Dexter, NM 88230 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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

20.0% Longer YoY

Home Price Forecast

-3.4%

Median Rent

$1,200

7.7% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,200

7.7% YoY Growth

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 Type	Median Home Value	YoY % Change
All Homes	$144,000	-4.4%
Single Family	$144,000	-5.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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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.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$315,000	23.0%
Listing Count	3	0.0%
Listings as % of Homes	0.3%	0.0%
Days on Market	26	20.0%

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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.

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%

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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

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%

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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

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%

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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 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

Dexter, NM—88230

Key Metrics at a Glance

Home Price Trends — Dexter, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Dexter, NM

% of Rental Stock

Property Listings — Dexter, NM

Demographics — Dexter, NM

Race and Ethnicity

Mortgage and Risk — Dexter, NM

Mortgages

Rentals and Section 8 — Dexter, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Dexter, NM

Home Price to Income Ratio

Dexter, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Roswell, NM

Espuela, NM

South Mill, NM

Roswell, NM

Artesia, NM

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.1
Median Home Price	$144,000
Median Household Income	$42,900

Dexter, NM—88230

Key Metrics at a Glance

Home Price Trends — Dexter, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Dexter, NM

% of Rental Stock

Property Listings — Dexter, NM

Demographics — Dexter, NM

Race and Ethnicity

Mortgage and Risk — Dexter, NM

Mortgages

Rentals and Section 8 — Dexter, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Dexter, NM

Home Price to Income Ratio

Dexter, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Roswell, NM

Espuela, NM

South Mill, NM

Roswell, NM

Artesia, NM

Frequently Asked Questions

What is the average home price in Dexter, NM 88230?

How have home prices in Dexter, NM 88230 changed over the past year?

What is the home price projection for Dexter, NM 88230?

What are the demographics of Dexter, NM 88230?

How long does it take homes to sell in Dexter, NM 88230?

What is the average rent price in Dexter, NM 88230?