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City · 6,019 residents · Sierra County, New Mexico

Truth or Consequences , New Mexico

In Truth or Consequences, a typical home is worth $124,600 and typical rent is $714 a month. Compared with all of Sierra County, typical household income is 19% lower, the typical home value is 18% lower, and the share of households that own their home is 14 points lower.

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  • Typical home value

    $124,600

    18% below the county

    50% below New Mexico

    • Truth or Consequences
    • Sierra
    • New Mexico

  • Typical rent

    $714a month

    2% below the county

    33% below New Mexico

    • Truth or Consequences
    • Sierra
    • New Mexico

  • Typical household income

    $33,788a year

    19% below the county

    47% below New Mexico

    • Truth or Consequences
    • Sierra
    • New Mexico

  • Households that own their home

    58%

    14 points below the county

    12 points below New Mexico

    • Truth or Consequences
    • Sierra
    • New Mexico

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

Market now, with Zillow data

Zillow data
Typical home value
$154,703
4.8% more than 12 months ago

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

Truth or Consequences is in Sierra 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 Sierra County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Truth or Consequences apart

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

  1. Truth or Consequences has the 2nd lowest typical household income of the 46 cities in New Mexico with more than 5,000 people ($33,788).

  2. 58% of households in Truth or Consequences own their home, against 72% in Sierra County.

  3. Nearby, in Deming, the typical rent is $586: 18% less than in Truth or Consequences ($714).

  4. According to Zillow, in the 12 months to September 2026 the typical home value in Truth or Consequences rose 4.8%; in New Mexico, it rose 1.7%.

  5. The typical home in Truth or Consequences is worth $124,600, 18% less than in Sierra County as a whole ($152,600).

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Truth or Consequences

What homes there are in Truth or Consequences, 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

In Truth or Consequences there is a bit of everything: no kind of home reaches half. The most common are detached houses (45%), as in Sierra County.

Year built

Homes in Truth or Consequences are older: the typical year built is 1976; in Sierra County, 1983.

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

HUD's 2-bedroom fair market rent for Sierra County is high ($1,014): at least 79% of rents in Truth or Consequences cost less than $1,000.

With a mortgage

$992 a month

Sierra County: $1,123 a month

Without a mortgage

$371 a month

Sierra County: $372 a month

Owners with a mortgage

39%

Sierra County: 30%

The typical cost for an owner with a mortgage in Truth or Consequences is $992 a month, less than in Sierra County ($1,123); without one, $371.

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

Since 2015–2019, homes in Truth or Consequences gained value faster than in Sierra County: 46% against 30%.

Rents in Truth or Consequences rose faster than in Sierra County: 45% since 2015–2019, against 36%.

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

MeasureTruth or ConsequencesSierra CountyNew MexicoUnited States
Rental vacancy Unreliable estimateUnreliable estimate5.9%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.0%0.9%
More than one person per room Unreliable estimateUnreliable estimate3.3%3.4%
People per household 2.232.072.482.53
Drive alone 75%72%74%69%
Carpool Unreliable estimate10%10%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimateUnreliable estimate2%3%
Work from home Unreliable estimateUnreliable estimate12%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute Unreliable estimateUnreliable estimate10 to 19 minutes20 to 29 minutes

Households in Truth or Consequences are bigger: 2.23 people on average; in Sierra County, 2.07.

To get to work, 75% of workers in Truth or Consequences drive alone; in Sierra County, 72%.

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 Truth or Consequences?

A typical home is tight for the typical income

We start with a typical home in Truth or Consequences, worth $124,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 35% of the typical household income in Truth or Consequences, which is $33,788 a year. For that payment to be 28% of income, a household would need to earn about $42,688 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Truth or Consequences. 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 $4,361 (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

$996

at 7.18% · 30 years

Loan amount
$122,343
Total interest
$176,023
Paid off in
November 2056

Includes $2,104 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $788 a month

  • Tight

    $788 to $1,014 a month

    Your payment · 35%

  • Hard

    more than $1,014 a month

Compared with the typical household income in Truth or Consequences ($33,788 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$996
Principal & interest$829
Property tax$60
Home insurance$52
FHA mortgage insurance (MIP)$55

You need at least $4,361 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

Truth or Consequences and Sierra County

Truth or Consequences is in Sierra 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).

Truth or Consequences's own numbers

Typical home value
$124,600
Typical monthly rent
$714
Typical yearly household income
$33,788
Households that own their home
58%
Effective property tax rate
0.58%

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

Numbers for all of Sierra 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)
+61%

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 Sierra County.

Everything about Sierra County

Buying

Buying a home in Truth or Consequences

A typical home in Truth or Consequences is worth $124,600: 18% below the county and 50% below New Mexico. With the typical household income in Truth or Consequences ($33,788 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.

  • Truth or Consequences 3.7 years
  • Sierra 3.7 years
  • New Mexico 3.9 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Sierra County

According to FHFA’s house price index, home prices in Sierra County rose 99% in the 10 years through 2025.

