Garfield, NM 87941 housing market
Data through Aug 2026 · Seller's market · leverage 54
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Home Value
$181,544
+7.6% vs. a year ago
Buyer Leverage Score
54
Oct 2023
Days on Market
190 days
Oct 2023
Price Cut %
0.0%
Oct 2023
Mtg Payment as % of Income
43%
Aug 2026
Overvalued %
9.1%
Aug 2026
Expected Disaster Loss
$199
Dec 2025
What this means
- Valuation. Prices are roughly in line with local incomes (+9% vs. this area's pre-2020 price-to-income norm).
- Prices. Home values are up 7.6% over the past year (U.S.: +1.2%).
- Supply. Listings are 25% below the 2017-19 norm and falling (−100% vs. a year ago): still a tight market.
- Negotiating. Buyer leverage is moderate (54/100; U.S.: 54) (as of Oct 2023): 0% of listings had a price cut (U.S.: 26%) (as of Oct 2023).
- Affordability. A mortgage on the typical home takes 43% of the median household income (U.S.: 35%); it takes about $45k a year to keep the payment at 30% of gross pay. That includes about $1,357 a year for home insurance (U.S.: $1,790).
- Disaster risk. FEMA expects about $199 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
- Outlook. Leaning up: likely −4% to +12% over the next 12 months (78% chance of a rise).
Next 12 months
Leaning up
Prices are more likely to rise than fall over the next year. Likely change: −4.4% to +11.9% (80% range; middle estimate +4.9%), chance of a rise 78%, of a 5%+ drop 8%.
HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.
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Other ZIP codes in Doña Ana County, NM
| Area | Home value | 1-year change | Buyer leverage |
|---|---|---|---|
| Las Cruces, NM 88001 | $205.6K | −2.0% | 70 |
| Las Cruces, NM 88012 | $293.5K | −1.2% | 42 |
| Las Cruces, NM 88011 | $355.9K | −0.6% | 64 |
| Las Cruces, NM 88005 | $276.6K | −0.1% | 62 |
| Las Cruces, NM 88007 | $326.5K | −0.1% | 95 |
| Anthony, NM 88021 | $240.9K | +0.5% | 21 |
| Santa Teresa, NM 88008 | $313K | −0.5% | 98 |
| Sunland Park, NM 88063 | $248.9K | +0.5% | 97 |
| Mesquite, NM 88048 | $212.9K | +1.8% | 25 |
| Las Cruces, NM 87937 | $174.8K | +3.4% | 8 |
| La Mesa, NM 88044 | $298.4K | +1.9% | 77 |
| Vado, NM 88072 | $268.7K | +1.1% | 0 |
| Mesilla Park, NM 88047 | $354K | +1.5% | 2 |
| ZIP 88002 | – | – | – |
| ZIP 88004 | – | – | 63 |
| Mesilla, NM 88046 | $285.5K | +1.5% | 100 |
| Chamberino, NM 88027 | – | – | 47 |
| Anthony, NM 88024 | $235.2K | +1.2% | 80 |
| ZIP 88003 | – | – | – |
| Rincon, NM 87940 | $267.8K | +1.0% | 28 |
| Garfield, NM 87936 | $194.9K | +0.5% | 53 |
| Organ, NM 88052 | – | – | 10 |