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Dexter, NM—88230

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$144,000
4.4% YoY Growth
Household Income
$42,900
10.4% YoY Growth
Days on Market
26
20.0% Longer YoY
Home Price Forecast
-3.4%
Median Rent
$1,200
7.7% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$1,200
7.7% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Dexter, NM

As of Dec '25, the median home price in Dexter, NM is $144,000, with a year-over-year change of -4.4%. This indicates that home prices in Dexter, NM are decreasing. According to Zillow, the 1-year price projection is -3.4%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$144,000-4.4%
Single Family $144,000-5.3%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$185,0002.2%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    1.3%
    1 Bedroom
    4.4%
    2 Bedrooms
    19.5%
    3 Bedrooms
    59.8%
    4 Bedrooms
    14.3%
    5+ Bedrooms
    0.5%

    Rental Trends — Dexter, NM

    As of July '25, Rentcast reports the average rent in Dexter, NM is $1,200, with a year-over-year rent change of -7.7%. Per bedroom, the median rent as of July '25 in Dexter, NM is 3-bedrooms: $1,200. The most common rental property sizes in Dexter, NM are 3-bedroom and 1-bedroom, accounting for 57.7% and 20.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,200$1,200
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent $1,200$1,200
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    20.3%
    2 Bedrooms
    10.0%
    3 Bedrooms
    57.7%
    4 Bedrooms
    12.0%

    Property Listings — Dexter, NM

    As of Dec '25, Realtor.com reports that the median days on market for a home in Dexter, NM is 123. This is a increase of 23.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$315,00023.0%
    Listing Count
    		30.0%
    Listings as % of Homes0.3%0.0%
    Days on Market
    		2620.0%
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    Demographics — Dexter, NM

    As of the latest ACS Survey released in 2023, Dexter, NM has a population of 4,640, which has decreased by -4.9% over the past 5 years. Dexter, NM is a popular place for families, as children make up 28.4% of the population. The area has a poorly educated workforce, with 9.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		4,640-4.9%
    % Under 18
    		28.4%2.9%
    % Seniors
    		16.8%21.7%
    % WFH
    		6.5%160.0%
    % w/ College Degree
    		9.6%31.5%
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    As of the latest ACS Survey released in 2023, Dexter, NM is a predominantly hispanic area, with 66.5% of the population identifying as hispanic. The hispanic population has shrunk by 3.3% in the last 5 years. The second most common race or ethnicity in Dexter, NM is white, making up 31.6% of the population. Foreign-born residents account for 16.3% of the population in Dexter, NM, and this percentage has decreased by 7.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		31.6%4.6%
    % Black
    		1.3%1,200.0%
    % Hispanic
    		66.5%-3.3%
    % Asian
    		0.2%0.0%
    % Foreign Born
    		16.3%-7.4%
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    Mortgage and Risk — Dexter, NM

    According to HUD data as of 2023, there were 13 mortgage originations in Dexter, NM, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 95.0%, with 77.0% above 90% LTV (very high). This implies large mortgage risk in Dexter, NM. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		13
    % Conventional Loans
    		69.0%
    % Government Loans
    		31.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		8.0%
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    Rentals and Section 8 — Dexter, NM

    Dexter, NM lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		13
    Total Units Section 8
    		13
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$720
    2 BedroomN/AN/A$930
    3 Bedroom$10$1,200$1,210
    4 BedroomN/AN/A$1,380

    Affordability — Dexter, NM

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.1
    Median Home Price$144,000
    Median Household Income$42,900

    Dexter, NM — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    88203

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    Frequently Asked Questions