Rent in Deming, NM
Across Deming's 2 ZIP codes, a 2-bedroom typically rents for about $902 a month, with figures from $789–$1,014. The highest typical rent is in 88031 ($1,014) and the lowest in 88030 ($789). 1 ZIP has ZIP-level figures from HUD or Census; the other 1 uses the county Fair Market Rent. Owner-occupied homes in Luna County pay about 0.54% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $709 | $709 | 2 |
| 1 bed | $690 | $597–$782 | 2 |
| 2 beds | $902 | $789–$1,014 | 2 |
| 3 beds | $1,090 | $855–$1,325 | 2 |
| 4 beds | $1,163 | $926–$1,399 | 2 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Deming ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Deming, NM?
- About $902 a month: the median of the typical rents in 2 ZIP codes, which range from $789–$1,014. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Deming, NM?
- About $690 a month: the median of the typical rents in 2 ZIP codes, which range from $597–$782. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Deming, NM?
- About $1,090 a month: the median of the typical rents in 2 ZIP codes, which range from $855–$1,325. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Deming, NM?
- About $709 a month: the median of the typical rents in 2 ZIP codes, which range from $709. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Deming, NM?
- About $1,163 a month: the median of the typical rents in 2 ZIP codes, which range from $926–$1,399. Figures are gross rent (rent plus tenant-paid utilities).
- Which Deming ZIP code has the highest rent?
- For a 2-bedroom, 88031 has the highest typical rent at $1,014 a month, and 88030 the lowest at $789.
- What is the property tax rate in Deming, NM?
- Owner-occupied homes in Luna County pay a typical 0.54% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Deming rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).