In Deming, a typical home is worth $127,400 and typical rent is $586 a month. Compared with all of Luna County, typical rent is 10% lower, typical household income is 6% lower, and the share of households that own their home is 5 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $156,226 to $166,222.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Deming is in Luna County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Luna County. See the county
What this place has that others do not, from public data, most unusual first.
1
Deming has the 2nd lowest typical rent of the 43 cities in New Mexico with more than 5,000 people ($586).
2
Deming has the 3rd lowest typical household income of the 46 cities in New Mexico with more than 5,000 people ($34,165).
3
66% of households in Deming own their home, against 71% in Luna County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Deming
What homes there are in Deming, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Deming
Luna County
New Mexico
United States
Kind of home: Deming and its comparisons
Measure
Deming
Luna County
New Mexico
United States
Detached house
59%
57%
65%
61%
Attached house
Unreliable estimate
Unreliable estimate
4%
6%
Building of 2 to 4
6%
3%
6%
8%
Apartments (5 or more)
Unreliable estimate
Unreliable estimate
10%
19%
Mobile home
21%
30%
16%
6%
Boat, RV and other
Unreliable estimate
2%
0%
0%
As in Luna County, most homes in Deming are detached houses (59%).
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Deming
Luna County
New Mexico
United States
Year built: Deming and its comparisons
Measure
Deming
Luna County
New Mexico
United States
Before 1960
24%
18%
17%
26%
1960–1979
33%
32%
26%
24%
1980–1999
28%
31%
32%
25%
2000–2009
12%
13%
16%
14%
2010 or later
Unreliable estimate
6%
10%
11%
By age, homes in Deming look like those in Luna County: the typical year built is 1977.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitCould be either sideUnreliable estimate
Under $100K39%
$100K–$200K39%
$200K–$300K11%
$300K–$500K10%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Deming and its comparisons
Measure
Deming
Under $100K
39%
$100K–$200K
39%
$200K–$300K
11%
$300K–$500K
10%
$500K–$750K
Unreliable
$750K–$1M
Unreliable
$1M or more
Unreliable estimate
The FHA limit for Luna County is high ($541,287): at least 100% of owner-occupied homes in Deming are worth less than $500,000.
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50038%
$500–$99946%
$1,000–$1,499Unreliable
HUD fair market rent, 2 bedrooms: $1,014
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Deming and its comparisons
Measure
Deming
Under $500
38%
$500–$999
46%
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a HUD fair market rent of $1,014 for 2 bedrooms, at least 84% of rented homes in Deming sit below it.
With a mortgage
$1,069 a month
Luna County: $1,094 a month
Without a mortgage
$258 a month
Luna County: $290 a month
Owners with a mortgage
45%
Luna County: 41%
In Deming, 45% of owners have a mortgage; their typical cost is $1,069 a month, about the same as in Luna County.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Deming+34%
Luna County+47%
New Mexico+45%
United States+53%
Typical rent
DemingNo clear change
Luna CountyNo clear change
New Mexico+26%
United States+33%
Typical household income
Deming+26%
Luna County+24%
New Mexico+29%
United States+29%
Change since 2015–2019: Deming and its comparisons
Measure
Deming
Luna County
New Mexico
United States
Typical home value
+34%
+47%
+45%
+53%
Typical rent
No clear change
No clear change
+26%
+33%
Typical household income
+26%
+24%
+29%
+29%
The typical home value in Deming rose 34% since 2015–2019, less than in Luna County (47%).
Rent in Deming moved so little since 2015–2019 that the Census cannot say whether it rose or fell.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Deming and its comparisons
Measure
Deming
Luna County
New Mexico
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
5.9%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
1.0%
0.9%
More than one person per room
Unreliable estimate
Unreliable estimate
3.3%
3.4%
People per household
2.63
2.72
2.48
2.53
Drive alone
76%
78%
74%
69%
Carpool
17%
12%
10%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
Unreliable estimate
2%
3%
Work from home
Unreliable estimate
6%
12%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
Unreliable estimate
10 to 19 minutes
10 to 19 minutes
20 to 29 minutes
A household in Deming has 2.63 people on average, about the same as in Luna County (2.72).
In Deming, 17% of workers share a car to get to work; in Luna County, 12%.
Do the math
What would you pay each month for a home in Deming?
A typical home is tight for the typical income
We start with a typical home in Deming, worth $127,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 36% of the typical household income in Deming, which is $34,165 a year. For that payment to be 28% of income, a household would need to earn about $43,692 a year.
The calculator's FHA and conventional loan limits are those of all of Luna County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Deming. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $4,459 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,020
at 7.18% · 30 years
Loan amount
$125,092
Total interest
$179,979
Paid off in
November 2056
Includes $2,151 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $797 a month
Tight
$797 to $1,025 a month
Your payment · 36%
Hard
more than $1,025 a month
Compared with the typical household income in Deming ($34,165 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$847
Property tax
$63
Home insurance
$53
FHA mortgage insurance (MIP)
$56
You need at least $4,459 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,020; principal and interest $847.
The city and its county
Deming and Luna County
Deming is in Luna County, New Mexico. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Deming
Map of Luna County, New Mexico, with Deming marked. Around it, the neighboring counties.
Deming
Luna County
Deming's own numbers
Typical home value
$127,400
Typical monthly rent
$586
Typical yearly household income
$34,165
Households that own their home
66%
Effective property tax rate
0.59%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Luna County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,014
Price change over 5 years (FHFA)
+58%
Homes in a high flood-risk zone
3.1%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Luna County.
