Market Overview
Home Prices in Deming, NM
The median home value in Deming, NM is $160,968 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.8% compared to a year ago and down 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Deming are priced61% below average. Deming is part of the Deming, NM metro area.
Over the past five years, Deming home values have risen by approximately11.0%, reflecting steady appreciation in this market.
Price History
Deming Home Price Trend
2020
$125,753
$126K
—
2021
$145,038
$145K
+15.3%
2022
$158,215
$158K
+9.1%
2023
$151,338
$151K
-4.3%
2024
$156,398
$156K
+3.3%
2025
$152,093
$152K
-2.8%
2026
$160,968
$161K
+5.8%
City Comparison
Deming vs. National Median
🏠 Deming
$160,968
National Median
$410,000
At $160,968, homes in Deming cost 61% below the national median of $410,000. This makes Deming a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Deming?
20% Down Payment
$32,194
on $160,968
Monthly P&I
$840/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,067/mo
incl. taxes & insurance
Income Needed
$42,680
gross annual (30% rule)
10% Down Option
$16,097
+ PMI applies
Loan Amount (20% dn)
$128,774
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Deming, NM?
The median home value in Deming is $160,968 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.8% year-over-year.
How much have home prices changed in Deming?
Over the past year, home values in Deming have increased by 5.8%. Over five years, prices have risen approximately 11.0%.
How much do I need to earn to buy a home in Deming?
To comfortably afford the median home price of $160,968 with a 20% down payment ($32,194) at today's rates (6.8%), you'd need a gross annual income of approximately $42,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Deming compare to the national average home price?
The national median home value is approximately $410,000. At $160,968, homes in Deming are 61% below the national average.
What metro area is Deming part of?
Deming is part of the Deming, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.