Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 14,522, 5,280 total housing units (homes and apartments), and a median house value of $81,259, house prices in Deming are some of the most affordable in New Mexico as well as the nation.
Single-family detached homes are the single most common housing type in Deming, accounting for 56.27% of the city's housing units. Other types of housing that are prevalent in Deming include mobile homes or trailers ( 23.59%), large apartment complexes or high rise apartments ( 10.16%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.98%).
People in Deming primarily live in small (one, two or no bedroom) single-family detached homes. Deming has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Deming built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Deming built between 1940-1969 ( 34.29%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.81%). There's also some housing in Deming built before 1939 ( 8.94%).
Vacant housing appears to be an issue in Deming. Fully 11.90% of the housing stock is classified as vacant. Left unchecked, vacant Deming homes and apartments can be a drag on the real estate market, holding Deming real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Deming's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Deming during the period has been just -1.64%, which is lower than 80% of US communities.
Over the last year, Deming appreciation rates have trailed the rest of the nation. In the last twelve months, Deming's appreciation rate has been 2.33%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Deming were at 1.52%, which equates to an annual appreciation rate of 6.23%.
Relative to New Mexico, our data show that Deming's latest annual appreciation rate is lower than 80% of the other cities and towns in New Mexico.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Deming differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Deming - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Deming real estate investment or home purchase decisions.
|$747,001 - $996,000||0.2|
|$498,001 - $747,000||0.7|
|$399,001 - $498,000||1.1|
|$298,001 - $399,000||0.8|
|$199,001 - $298,000||8.8|
|$99,001 - $199,000||28.4|
|$50,001 - $99,000||35.9|
|$0 - $50,000||23.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Deming HOMES|
|2000 or Newer||11.8|
|1970 - 1999||45.0|
|1940 - 1969||34.3|
|1939 or Older||8.9|
|TYPE OF Deming HOMES|
|Small Apt. Buildings||9.0|
|SIZE OF Deming HOMES|
|5 or more bedrooms||1.07|