Market Overview
Home Prices in Mesquite, NM
The median home value in Mesquite, NM is $220,878 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.5% compared to a year ago and up 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mesquite are priced46% below average. Mesquite is part of the Las Cruces, NM metro area.
Over the past five years, Mesquite home values have risen by approximately44.7%, reflecting strong long-term appreciation in this market.
Price History
Mesquite Home Price Trend
City Comparison
Mesquite vs. National Median
At $220,878, homes in Mesquite cost 46% below the national median of $410,000. This makes Mesquite a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mesquite?
20% Down Payment
$44,176
on $220,878
Monthly P&I
$1,152/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,463/mo
incl. taxes & insurance
Income Needed
$58,520
gross annual (30% rule)
10% Down Option
$22,088
+ PMI applies
Loan Amount (20% dn)
$176,702
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 Mesquite, NM?
The median home value in Mesquite is $220,878 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.5% year-over-year.
How much have home prices changed in Mesquite?
Over the past year, home values in Mesquite have increased by 0.5%. Over five years, prices have risen approximately 44.7%.
How much do I need to earn to buy a home in Mesquite?
To comfortably afford the median home price of $220,878 with a 20% down payment ($44,176) at today's rates (6.8%), you'd need a gross annual income of approximately $58,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Mesquite compare to the national average home price?
The national median home value is approximately $410,000. At $220,878, homes in Mesquite are 46% below the national average.
What metro area is Mesquite part of?
Mesquite is part of the Las Cruces, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.