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La Mesilla

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

Median Home$274,100
Median Rent$1,006/month
Population2,139
Leading IndustriesArts, Food & Hospitality · Healthcare · Public Administration14% arts, food & hospitality
Home Value Growth⬆⬆+17.1% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners82% of occupied units
NotableHighly Educated30% bachelor's · 15% graduate · top 9% nationally
La Mesilla
NM

Frequently Asked Questions

What are today's mortgage rates in La Mesilla?

As of today, the 30-year fixed mortgage rate for La Mesilla is approximately 6.819% (6.852% 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 La Mesilla?

The median home value in La Mesilla is $274k. The median monthly rent is $1,006. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in La Mesilla?

Home values in La Mesilla have increased 17.1% 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 La Mesilla?

Based on a typical all-in ownership cost of $614/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in La Mesilla is $70k/year.

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What industries drive the economy in La Mesilla?

The largest employment sectors in La Mesilla are public administration (31%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.