Market Overview
Home Prices in Truth or Consequences, NM
The median home value in Truth or Consequences, NM is $159,998 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.7% compared to a year ago and down 0.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Truth or Consequences are priced61% below average.
Over the past five years, Truth or Consequences home values have risen by approximately20.4%, reflecting strong long-term appreciation in this market.
Price History
Truth or Consequences Home Price Trend
City Comparison
Truth or Consequences vs. National Median
At $159,998, homes in Truth or Consequences cost 61% below the national median of $410,000. This makes Truth or Consequences a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Truth or Consequences?
20% Down Payment
$32,000
on $159,998
Monthly P&I
$834/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,059/mo
incl. taxes & insurance
Income Needed
$42,360
gross annual (30% rule)
10% Down Option
$16,000
+ PMI applies
Loan Amount (20% dn)
$127,998
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 Truth or Consequences, NM?
The median home value in Truth or Consequences is $159,998 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.7% year-over-year.
How much have home prices changed in Truth or Consequences?
Over the past year, home values in Truth or Consequences have increased by 1.7%. Over five years, prices have risen approximately 20.4%.
How much do I need to earn to buy a home in Truth or Consequences?
To comfortably afford the median home price of $159,998 with a 20% down payment ($32,000) at today's rates (6.8%), you'd need a gross annual income of approximately $42,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Truth or Consequences compare to the national average home price?
The national median home value is approximately $410,000. At $159,998, homes in Truth or Consequences are 61% below the national average.