Rent to own Homes in Deming, NM
Deming is a great destination for those who revel in open spaces off the beaten path. It is a town of 15,000 in the southern-central region of New Mexico that sits along the Interstate 10 corridor. To the east, I-10 intersects with Interstate 25, allowing convenient north-south travel for residents and tourists. The town was founded in the early 1880s and features several important landmarks.
Deming, NM is a great place for affordable rent-to-own homes! With a median household income of over $28,463 and a median rent of $478, the Deming, NM rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Deming, NM. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Deming, NM is seeing rapid growth and Deming, NM's' housing market remains optimal with an average home price that is -59% below the 2024 national average. Deming, NM is part of Luna county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Luna is 0.5% which is below the national average, which is 0.99%.
Median Home Price in Deming, NM
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Top 4 Reasons to Live in Deming, NM
Outdoor adventures! The towering volcanic formations in City of Rocks State Park provide an exciting backdrop for a day of adventure. The topography provides plenty of terrain for exploring, climbing and camping out. The Rockhound State Park of the Little Florida Mountains is a mere 14 miles away and offers compelling trails and an abundance of quartz and agate crystals to entice collectors. The attraction is well known for breathtaking views and has plenty of space for a weekend camp out.
Rural living near modern amenities! The Gage/Carne neighborhood offers room to breathe without sacrificing the modern conveniences of city life. There are numerous vacancies in this area, so there are plenty of houses to choose from. The nearby districts of City Center and Mountain View are home to municipal services and retail businesses. Send your seasonal gifts from the U.S. Post Office at 212 Copper Street or stop in next door at the Lifeways Health Shoppe to stock up on supplements and health-conscious cosmetics.
Recreation along the Mimbres River! This river valley is named after the Mimbres people, who occupied the area over 1,000 years ago. Today this lush stretch of river provides moisture to a vital natural habitat and outdoor fun for locals. Enjoy a 13-mile hike along the Mimbres River Trail or visit the Deming Luna Mimbres Museum to learn about native culture and modern history in the area.
Eco-friendly living! Citywide travel via bicycle is a popular trend for those wanting to do their part for the environment. Choosing a rent to own property in the centrally located Columbus Road SE/Dona Ana Road SE neighborhood allows residents to do just that. Whether heading to Sun Valley Do It Best Hardware or Walmart, shoppers can leave the car at home, save money on gas and get some healthy exercise.