The story of this market
The typical home in Luna County, New Mexico sells for about $180,459, or $135 per square foot.
Prices are up +3.1% from a year ago, so sellers still have some momentum. Homes take about 28 days to sell, which is fast. Over the long run, values in this county have grown 102% since 2000. The biggest natural hazard here is drought, which FEMA rates relatively high. HUD's fair market rent for a two-bedroom is $1,014 a month.
HUD sets the fair market rent for a 2-bedroom at $1,014 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Moderate.
Price climate
Every year of price change, 2000–2025
0%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+20.8%). Worst: 2010 (-8.8%). Hover to read a year.
Monthly price momentum
Home values since 2015
+3.3%
NM · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,325
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
0%
2025 change
FHFA repeat-sales index, median of 2 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
74
Relatively Moderate
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $11,007,970.
Mortgage activity
Home lending in this county
60.6%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 483 | 207 | 60.6% | 2.4% | $115,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Luna County, New Mexico
The Luna County housing market is characterized by low sales volume and modest price appreciation. Limited inventory and a small rental market suggest a quiet, stable environment for local residents.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 2 cities · 4 ZIP reports
Median prices moved up 0.9% year over year.
Homes spend a median of 92 days on market with 4.8 months of supply — a balanced-paced market.
7% of listings have cut prices · homes sell at 96.65% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.0% · poverty 25.0% — a mixed stability profile.
Owned and leased federal assets with active or excess status, per the General Services Administration's Real Estate Across the United States inventory (read 2026-09-25). A federal footprint read on this county — not a market valuation, and never an attribute of any individual property or tenant.
Deterministic aggregate of 3 researched ZIP reports of 4 — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 29
researched Sep 29
researched Sep 29
researched Sep 29
| 88029 | Columbus | $135,000 | $115 | -2.1% | 142 | 94.5% | 12% | 9.3 | 28 | $850 | researched Sep 29 |
| 88030 | Deming | $219,868 | $135 | +0.2% | 101 | 96.5% | — | 4.5 | 108 | $850 | researched Sep 29 |
| 88031 | Deming | $145,000 | $118 | +3.2% | 62 | 97.5% | 18.5% | 4.1 | 48 | $950 | researched Sep 29 |
| 88032 | Deming | $379,000 | $230 | +2.1% | 48 | 98.5% | 15% | 4.2 | 1,643 | $1,575 | researched Sep 29 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
The area is characterized by arid desert conditions with exposure to wind and wildfire risks, as evidenced by regional wind farm infrastructure.
Economic activity is anchored by the Deming area, with regional infrastructure including wind energy projects on the Deming Plain.
Property taxes are administered at the county level; specific exemptions and district rates are determined by the Luna County Assessor's office.
The rental market is limited in depth with a small inventory of available properties.
The economy is centered around the Deming micropolitan area, with a mix of local services and regional energy infrastructure.
The county is served by major highway corridors connecting to the broader New Mexico region.
The Luna County Assessor manages property valuations for tax purposes.
- D. H. LESCOMBES WINERY & TASTING ROOM4.812.2 mi
- City of Rocks State Park4.819.5 mi
- Deming Luna Mimbres Museum4.87.2 mi
- Luna Rossa Winery4.75.1 mi
- Voiers "Pit" Park4.48.1 mi
- Deming Dog Park4.47 mi
- Deming Luna Mimbres Museum4.87.2 mi
- City of Rocks State Park4.819.5 mi
- Rockhound State Park4.617.3 mi
- Voiers "Pit" Park4.48.1 mi
- Deming Dog Park4.47 mi
- Nacio Herb Brown Memorial Park4.26.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
A notable wind energy facility located on the Deming Plain.
Data aggregated from Census QuickFacts and Data USA profiles.
applies when — Applies to residential parcels governed by a Homeowner Association (HOA) as defined by state statute.
Parcels are subject to the declaration, bylaws, and rules of the association, including the obligation to pay common expense assessments and potential liens for unpaid assessments.
NMSA 1978 § 47-16-1 et seq.
applies when — Applies to the resale of a unit within a condominium association.
The unit owner must furnish the purchaser with a resale certificate containing the declaration, bylaws, rules, and a statement of monthly common expense assessments, unpaid assessments, and other fees. The purchaser is not liable for unpaid assessments exceeding the amount disclosed in the certificate.
NMSA 1978 § 47-7D-9.
Tax is calculated by applying a tax rate (expressed in mills) to the net taxable value. The net taxable value is defined as one-third (33.33%) of the taxable value of the property. The taxable value is generally the market value, subject to statutory limitations on annual valuation increases for residential property. The total tax obligation is the product of the net taxable value and the sum of applicable local and state mill levies.
NMSA 1978 § 7-36-21.2; Property Tax Facts 2021, New Mexico Department of Finance and Administration.
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.