South Mill, NM 88232 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

South Mill, NM—88232

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$350,000

N/A

Household Income

$67,300

64.2% YoY Growth

Days on Market

23.0% Longer YoY

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — South Mill, NM

South Mill, NM lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	N/A	N/A
Single Family	N/A	N/A
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — South Mill, NM

South Mill, 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

Loading chart...

% of Rental Stock

1 Bedroom

3.7%

2 Bedrooms

29.0%

3 Bedrooms

56.1%

5+ Bedrooms

11.2%

Property Listings — South Mill, NM

As of Dec '25, Realtor.com reports that the median days on market for a home in South Mill, NM is 65. This is a increase of 47.0% 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	$350,000	-38.0%
Listing Count	1	-29.0%
Listings as % of Homes	N/A	-29.0%
Days on Market	56	23.0%

Loading chart...

Demographics — South Mill, NM

As of the latest ACS Survey released in 2023, South Mill, NM has a population of 2,710, which has increased by 12.7% over the past 5 years. South Mill, NM is a moderately popular place for families, as children make up 20.6% of the population. The area has a poorly educated workforce, with 9.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	2,710	12.7%
% Under 18	20.6%	-10.8%
% Seniors	10.1%	23.2%
% WFH	3.0%	0.0%
% w/ College Degree	9.2%	-10.7%

Loading chart...

As of the latest ACS Survey released in 2023, South Mill, NM is a predominantly hispanic area, with 54.6% of the population identifying as hispanic. The hispanic population has shrunk by 16.0% in the last 5 years. The second most common race or ethnicity in South Mill, NM is white, making up 35.0% of the population. Foreign-born residents account for 10.9% of the population in South Mill, NM, and this percentage has decreased by 30.6% 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	35.0%	13.3%
% Black	1.7%	-15.0%
% Hispanic	54.6%	-16.0%
% Asian	1.3%	∞%
% Foreign Born	10.9%	-30.6%

Loading chart...

Mortgage and Risk — South Mill, NM

According to HUD data as of 2023, there were 19 mortgage originations in South Mill, NM, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 58.0% above 90% LTV (very high). This implies large mortgage risk in South Mill, NM. Investor activity is low, as 5.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	19
% Conventional Loans	58.0%
% Government Loans	42.0%
% Investor Loans	5.0%
% Second Loans	0.0%
% Cash Out Refinance	16.0%

Loading chart...

Rentals and Section 8 — South Mill, NM

South Mill, NM lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	6
Total Units Section 8	6
% 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	N/A	N/A	$1,210
4 Bedroom	N/A	N/A	$1,380

South Mill, NM—88232

Key Metrics at a Glance

Home Price Trends — South Mill, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — South Mill, NM

% of Rental Stock

Property Listings — South Mill, NM

Demographics — South Mill, NM

Race and Ethnicity

Mortgage and Risk — South Mill, NM

Mortgages

Rentals and Section 8 — South Mill, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — South Mill, NM

Home Price to Income Ratio

South Mill, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Dexter, NM

Artesia, NM

Roswell, NM

Espuela, NM

Roswell, NM

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	N/A
Median Home Price	N/A
Median Household Income	$67,300

South Mill, NM—88232

Key Metrics at a Glance

Home Price Trends — South Mill, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — South Mill, NM

% of Rental Stock

Property Listings — South Mill, NM

Demographics — South Mill, NM

Race and Ethnicity

Mortgage and Risk — South Mill, NM

Mortgages

Rentals and Section 8 — South Mill, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — South Mill, NM

Home Price to Income Ratio

South Mill, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Dexter, NM

Artesia, NM

Roswell, NM

Espuela, NM

Roswell, NM

Frequently Asked Questions

What is the average home price in South Mill, NM 88232?

How have home prices in South Mill, NM 88232 changed over the past year?

What is the home price projection for South Mill, NM 88232?

What are the demographics of South Mill, NM 88232?

How long does it take homes to sell in South Mill, NM 88232?

What is the average rent price in South Mill, NM 88232?