House Prices

House Prices & Home Values Lemitar, NM 2026


Average Data

average house price$75,000
average size per house929 ft²
average price per ft²81 $ / ft²

06/26/2026 - The value range (VR) for house prices in Lemitar, NM is $81/ sqft to $81/ sqft. An average home with 929 sqft costs approximately $75,249 to $75,249. Lemitar, NM includes 1 ZIP codes and it is located in Socorro county. The lowest prices are found in ZIP 87823, while the highest are in ZIP 87823. The average price per sqare feet is $81. Our analysis is based on 1 property listings.

Avergage prices by ZIP codes Lemitar

8782387 $ / ft²




Historical development of home values in Lemitar

Year Estimated value (USD) Change vs. 2025
2010 $34,831 -53.6%
2011 $33,484 -55.4%
2012 $33,394 -55.5%
2013 $34,642 -53.8%
2014 $36,365 -51.5%
2015 $38,231 -49.0%
2016 $40,227 -46.4%
2017 $42,398 -43.5%
2018 $44,742 -40.3%
2019 $46,816 -37.6%
2020 $49,237 -34.4%
2021 $56,001 -25.3%
2022 $65,285 -13.0%
2023 $68,846 -8.2%
2024 $72,829 -2.9%
2025 $75,000 0.0%

Graph: estimated home values in Lemitar over time (USD)



Example: 100% financing house in Lemitar

Loan amount: $75,000

Interest rate: 6.00%

Fixed monthly payment: $449.66

Breakdown in the 1st month:
Interest portion: $375.00  –  Principal portion: $74.66

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $4,474.95 $921.01 $74,078.99
2 $4,418.14 $977.81 $73,101.18
3 $4,357.83 $1,038.12 $72,063.05
4 $4,293.80 $1,102.15 $70,960.90
5 $4,225.82 $1,170.13 $69,790.77
6 $4,153.65 $1,242.30 $68,548.46
7 $4,077.03 $1,318.93 $67,229.54
8 $3,995.68 $1,400.27 $65,829.27
9 $3,909.32 $1,486.64 $64,342.63
10 $3,817.62 $1,578.33 $62,764.29
11 $3,720.27 $1,675.68 $61,088.61
12 $3,616.92 $1,779.03 $59,309.58
13 $3,507.20 $1,888.76 $57,420.82
14 $3,390.70 $2,005.25 $55,415.57
15 $3,267.02 $2,128.93 $53,286.63
16 $3,135.71 $2,260.24 $51,026.39
17 $2,996.31 $2,399.65 $48,626.74
18 $2,848.30 $2,547.65 $46,079.09
19 $2,691.17 $2,704.79 $43,374.30
20 $2,524.34 $2,871.61 $40,502.69
21 $2,347.23 $3,048.73 $37,453.96
22 $2,159.19 $3,236.77 $34,217.20
23 $1,959.55 $3,436.40 $30,780.79
24 $1,747.60 $3,648.35 $27,132.44
25 $1,522.58 $3,873.38 $23,259.07
26 $1,283.68 $4,112.28 $19,146.79
27 $1,030.04 $4,365.91 $14,780.88
28 $760.76 $4,635.19 $10,145.68
29 $474.87 $4,921.08 $5,224.60
30 $171.35 $5,224.60 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Lemitar, NM


1500 sqft3900 sqft
Ø selling price$147,015$312,741
Ø fast selling$133,650$281,467
Ø high price sale$160,380$344,016

In 2026, houses in Lemitar, NM will be offered at an average price of $81 per square foot. A 1,500 sqft home priced at $147,015 is 24.56% more expensive per square foot than a 3,900 sqft home priced at $312,741. Home prices in Lemitar, NM vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $216,514. Sellers who can wait longer may achieve a higher price of up to $264,628.


Discover Lemitar, NM

Lemitar, NM is a small unincorporated community in Socorro County, New Mexico, known for its quiet rural character along the Rio Grande Valley. Travelers discover Lemitar as a peaceful base near Socorro with easy access to I-25 and classic New Mexican landscapes. With deep agricultural roots, the area features irrigated fields of alfalfa and chile sustained by historic acequias along the El Camino Real de Tierra Adentro corridor.

Location & Access

Lemitar sits just north of Socorro off I-25, making day trips to Albuquerque, Magdalena, or the Very Large Array straightforward.
The community has a post office serving ZIP code 87823 and benefits from services and dining in nearby Socorro and San Antonio.

Nature & Things to Do

Outdoor enthusiasts enjoy birding and photography along the Rio Grande bosque, with Sevilleta National Wildlife Refuge and Bosque del Apache National Wildlife Refuge a short drive away.
Hiking, cycling quiet farm roads, and fall chile-roasting season add authentic New Mexico experiences.

Community & Living

Housing in Lemitar offers a blend of rural lots, small farms, and modest neighborhoods that appeal to buyers seeking value and space.
Residents celebrate small-town friendliness, local church gatherings, and regional festivals in Socorro that showcase art, music, and green chile.
Whether you are planning a road trip or looking for a relaxed home base, Lemitar, New Mexico delivers scenic river-valley views, convenient access, and genuine small-town charm.



FAQ – Home Values in Lemitar

What is the median home value in Lemitar in 2026?

In 2026, the typical home value in Lemitar is about $75,000 for an average home size of 929 square feet. This corresponds to an average price of roughly $81 per square foot.

What is the average cost per square foot in Lemitar?

In 2026, homes in Lemitar sell for an average of around $81 per square foot, with a typical range between $81 and $81 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Lemitar is about 929 square feet, with an estimated 2026 value around $75,000.



Locations close to Lemitar, NM

Luna, NM125 $ / ft²
Magdalena, NM200 $ / ft²
Pie Town, NM170 $ / ft²
Datil, NM234 $ / ft²
Aragon, NM248 $ / ft²
Socorro, NM226 $ / ft²
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