Dexter, NM—88230
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Dexter, NM
As of Oct '25, the median home price in Dexter, NM is $142,000, with a year-over-year change of -3.3%. This indicates that home prices in Dexter, NM are decreasing. According to Zillow, the 1-year price projection is -4.5%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $142,000 | -3.3% |
| Single Family | $142,000 | -4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $185,000 | 2.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,200 | $1,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Dexter, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Dexter, NM is 74. 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 | $242,000 | 27.0% |
Listing Count | 5 | 67.0% |
| Listings as % of Homes | 0.3% | 67.0% |
Days on Market | 74 | -3.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $720 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | $10 | $1,200 | $1,210 |
| 4 Bedroom | N/A | N/A | $1,380 |
Affordability — Dexter, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $142,000 |
| Median Household Income | $42,900 |