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Deming

Learn about the people, housing, costs and businesses in Deming, New Mexico

Median Home$135,384
Median Rent$686/month
Population15,075
Leading IndustriesManufacturing · Public Administration · Agriculture & Mining4% manufacturing
Home Value Growth⬆⬆⬆+36.0% over 2 years
Young Adults29% of residentsslightly above average
Homeowners68% of occupied units
NotableAffordable Market$135k median home · lower cost than 79% of the country
Deming
NM

Frequently Asked Questions

What are today's mortgage rates in Deming?

As of today, the 30-year fixed mortgage rate for Deming is approximately 6.921% (6.958% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Deming?

The median home value in Deming is $135k. The median monthly rent is $686. Annual property taxes average $739. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Deming?

Home values in Deming have increased 36.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Deming?

Based on a typical all-in ownership cost of $556/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $24k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Deming is $34k/year.

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What industries drive the economy in Deming?

The largest employment sectors in Deming are public administration (29%) and agriculture and mining (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.