La Mesa, NM—88044
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in La Mesa, NM
Home Price Trends — La Mesa, NM
As of Oct '25, the median home price in La Mesa, NM is $307,000, with a year-over-year change of -2.5%. This indicates that home prices in La Mesa, NM are decreasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $307,000 | -2.6% |
| Single Family | $307,000 | -2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $249,000 | 1.6% |
3 Bed | $312,000 | -1.3% |
4 Bed | $384,000 | 1.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — La Mesa, NM
As of July '25, Rentcast reports the average rent in La Mesa, NM is $1,050, with a year-over-year rent change of -34.4%. Per bedroom, the median rent as of July '25 in La Mesa, NM is 1-bedrooms: $700, 3-bedrooms: $1,400. The most common rental property sizes in La Mesa, NM are 3-bedroom and 1-bedroom, accounting for 33.1% and 32.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $700 | $1,050 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $700 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,400 | $1,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — La Mesa, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in La Mesa, NM is 29. This is a decrease of -3.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $288,000 | -25.0% |
Listing Count | 11 | -4.0% |
| Listings as % of Homes | 0.6% | -4.0% |
Days on Market | 29 | -3.0% |
Demographics — La Mesa, NM
As of the latest ACS Survey released in 2023, La Mesa, NM has a population of 2,680, which has decreased by -23.9% over the past 5 years. La Mesa, NM is a popular place for families, as children make up 25.2% of the population. The area has a poorly educated workforce, with 22.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,680 | -23.9% |
% Under 18 | 25.2% | 14.0% |
% Seniors | 23.3% | 3.6% |
% WFH | 2.6% | -49.0% |
% w/ College Degree | 22.7% | 32.7% |
As of the latest ACS Survey released in 2023, La Mesa, NM is a predominantly hispanic area, with 85.9% of the population identifying as hispanic. The hispanic population has grown by 3.0% in the last 5 years. The second most common race or ethnicity in La Mesa, NM is white, making up 13.6% of the population. Foreign-born residents account for 21.7% of the population in La Mesa, NM, and this percentage has increased by 1.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 13.6% | -9.9% |
% Black | 0.0% | N/A |
% Hispanic | 85.9% | 3.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 21.7% | 1.9% |
Mortgage and Risk — La Mesa, NM
According to HUD data as of 2023, there were 25 mortgage originations in La Mesa, NM, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in La Mesa, NM. Investor activity is low, as 12.0% of loans were by investors. 24.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 25 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 12.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 24.0% |
Loan Activity
Rentals and Section 8 — La Mesa, NM
La Mesa, NM lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 1.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $700 | $870 |
| 2 Bedroom | N/A | N/A | $970 |
| 3 Bedroom | -$40 | $1,400 | $1,360 |
| 4 Bedroom | N/A | N/A | $1,530 |
Affordability — La Mesa, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $307,000 |
| Median Household Income | $60,900 |