Santa Teresa: Housing & Real Estate
The median Santa Teresa home is valued at $215,100 (estimated market value runs 13% higher at $242,890), with median rent $1,356 (1.6× higher than Doña Ana County median $858; 1.4× higher than New Mexico median $972). Homeownership rate: 73.7%. That's 1.1× higher than the Doña Ana County median ($187,400); about the same as the New Mexico median ($214,132). Market is warm. Vacancy rate 5.0%. New construction makes up 13.2% of stock. A municipal building code is in effect.
- 3.4× annual income — home value vs. household income (vs New Mexico 3.3×).
- 13.2 years to break even renting at the median (vs New Mexico 18y).
- 4-BR rent is 2.1× a studio — rent gradient by unit size.
- Median rent runs 30% above HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $215,100 — 1.0× the New Mexico median ($214,131). Median rent $1,356/month. homeownership rate 73.7% — above the U.S. share of ~65%.
| Affordability · Price To Income Ratio | 3.4× |
|---|---|
| Affordability · Rent To Income Pct | 25.8% |
| Affordability · Affordable | Yes |
| Affordability · Interpretation | affordable |
| Fair Market Rent · Studio rent | $744 |
| Fair Market Rent · One-bedroom rent | $951 |
| Fair Market Rent · Two-bedroom rent | $1,042 |
| Fair Market Rent · Three-bedroom rent | $1,449 |
| Fair Market Rent · Four-bedroom rent | $1,580 |
| Fair Market Rent · HUD FMR area | Las Cruces, NM MSA |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $242,890 |
| Median Home Value | $215,100 (at New Mexico median) |
| Median Rent | $1,356 (vs New Mexico $972) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 5.0% |
| Housing Market · New construction (% of stock) | 13.2% |
| Housing Market · Price Appreciation 2Yr | -0.7% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (5)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 6.3% |
| Broadband · Broadband-capable premises | 2,241 |
| Electricity · Electricity rate (¢/kWh) | 14.20¢/kWh |
| Electricity · Customers | 936,098 |
| Electricity · Revenue Millions | $1,043 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0% |
| Mobile Broadband · 4G mobile coverage | 100% |
| Mobile Broadband · 5G mobile coverage | 100% |
| Mobile Home Parks Detail · County total | 7 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Charging & Mobility
| Ev Charging · Stations | 5 |
|---|---|
| Ev Charging · Public Stations | 5 |
| Ev Charging · L2 Ports | 6 |
Sources: DOE AFDC API
Other
| Homeownership Rate | 73.7% |
|---|---|
| Median Year Built | 1991 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12