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City · 6,041 residents · Doña Ana County, New Mexico

Santa Teresa , New Mexico

In Santa Teresa, a typical home is worth $215,100 and typical rent is $1,356 a month. Compared with all of Doña Ana County, typical rent is 45% higher, typical household income is 11% higher, and the share of households that own their home is 8 points higher.

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  • Typical home value

    $215,100

    3% below the county

    13% below New Mexico

    • Santa Teresa
    • Doña Ana
    • New Mexico

  • Typical rent

    $1,356a month

    45% above the county

    27% above New Mexico

    • Santa Teresa
    • Doña Ana
    • New Mexico

  • Typical household income

    $63,161a year

    11% above the county

    About the same as New Mexico

    • Santa Teresa
    • Doña Ana
    • New Mexico

  • Households that own their home

    74%

    8 points above the county

    4 points above New Mexico

    • Santa Teresa
    • Doña Ana
    • New Mexico

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$318,001
0.7% less than 12 months ago
Typical rent
$1,684 a month
16.1% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Santa Teresa is in Doña Ana 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 Doña Ana County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Santa Teresa apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Anthony, the typical rent is $561: 59% less than in Santa Teresa ($1,356).

  2. Nearby, in Chaparral, the typical home value is $109,300: 49% less than in Santa Teresa ($215,100).

  3. The typical rent in Santa Teresa is $1,356 a month, 45% more than in Doña Ana County as a whole ($934).

  4. 74% of households in Santa Teresa own their home, against 65% in Doña Ana County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Santa Teresa

What homes there are in Santa Teresa, 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

The detached house rules in Santa Teresa: 69% of homes, more than in Doña Ana County (60%).

Year built

In Santa Teresa, half of the homes were built before 1991; in Doña Ana County, before 1991.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,335 a month

Doña Ana County: $1,442 a month

Without a mortgage

$341 a month

Doña Ana County: $416 a month

Owners with a mortgage

67%

Doña Ana County: 51%

Owning costs less in Santa Teresa: with a mortgage, the typical cost is $1,335 a month; in Doña Ana County, $1,442. Without one, $341.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The Census does not compare Santa Teresa with 2015–2019 because its boundaries changed. In Doña Ana County, over that time, the typical home value rose 50%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureSanta TeresaDoña Ana CountyNew MexicoUnited States
Rental vacancy Unreliable estimate4.1%5.9%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.0%0.9%
More than one person per room Unreliable estimate4.2%3.3%3.4%
People per household 2.842.582.482.53
Drive alone 85%75%74%69%
Carpool Unreliable estimate11%10%9%
Public transit Unreliable estimate1%1%3%
Walk or bike Unreliable estimate3%2%3%
Work from home Unreliable estimate10%12%15%
Other means Unreliable estimate2%1%2%
Typical commute Unreliable estimate10 to 19 minutes10 to 19 minutes20 to 29 minutes

More people live in each home here: 2.84 on average, against 2.58 in Doña Ana County.

To get to work, 85% of workers in Santa Teresa drive alone; in Doña Ana County, 75%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Santa Teresa?

A typical home is tight for the typical income

We start with a typical home in Santa Teresa, worth $215,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 34% of the typical household income in Santa Teresa, which is $63,161 a year. For that payment to be 28% of income, a household would need to earn about $75,613 a year.

The calculator's FHA and conventional loan limits are those of all of Doña Ana County.

Your numbers

Local data
$

Starts at the typical home value in Santa Teresa. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $7,529 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,764

at 7.18% · 30 years

Loan amount
$211,203
Total interest
$303,872
Paid off in
November 2056

Includes $3,632 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,474 a month

  • Tight

    $1,474 to $1,895 a month

    Your payment · 34%

  • Hard

    more than $1,895 a month

Compared with the typical household income in Santa Teresa ($63,161 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,764
Principal & interest$1,431
Property tax$149
Home insurance$90
FHA mortgage insurance (MIP)$95

You need at least $7,529 for the down payment, plus closing costs.

Next step

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.

The city and its county

Santa Teresa and Doña Ana County

Santa Teresa is in Doña Ana 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).

Santa Teresa's own numbers

Typical home value
$215,100
Typical monthly rent
$1,356
Typical yearly household income
$63,161
Households that own their home
74%
Effective property tax rate
0.83%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Doña Ana County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,073
Price change over 5 years (FHFA)
+51%
Homes in a high flood-risk zone
5.6%

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 Doña Ana County.

Everything about Doña Ana County

Buying

Buying a home in Santa Teresa

A typical home in Santa Teresa is worth $215,100: 3% below the county and 13% below New Mexico. With the typical household income in Santa Teresa ($63,161 a year), a typical home costs 3.4 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.

  • Santa Teresa 3.4 years
  • Doña Ana 3.9 years
  • New Mexico 3.9 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Doña Ana County

According to FHFA’s house price index, home prices in Doña Ana County rose 80% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Doña Ana County.

