Mortgage Rates in Artesia, New Mexico — March 2026
Updated March 2026 | Based on Artesia market data and regional lending conditions
Artesia is a growing city in New Mexico with a population of 12,974. The current 30-year fixed mortgage rate in Artesia is 6.8%, which is 0.15% above the national average. With a median home price of $210,000 and a 20% down payment of $42,000, homebuyers can expect a monthly principal and interest payment of approximately $1,095.
Current Mortgage Rates in Artesia, NM
Below are the current average mortgage rates available in the Artesia area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.8% | 6.65% | +0.15% |
| 15-Year Fixed | 6.03% | 5.89% | +0.14% |
| 5/1 ARM | 6.28% | 6.15% | +0.13% |
| FHA | 6.53% | 6.25% | +0.28% |
| VA | 6.28% | 6.05% | +0.23% |
| Jumbo | 7.05% | 6.85% | +0.2% |
Artesia Housing Market Overview
The Artesia housing market offers relatively affordable housing compared to many major cities. The median household income in Artesia is $48,700, and the cost of living index is 93.3 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $52,714 to comfortably afford the median-priced home in Artesia, which exceeds the current median household income.
Monthly Payment Breakdown for Artesia
Based on the median home price of $210,000 with 20% down ($42,000), here is what you can expect to pay monthly in Artesia:
15-Year vs. 30-Year Mortgage in Artesia
Choosing a 15-year mortgage in Artesia at 6.03% instead of a 30-year at 6.8% would save you $138,600 in total interest over the life of the loan. However, your monthly payment would be $1,420 instead of $1,095 — an increase of $325 per month.
Calculate Your Artesia Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Artesia
What are the current mortgage rates in Artesia, NM?
As of March 2026, the average 30-year fixed mortgage rate in Artesia, New Mexico is 6.8%, while the 15-year fixed rate is 6.03%. FHA loans average 6.53% and VA loans 6.28%. These rates are 0.15% above the national average of 6.65%.
How much is a monthly mortgage payment in Artesia?
Based on the median home price of $210,000 with 20% down, the estimated monthly mortgage payment in Artesia is $1,095 for principal and interest. Including property taxes of $135/month, the total monthly housing cost is approximately $1,230.
What income do I need to buy a home in Artesia?
Using the 28% rule, you would need an annual income of approximately $52,714 to afford the median-priced home in Artesia at $210,000. The median household income in Artesia is $48,700. This means most households would need to either earn above the median or consider homes below $210,000.
Is Artesia a good place to buy a home in 2026?
Artesia offers a below-average cost of living with a cost of living index of 93.3 (national average = 100). The property tax rate in New Mexico is 0.77%, which is below the national average. Artesia has a population of 12,974 and offers a very affordable lifestyle.
Mortgage Rates in Other New Mexico Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Artesia, New Mexico area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.