Mesilla, NM 88046 housing market
Data through Aug 2026 · Buyer's market · leverage 100
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Home Value
$285,472
+1.5% vs. a year ago
Buyer Leverage Score
100
Sep 2026
Months of Supply
6.1 months
Jul 2026
Days on Market
147 days
Sep 2026
Price Cut %
25%
Sep 2026
Mtg Payment as % of Income
30%
Dec 2023
Overvalued %
-16%
Dec 2023
Expected Disaster Loss
$154
Dec 2025
What this means
- Valuation. Prices are 16% below this area's pre-2020 price-to-income norm, cheaper relative to incomes than before the pandemic.
- Prices. Home values are up 1.5% over the past year (U.S.: +1.2%).
- Supply. There are 50% more homes for sale than the 2017-19 norm and falling (−22% vs. a year ago), so buyers have more to choose from than before the pandemic.
- Negotiating. Buyer leverage is high (100/100; U.S.: 54): 25% of listings had a price cut (U.S.: 26%).
- Affordability. A mortgage on the typical home takes 30% of the median household income (U.S.: 35%); it takes about $67k a year to keep the payment at 30% of gross pay. That includes about $1,244 a year for home insurance (U.S.: $1,790).
- Disaster risk. FEMA expects about $154 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
- Outlook. No clear direction: likely −8% to +8% over the next 12 months (57% chance of a rise).
Next 12 months
No clear direction
A rise is somewhat more likely than a fall, but not by enough to call. Likely change: −8.3% to +8.0% (80% range; middle estimate +1.0%), chance of a rise 57%, of a 5%+ drop 18%.
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 |
| Garfield, NM 87941 | $181.5K | +7.6% | 54 |
| 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 |