Period County New Mexico U.S.
Last year (2025) +1.9% +3.1% +2.9%
5 years (2020–2025) +51% +50% +47%
10 years (2015–2025) +80% +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

Santa Teresa next to Doña Ana 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
  • Santa Teresa $215,100
  • Doña Ana $220,800
  • New Mexico $248,100
  • United States $332,700
Typical monthly rent
  • Santa Teresa $1,356
  • Doña Ana $934
  • New Mexico $1,067
  • United States $1,413
Typical yearly household income
  • Santa Teresa $63,161
  • Doña Ana $56,848
  • New Mexico $64,059
  • United States $80,734
See the full table
Santa Teresa next to Doña Ana County and New Mexico
Measure Santa Teresa Doña Ana County New Mexico U.S.
Typical home value $215,100 $220,800 $248,100 $332,700
Typical monthly rent $1,356 $934 $1,067 $1,413
Typical yearly household income $63,161 $56,848 $64,059 $80,734
Households that own their home 74% 65% 70% 65%
Typical yearly property tax $1,794 $1,480 $1,731 $3,119
Effective property tax rate 0.83% 0.67% 0.7% 0.94%
Renters with high rent for their income 59% 54% 50% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Doña Ana 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 Santa Teresa

For a typical $215,100 home in Santa Teresa, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Santa Teresa's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,764a month

    Least cash to close
    Down payment
    $7,529
    Cash to close
    $13,982
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $95

  • Conventional, 5% down $1,725a month

    Down payment
    $10,755
    Cash to close
    $17,208
    Rate
    7.18%
    Mortgage insurance
    PMI · $102

  • Conventional, 20% down, no PMI $1,404a month

    Down payment
    $43,020
    Cash to close
    $49,473
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,603a month

    Down payment
    $32,265
    Cash to close
    $38,718
    Rate
    8.18%
    Mortgage insurance
    None

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.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Santa Teresa and for Doña Ana County.

Property tax

Effective rate in Santa Teresa

0.83%of the home’s value each year

$1,794 a year for the typical owner in Santa Teresa.

  • Santa Teresa 0.83%
  • Doña Ana 0.67%
  • New Mexico 0.7%

What New Mexico publishes 3 percent cap on the yearly increase in your home's taxable value (New Mexico Legislative Finance Committee ("Property Taxes in New Mexico" brief))

Exemptions and deadlines in New Mexico

Flood risk in Doña Ana County

FEMA does not publish these numbers by city: they are for all of Doña Ana County.

Homes in the high-risk zone
5.6%
4,258
Of those, with NFIP insurance
16%
County New Mexico U.S.
Homes in the high-risk zone 5.6% 5.7% 3.5%
Of those, with NFIP insurance 16% 16% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Santa Teresa

Typical rent in Santa Teresa is $1,356 a month: 45% above the county. In Santa Teresa, 59% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Doña Ana County, by unit size. To pay the 2-bedroom one ($1,073 a month) without spending more than 30% of your income, you would need to earn $20.63 an hour working full time.

HUD fair market rent for all of Doña Ana County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $790 $15.19 $31,600
1 bedroom $975 $18.75 $39,000
2 bedrooms $1,073 $20.63 $42,920
3 bedrooms $1,461 $28.10 $58,440
4 bedrooms $1,692 $32.54 $67,680

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 Santa Teresa

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Santa Teresa is in ZIP code 88008.

For 2 bedrooms it is $1,340: $267 more than the fair market rent for Doña Ana County ($1,073).

  • 88008 $1,340$1,820

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Santa Teresa 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 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Santa Teresa

HUD lists one building with rents for lower incomes in Santa Teresa.

  • Santa Teresa Family Homes 100 Comerciantes BLVD, Santa Teresa 88008 74 homes, 60 low-income · 3 bd: 74 · In service since 2004

See all 42 buildings in Doña Ana County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Santa Teresa

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.

There is 1 HUD-approved agency with an office in Doña Ana County; 1 says it serves in Spanish.

A man smiles on a bench outside his apartment building.

HUD counseling is free or low-cost

Assistance programs in Santa Teresa

No down payment, repair or rent-help program on our list is for Santa Teresa or Doña Ana County. The ones below are statewide in New Mexico: they work in Santa Teresa the same as in the rest of the state.

Which programs do I qualify for? All programs in New Mexico

  • FirstDown

    Statewide in New Mexico

    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).

    Repayable

    See the program Official page

  • HomeNow

    Statewide in New Mexico

    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).

    Forgivable

    See the program Official page

  • FirstDown Plus

    Statewide in New Mexico

    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).

    Repayable

    See the program Official page

Housing counselors near Santa Teresa

The HUD-approved agencies closest to the center of Santa Teresa, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Tierra del Sol Housing

    210 E Idaho Ave, Las Cruces · 30 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (575) 541-0477

  • Tiwa Lending Services

    117A Tribal Road 40, Isleta · 210 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (505) 916-0556

  • United South Broadway Corporation

    1500 Walter St SE, Albuquerque · 221 miles away

    • Mortgage delinquency and default
    (505) 764-8867

Every agency in Doña Ana County All counseling agencies in New Mexico

Help in Spanish near Santa Teresa

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Santa Teresa

In HUD’s record, no housing authority with an office in Doña Ana County is named for Santa Teresa or Doña Ana County.

2 other authorities have an office in Doña Ana County: see the list Source: HUD

Cities

Other cities in Doña Ana County

These cities are also in Doña Ana County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Doña Ana County Housing in New Mexico

Nearby cities

The cities closest to Santa Teresa, with the typical home value.

Neighboring counties

If Doña Ana County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Santa Teresa.

All guides
A mother holding her baby watches her daughter blow bubbles outdoors.

Questions

Housing questions about Santa Teresa

Short answers with the numbers for Santa Teresa and all of Doña Ana 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 Santa Teresa?

The typical home value in Santa Teresa is $215,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Doña Ana County it is $220,800.

How much does it cost to rent in Santa Teresa?

Typical rent in Santa Teresa is $1,356 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Doña Ana County is $1,073.

What is the FHA loan limit in Santa Teresa?

Santa Teresa uses the FHA limit for all of Doña Ana 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 Santa Teresa?

The typical homeowner in Santa Teresa pays $1,794 a year, according to the U.S. Census Bureau. That is 0.83% of the home’s value; in Doña Ana County, the rate is 0.67%.

Where can I find free help to buy or rent in Santa Teresa?

There is 1 HUD-approved counseling agency with an office in Doña Ana County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).