MonitorBankRates
☰
New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Mesilla, NM Housing Affordability Index

Mesilla, New Mexico has an MBR Housing Affordability Index score of 103.5 (Near National Average) as of October 30, 2026, ranking 123rd most affordable of 147 scored New Mexico cities, compared with 112.1 statewide and 97.4 nationally. On a median-priced $301,400 home with 20% down, the New Mexico average 30-year fixed rate of 7.26% means a monthly principal and interest payment of about $1,646, or 26% of the city’s $74,750 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Mesilla is updated every night from live New Mexico mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Mesilla MBR-HAI 103.5 Near National Average
Rank in New Mexico 123 of 147 1 = most affordable
New Mexico 112.1 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.26% New Mexico lenders
Median home value $301,400 U.S. Census Bureau

Mesilla is 8.5 points below the New Mexico score. Scores as of October 30, 2026. See the New Mexico index

View Mesilla Mortgage Rates

What It Takes to Buy in Mesilla

$1,646/mo
Principal & Interest
Median home, 20% down, 7.26%
$70,500
Income Needed
To keep the payment at 28% of income
$74,750
Median Household Income
New Mexico: $64,059
4.0x
Price-to-Income Ratio
New Mexico: 3.9x
$1,017/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,321/yr
Median Property Tax
0.77% of median value
39.9%
Owner Cost Burden
Owners spending 30%+ of income on housing
40.0%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Mesilla, New Mexico. The rate is the New Mexico average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Mesilla Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Mesilla, New Mexico score: 103.5 (Near National Average), ranked 123 of 147 New Mexico cities. monitorbankrates.com/housing-affordability-index/new-mexico/mesilla”