Deming, NM, and this percentage has decreased by 9.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 29.8% | -2.9% |
% Black | 2.0% | 33.3% |
% Hispanic | 65.6% | -0.3% |
% Asian | 1.0% | 42.9% |
% Foreign Born | 15.5% | -9.9% |
Mortgage and Risk — Deming, NM
According to HUD data as of 2023, there were 186 mortgage originations in Deming, NM, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Deming, NM. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 186 |
% Conventional Loans | 56.0% |
% Government Loans | 44.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Deming, NM
Deming, NM lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 510 |
Total Units Section 8 | 508 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 86.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $260 | $500 | $760 |
| 2 Bedroom | $130 | $800 | $930 |
| 3 Bedroom | $340 | $950 | $1,290 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Deming, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $153,000 |
| Median Household Income | $39,500 |