88007 — Do̱a Ana County, New Mexico Market Snapshot
Housing market data for zip code 88007 in Do̱a Ana County, New Mexico. Updated monthly with median prices, days on market, and more.
Market Sales Data
50 sales in 2026 (year to date)
Median Sale Price
$392,000
Days to Sell
82
Homes Sold
50
Inventory
102
Sale-to-List
97.7%
New Listings
96
Price/SqFt
$186
Pending Sales
62
Conforming Loan Available
Most homebuyers in 88007 can comfortably use conventional financing. The median home price of $392,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 82 days on average, 88007 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 88007 sells for 2.3% below asking price (97.7% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 88007 can comfortably use conventional financing. The median home price of $392,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 88007 are set at the county level.
2026 Loan Limits — Do̱a Ana County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 88007
To purchase the median home at $392,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,153.
Monthly Payment
$3,153
Income Required
$135,145
Principal & Interest
$2,415/mo
Down Payment (5%)
$19,600
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 88007.
Estimated Monthly Payment
$2,576
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