Mesquite, NM 88048 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Mesquite, NM—88048

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$213,000

1.6% YoY Growth

Household Income

$49,400

35.6% YoY Growth

Days on Market

276

27.0% Longer YoY

Home Price Forecast

1.7%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Mesquite, NM

As of May '26, the median home price in Mesquite, NM is $213,000, with a year-over-year change of -1.6%. This indicates that home prices in Mesquite, NM are decreasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$213,000	-1.6%
Single Family	$213,000	-0.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Mesquite, NM

Mesquite, NM lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

2 Bedrooms

7.8%

3 Bedrooms

92.2%

Property Listings — Mesquite, NM

As of May '26, Realtor.com reports that the median days on market for a home in Mesquite, NM is 276. This is a increase of 27.0% from last year, suggesting that homes are sitting on the market longer 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	$368,000	21.0%
Listing Count	4	143.0%
Listings as % of Homes	0.1%	143.0%
Days on Market	276	27.0%

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Demographics — Mesquite, NM

As of the latest ACS Survey released in 2023, Mesquite, NM has a population of 3,320, which has increased by 29.8% over the past 5 years. Mesquite, NM is a moderately popular place for families, as children make up 23.8% of the population. The area has a poorly educated workforce, with 6.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,320	29.8%
% Under 18	23.8%	4.4%
% Seniors	13.6%	-26.5%
% WFH	6.3%	∞%
% w/ College Degree	6.3%	-38.8%

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As of the latest ACS Survey released in 2023, Mesquite, NM is a predominantly hispanic area, with 91.3% of the population identifying as hispanic. The hispanic population has grown by 3.8% in the last 5 years. The second most common race or ethnicity in Mesquite, NM is white, making up 5.9% of the population. Foreign-born residents account for 37.7% of the population in Mesquite, NM, and this percentage has increased by 34.6% 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	5.9%	-33.7%
% Black	0.4%	∞%
% Hispanic	91.3%	3.8%
% Asian	0.0%	N/A
% Foreign Born	37.7%	34.6%

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Mortgage and Risk — Mesquite, NM

According to HUD data as of 2023, there were 29 mortgage originations in Mesquite, NM, of which 48.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Mesquite, NM. Investor activity is low, as 0.0% of loans were by investors. 31.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	29
% Conventional Loans	48.0%
% Government Loans	52.0%
% Investor Loans	0.0%
% Second Loans	3.0%
% Cash Out Refinance	31.0%

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Rentals and Section 8 — Mesquite, NM

Mesquite, 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	0.6%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$860
2 Bedroom	N/A	N/A	$960
3 Bedroom	N/A	N/A	$1,350
4 Bedroom	N/A	N/A	$1,520

Mesquite, NM—88048

Key Metrics at a Glance

Home Price Trends — Mesquite, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mesquite, NM

% of Rental Stock

Property Listings — Mesquite, NM

Demographics — Mesquite, NM

Race and Ethnicity

Mortgage and Risk — Mesquite, NM

Mortgages

Rentals and Section 8 — Mesquite, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Mesquite, NM

Home Price to Income Ratio

Mesquite, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Vado, NM

La Mesa, NM

Anthony, NM

Chamberino

University Park

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.7
Median Home Price	$213,000
Median Household Income	$49,400

Mesquite, NM—88048

Key Metrics at a Glance

Home Price Trends — Mesquite, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mesquite, NM

% of Rental Stock

Property Listings — Mesquite, NM

Demographics — Mesquite, NM

Race and Ethnicity

Mortgage and Risk — Mesquite, NM

Mortgages

Rentals and Section 8 — Mesquite, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Mesquite, NM

Home Price to Income Ratio

Mesquite, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Vado, NM

La Mesa, NM

Anthony, NM

Chamberino

University Park

Frequently Asked Questions

What is the average home price in Mesquite, NM 88048?

How have home prices in Mesquite, NM 88048 changed over the past year?

What is the home price projection for Mesquite, NM 88048?

What are the demographics of Mesquite, NM 88048?

How long does it take homes to sell in Mesquite, NM 88048?

What is the average rent price in Mesquite, NM 88048?