The typical owner-occupied home in Mesquite is worth about $96,400, 61% below the New Mexico median of $248,100 and 71% below the national median of $332,700. Owners pay a median $1,233 a year in property taxes, about 1.28% of their home's value, higher than the New Mexico rate of 0.70%. The median household earns $70,692 a year, so the median home costs 1.4 times the median income (3.9 times for New Mexico). 100% of occupied homes here are lived in by their owners, and 76% of those owners still have a mortgage.
Mesquite at a glance
| Mesquite | New Mexico | U.S. | |
|---|---|---|---|
| Median home value | $96,400 | $248,100 | $332,700 |
| Median property tax paid per year | $1,233 | $1,731 | $3,119 |
| Property tax as a share of value | 1.28% | 0.70% | 0.94% |
| Median household income | $70,692 | $64,059 | $80,734 |
| Homes lived in by their owners | 100% | 70% | 65% |
| Owner homes with a mortgage | 76% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $3,204 | $1,564 | $1,963 |
| Those costs as a share of the owners' income | 51.0% | 20.6% | 21.0% |
| Median rent | – | $1,067 | $1,413 |
| Median year homes were built | 1993 | 1985 | 1980 |
| Vacant homes | 9.1% | 12.5% | 10.1% |
| Population | 675 | 2,120,246 | 334,922,499 |
What a typical home costs per month in Mesquite
At this week's average 30-year rate of 7.11%, buying the median Mesquite home of $96,400 with 20% down costs about $662 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $822, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $28,362 for the 20%-down payment. That payment is 11% of the median Mesquite household income of $70,692; at that income and 20% down, the 28% guideline points to a home of about $240,000.
| Down payment | $19,280 |
|---|---|
| Loan amount | $77,120 |
| Principal and interest | $519 |
| Property taxes (1.28% a year) | $103 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| PMI | $0 |
| Total per month | $662 |
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| Down payment | $3,374 |
|---|---|
| Loan amount | $94,654 |
| Principal and interest | $637 |
| Property taxes (1.28% a year) | $103 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| FHA mortgage insurance | $43 |
| Total per month | $822 |
Change the numbers in the calculator
Questions about home buying in Mesquite
What is the median home value in Mesquite?
About $96,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mesquite?
Homeowners pay a median $1,233 a year, which is about 1.28% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Mesquite?
For the median home with 20% down at 7.11%, the payment is about $662 a month. Keeping that under 28% of gross income takes about $28,362 a year.
More about Mesquite
- Mortgage Refinance in Mesquite
- Debt Relief in Mesquite
- Home Equity Loans in Mesquite
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data