A typical home in Deming is worth $127,400: about the same as the county and 49% below New Mexico. With the typical household income in Deming ($34,165 a year), a typical home costs 3.7 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Deming3.7 years
Luna3.5 years
New Mexico3.9 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Luna County
According to FHFA’s house price index, home prices in Luna County rose 75% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Luna County.
Yearly change in FHFA’s price index in Luna County, 2016 to 2025
2016: +1.0% +1.0% 2016
2017: −0.1% −0.1% 2017
2018: −0.6% −0.6% 2018
2019: +14.2% +14.2% 2019
2020: −3.3% −3.3% 2020
2021: +13.5% +13.5% 2021
2022: +14.6% +14.6% 2022
2023: +16.8% +16.8% 2023
2024: +6.2% +6.2% 2024
2025: −1.9% −1.9% 2025
Change in FHFA’s price index in Luna County, New Mexico and the United States
Period
County
New Mexico
U.S.
Last year (2025)
−1.9%
+3.1%
+2.9%
5 years (2020–2025)
+58%
+50%
+47%
10 years (2015–2025)
+75%
+82%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Deming next to Luna County, New Mexico and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Deming$127,400
Luna$128,000
New Mexico$248,100
United States$332,700
Typical monthly rent
Deming$586
Luna$650
New Mexico$1,067
United States$1,413
Typical yearly household income
Deming$34,165
Luna$36,419
New Mexico$64,059
United States$80,734
See the full table
Deming next to Luna County and New Mexico
Measure
Deming
Luna County
New Mexico
U.S.
Typical home value
$127,400
$128,000
$248,100
$332,700
Typical monthly rent
$586 ▼10% below the county
$650
$1,067
$1,413
Typical yearly household income
$34,165 ▼6% below the county
$36,419
$64,059
$80,734
Households that own their home
66% ▼5 points below the county
71%
70%
65%
Typical yearly property tax
$756 ▲10% above the county
$687
$1,731
$3,119
Effective property tax rate
0.59% ▲0.05 points above the county
0.54%
0.7%
0.94%
Renters with high rent for their income
49% ▼1 points below the county
50%
50%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Luna County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Deming
For a typical $127,400 home in Deming, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Deming's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,019a month
Least cash to close
Down payment
$4,459
Cash to close
$8,281
Rate
7.18%
Mortgage insurance
FHA MIP · $56
Conventional, 5% down$996a month
Down payment
$6,370
Cash to close
$10,192
Rate
7.18%
Mortgage insurance
PMI · $61
Conventional, 20% down, no PMI$806a month
Down payment
$25,480
Cash to close
$29,302
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$924a month
Down payment
$19,110
Cash to close
$22,932
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Deming
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,019
$4,459
$125,092
7.18%
FHA MIP · $56
$8,281
580
Conventional, 5% down
$996
$6,370
$121,030
7.18%
PMI · $61
$10,192
620*
Conventional, 20% down, no PMI
$806
$25,480
$101,920
7.18%
None
$29,302
620*
ITIN, 15% down (example)
$924
$19,110
$108,290
8.18%
None
$22,932
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Deming and for Luna County.
Property tax
Effective rate in Deming
0.59%of the home’s value each year
$756 a year for the typical owner in Deming.
Deming0.59%
Luna0.54%
New Mexico0.7%
What New Mexico publishes3 percent cap on the yearly increase in your home's taxable value (New Mexico Legislative Finance Committee ("Property Taxes in New Mexico" brief))
Typical rent in Deming is $586 a month: 10% below the county. In Deming, 49% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Luna County, by unit size. To pay the 2-bedroom one ($1,014 a month) without spending more than 30% of your income, you would need to earn $19.50 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Luna County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$709
$13.63
$28,360
1 bedroom
$782
$15.04
$31,280
2 bedrooms
$1,014
$19.50
$40,560
3 bedrooms
$1,325
$25.48
$53,000
4 bedrooms
$1,399
$26.90
$55,960
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Deming
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Deming is in ZIP code 88030.
For 2 bedrooms it is $1,020: $6 more than the fair market rent for Luna County ($1,014).
Fair market rent by ZIP code and size in Deming, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
88030
$710
$790
$1,020
$1,330
$1,410
ZIP code2 bd3 bd
88030 $1,020$1,330
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Deming when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Luna County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Deming or Luna County. The ones below are statewide in New Mexico: they work in Deming the same as in the rest of the state.
New Mexico state agency fixed-rate second mortgage for the down payment and closing costs of first-time buyers, together with the FirstHome mortgage.Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).
New Mexico state agency fixed $7,000 second mortgage for the down payment and closing costs of low-income first-time buyers; no monthly payments and forgivable after 10 years.Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).
New Mexico state agency fixed $10,000 third loan at 0%, for the down payment only, added to FirstDown or HomeNow; repaid in monthly installments over 15 years.Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).
No legal help resource on our list is for Deming or Luna County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Deming and all of Luna County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Deming?
The typical home value in Deming is $127,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Luna County it is $128,000.
How much does it cost to rent in Deming?
Typical rent in Deming is $586 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Luna County is $1,014.
What is the FHA loan limit in Deming?
Deming uses the FHA limit for all of Luna County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Deming?
The typical homeowner in Deming pays $756 a year, according to the U.S. Census Bureau. That is 0.59% of the home’s value; in Luna County, the rate is 0.54%.
Where can I find free help to buy or rent in Deming?
We found no HUD-approved counseling agencies with an office in Luna County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
