Market Overview
Home Prices in Santa Teresa, NM
The median home value in Santa Teresa, NM is $319,081 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.5% compared to a year ago and up 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Santa Teresa are priced22% below average. Santa Teresa is part of the Las Cruces, NM metro area.
Over the past five years, Santa Teresa home values have risen by approximately29.1%, reflecting strong long-term appreciation in this market.
Price History
Santa Teresa Home Price Trend
City Comparison
Santa Teresa vs. National Median
At $319,081, homes in Santa Teresa cost 22% below the national median of $410,000. This makes Santa Teresa a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Santa Teresa?
20% Down Payment
$63,816
on $319,081
Monthly P&I
$1,664/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,113/mo
incl. taxes & insurance
Income Needed
$84,520
gross annual (30% rule)
10% Down Option
$31,908
+ PMI applies
Loan Amount (20% dn)
$255,265
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 Santa Teresa, NM?
The median home value in Santa Teresa is $319,081 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.5% year-over-year.
How much have home prices changed in Santa Teresa?
Over the past year, home values in Santa Teresa have decreased by 0.5%. Over five years, prices have risen approximately 29.1%.
How much do I need to earn to buy a home in Santa Teresa?
To comfortably afford the median home price of $319,081 with a 20% down payment ($63,816) at today's rates (6.8%), you'd need a gross annual income of approximately $84,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Santa Teresa compare to the national average home price?
The national median home value is approximately $410,000. At $319,081, homes in Santa Teresa are 22% below the national average.
What metro area is Santa Teresa part of?
Santa Teresa is part of the Las Cruces, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.