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

Period County New Mexico U.S.
Last year (2025) +8.3% +3.1% +2.9%
5 years (2020–2025) +61% +50% +47%
10 years (2015–2025) +99% +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

Truth or Consequences next to Sierra 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
  • Truth or Consequences $124,600
  • Sierra $152,600
  • New Mexico $248,100
  • United States $332,700
Typical monthly rent
  • Truth or Consequences $714
  • Sierra $729
  • New Mexico $1,067
  • United States $1,413
Typical yearly household income
  • Truth or Consequences $33,788
  • Sierra $41,600
  • New Mexico $64,059
  • United States $80,734
See the full table
Truth or Consequences next to Sierra County and New Mexico
Measure Truth or Consequences Sierra County New Mexico U.S.
Typical home value $124,600 $152,600 $248,100 $332,700
Typical monthly rent $714 $729 $1,067 $1,413
Typical yearly household income $33,788 $41,600 $64,059 $80,734
Households that own their home 58% 72% 70% 65%
Typical yearly property tax $718 $789 $1,731 $3,119
Effective property tax rate 0.58% 0.52% 0.7% 0.94%
Renters with high rent for their income 47% 51% 50% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Sierra 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 Truth or Consequences

For a typical $124,600 home in Truth or Consequences, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Truth or Consequences's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $996a month

    Least cash to close
    Down payment
    $4,361
    Cash to close
    $8,099
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $55

  • Conventional, 5% down $973a month

    Down payment
    $6,230
    Cash to close
    $9,968
    Rate
    7.18%
    Mortgage insurance
    PMI · $59

  • Conventional, 20% down, no PMI $787a month

    Down payment
    $24,920
    Cash to close
    $28,658
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $903a month

    Down payment
    $18,690
    Cash to close
    $22,428
    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 Truth or Consequences and for Sierra County.

Property tax

Effective rate in Truth or Consequences

0.58%of the home’s value each year

$718 a year for the typical owner in Truth or Consequences.

  • Truth or Consequences 0.58%
  • Sierra 0.52%
  • 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 Sierra County

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

FEMA’s maps count no homes in the high-risk zone in Sierra County. That does not mean it cannot flood: check your address.

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Truth or Consequences

Typical rent in Truth or Consequences is $714 a month: 2% below the county. In Truth or Consequences, 47% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Sierra 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.

HUD fair market rent for all of Sierra 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 $706 $13.58 $28,240
1 bedroom $780 $15.00 $31,200
2 bedrooms $1,014 $19.50 $40,560
3 bedrooms $1,404 $27.00 $56,160
4 bedrooms $1,590 $30.58 $63,600

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 Truth or Consequences

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Truth or Consequences has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,010 in 87901 to $1,400 in 87935.

1 of the 2 is above the fair market rent for Sierra County ($1,014).

  • 87901 $1,010$1,410
  • 87935 $1,400$1,940

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Truth or Consequences 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 Truth or Consequences

HUD lists 4 buildings with rents for lower incomes in Truth or Consequences. These are the largest.

  • Villa del Sol 249 E 2nd Ave, Truth Or Consequences 87901 100 low-income homes · Run by Housing Authority of the City of Truth or Consequences · Average payment: $324 a month · Average wait: 11 months (575) 894-2244
  • Casa del Rio Apartments 165 N Silver St, Truth Or Consequences 87901 84 low-income homes · For older adults (575) 894-2244
  • Rio Abajo Apts 1485 E 2nd Ave, Truth Or Consequences 87901 42 homes, 41 low-income · In service since 2009
  • Tradewinds Carriage 1301 N Pershing St, Truth Or Consequences 87901 32 low-income homes · 1 bd: 12 · 2 bd: 12 · 3 bd: 8 · In service since 2004 · For families (575) 894-2244

See all 4 buildings in Sierra County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Truth or Consequences

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 Sierra County. The nearest ones are below; many serve by phone or online.

A man leans over the armchair where a girl is reading a book.

HUD counseling is free or low-cost

Assistance programs in Truth or Consequences

No down payment, repair or rent-help program on our list is for Truth or Consequences or Sierra County. The ones below are statewide in New Mexico: they work in Truth or Consequences 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 Truth or Consequences

The HUD-approved agencies closest to the center of Truth or Consequences, 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 · 71 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 · 120 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 · 132 miles away

    • Mortgage delinquency and default
    (505) 764-8867

All counseling agencies in New Mexico

Help in Spanish near Truth or Consequences

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 Truth or Consequences

HUD’s record names them for Truth or Consequences or Sierra County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of the City of Truth or Consequences Public housing and Section 8 vouchers (575) 894-2244

All housing agencies in New Mexico Source: HUD

Cities

Nearby cities

The cities closest to Truth or Consequences, with the typical home value.

Everything about Sierra County Housing in New Mexico

Neighboring counties

If Sierra 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 Truth or Consequences.

All guides
A father and mother walk their son by the hand down the sidewalk.

Questions

Housing questions about Truth or Consequences

Short answers with the numbers for Truth or Consequences and all of Sierra 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 Truth or Consequences?

The typical home value in Truth or Consequences is $124,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Sierra County it is $152,600.

How much does it cost to rent in Truth or Consequences?

Typical rent in Truth or Consequences is $714 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Sierra County is $1,014.

What is the FHA loan limit in Truth or Consequences?

Truth or Consequences uses the FHA limit for all of Sierra 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 Truth or Consequences?

The typical homeowner in Truth or Consequences pays $718 a year, according to the U.S. Census Bureau. That is 0.58% of the home’s value; in Sierra County, the rate is 0.52%.

Where can I find free help to buy or rent in Truth or Consequences?

We found no HUD-approved counseling agencies with an office in Sierra County; the nearest ones are on this page. 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).