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Dexter

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

Median Home$98,200
Median Rent$681/month
Population1,042
Leading IndustriesRetail · Wholesale Trade · Education16% retail
Home Value Growth+8.4% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners75% of occupied units
NotableAffordable Market$98k median home · lower cost than 92% of the country
Dexter
NM

Frequently Asked Questions

What are today's mortgage rates in Dexter?

As of today, the 30-year fixed mortgage rate for Dexter is approximately 6.909% (6.946% 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 Dexter?

The median home value in Dexter is $98k. The median monthly rent is $681. Annual property taxes average $707. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Dexter?

Home values in Dexter have increased 8.4% over the past two years. This represents moderate growth. 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 Dexter?

Based on a typical all-in ownership cost of $640/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Dexter is $38k/year.

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What industries drive the economy in Dexter?

The largest employment sectors in Dexter are public administration (23%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.