South Mill, NM—88232

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$125,000
N/A
Median Household Income
$67,300
64.2% 5-Year Growth
Days on Market
75
34.0% Shorter than last year
Home Price Forecast
N/A
Median 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

Property Listings — South Mill, NM

As of Oct '25, Realtor.com reports that the median days on market for a home in South Mill, NM is 75. This is a decrease of -34.0% 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.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$125,000-35.0%
Listing Count
20.0%
Listings as % of HomesN/A0.0%
Days on Market
75-34.0%
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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.

MetricLatest CensusYoY % Change
Population
2,71012.7%
% Under 18
20.6%-10.8%
% Seniors
10.1%23.2%
% WFH
3.0%0.0%
% w/ College Degree
9.2%-10.7%
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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

MetricLatest Census5-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%
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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

MetricZip 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%

Loan Activity

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

Affordability — South Mill, NM

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income RatioN/A
Median Home PriceN/A
Median Household Income$67,300

South Mill, NM — ZIP Code Boundary Map

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Nearby ZIP Codes

Dexter, NM

88230

Artesia, NM

88210

Roswell, NM

88203

Espuela, NM

88253

Roswell, NM

88201

Frequently Asked Questions