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  4. /Mesquite, NM - 88048

Mesquite, NM—88048

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$210,000
0.6% YoY Growth
Household Income
$49,400
35.6% YoY Growth
Days on Market
276
27.0% Longer YoY
Home Price Forecast
0.8%
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
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Mesquite, NM

As of May '26, the median home price in Mesquite, NM is $210,000, with a year-over-year change of 0.6%. This indicates that home prices in Mesquite, NM are flat. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$210,0000.6%
Single Family $210,0001.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$210,0001.4%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    1 Bedroom
    1.7%
    2 Bedrooms
    12.2%
    3 Bedrooms
    58.1%
    4 Bedrooms
    24.4%
    5+ Bedrooms
    3.6%

    Rental Trends — Mesquite, NM

    Mesquite, NM lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
    Loading chart...

    % of Rental Stock

    2 Bedrooms
    7.8%
    3 Bedrooms
    92.2%

    Property Listings — Mesquite, NM

    As of May '26, Realtor.com reports that the median days on market for a home in Mesquite, NM is 276. This is a increase of 27.0% 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
    		$368,00021.0%
    Listing Count
    		4143.0%
    Listings as % of Homes0.1%143.0%
    Days on Market
    		27627.0%
    Loading chart...

    Demographics — Mesquite, NM

    As of the latest ACS Survey released in 2023, Mesquite, NM has a population of 3,320, which has increased by 29.8% over the past 5 years. Mesquite, NM is a moderately popular place for families, as children make up 23.8% of the population. The area has a poorly educated workforce, with 6.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		3,32029.8%
    % Under 18
    		23.8%4.4%
    % Seniors
    		13.6%-26.5%
    % WFH
    		6.3%∞%
    % w/ College Degree
    		6.3%-38.8%
    Loading chart...

    As of the latest ACS Survey released in 2023, Mesquite, NM is a predominantly hispanic area, with 91.3% of the population identifying as hispanic. The hispanic population has grown by 3.8% in the last 5 years. The second most common race or ethnicity in Mesquite, NM is white, making up 5.9% of the population. Foreign-born residents account for 37.7% of the population in Mesquite, NM, and this percentage has increased by 34.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		5.9%-33.7%
    % Black
    		0.4%∞%
    % Hispanic
    		91.3%3.8%
    % Asian
    		0.0%N/A
    % Foreign Born
    		37.7%34.6%
    Loading chart...

    Mortgage and Risk — Mesquite, NM

    According to HUD data as of 2023, there were 29 mortgage originations in Mesquite, NM, of which 48.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Mesquite, NM. Investor activity is low, as 0.0% of loans were by investors. 31.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		29
    % Conventional Loans
    		48.0%
    % Government Loans
    		52.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		3.0%
    % Cash Out Refinance
    		31.0%
    Loading chart...
    Loading chart...

    Rentals and Section 8 — Mesquite, NM

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

    Section 8 Market Size

    Total Units under HUD
    		1
    Total Units Section 8
    		1
    % Rentals under Section 8
    		0.6%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$860
    2 BedroomN/AN/A$960
    3 BedroomN/AN/A$1,350
    4 BedroomN/AN/A$1,520

    Affordability — Mesquite, NM

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.7
    Median Home Price$210,000
    Median Household Income$49,400

    Mesquite, NM — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions