Doña Ana County, New Mexico Housing Market
In Doña Ana County, New Mexico, the median home value is $220,800, with a median monthly rent of $934. This places Doña Ana County at #1180 nationally out of 3134 counties by median home value, and #9 within New Mexico.
How is this calculated?
Composite of 4 axes: Affordability (30%), Stability (25%), Momentum (25%), Vitality (20%), each normalized as a percentile rank across 3134 U.S. counties. Editorial rating only — not investment advice or a property valuation.
Market Phase classifies the current state of the market based on 5-year price growth and recent FHFA momentum: 🔥 Boom · 📈 Growth · ⚖️ Stable · ❄️ Cooling · 🌱 Recovering. This is a present-state classification, not a forecast.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $902
- Establishments: 5,648
- BLS QCEW, 2025
Housing Supply
- Single-family: 744
- Multi-family: 89
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 87,393 (avg $57,709)
- Outflow: 83,151 (avg $56,740)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 8 active ZIP codes in Doña Ana County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 88021 | 263.1 | — | 2025 |
| 2 | 88008 | 252.7 | +1.35% | 2025 |
| 3 | 79922 | 305.6 | +6.63% | 2025 |
| 4 | 88005 | 241.0 | -1.46% | 2025 |
| 5 | 88007 | 236.4 | +2.89% | 2025 |
| 6 | 88001 | 251.9 | -1.03% | 2025 |
| 7 | 88012 | 239.3 | +3.37% | 2025 |
| 8 | 88011 | 224.7 | +2.11% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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| Metric | Doña Ana County | New Mexico Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $220,800 | $192,727 | $227,706 |
| Median Gross Rent | $934 | $904 | $968 |
| Owner Occupancy Rate | 65.5% | 74.2% | 73.3% |
| Price/Rent Ratio | 19.7 | 17.7 | 18.7 |
Market Analysis
The median home value in Doña Ana County is 14.6% above the New Mexico state average and 3.0% below the U.S. national average. The median rent of $934/month is 3.3% above the state average.
With a price-to-rent ratio of 19.7, the buy-vs-rent decision in Doña Ana County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Doña Ana County has an owner-occupancy rate of 65.5%, compared to 74.2% in New Mexico and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Waseca County | Minnesota | $220,800 | $883 |
| Cape Girardeau County | Missouri | $220,700 | $881 |
| Radford city | Virginia | $220,700 | $1,033 |
| Fillmore County | Minnesota | $221,100 | $797 |
| Brown County | South Dakota | $221,100 | $777 |
Other Counties in New Mexico
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Valencia County | $223,000 | $1,015 | 83.2% |
| Eddy County | $212,600 | $1,245 | 73.3% |
| Lincoln County | $233,200 | $956 | 76.8% |
| Rio Arriba County | $243,700 | $740 | 80.0% |
| San Juan County | $193,800 | $956 | 71.2% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-16. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).