Is Rincon, NM 87940 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Rincon is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Rincon housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Doña Ana County, NM

Population	393
Median income	$56,750
Average income	$60,152
Owner-occupied	68% of homes
Median year built	1969
Walkability	4.6 of 20Least walkable

Natural hazard riskWinter storms (relatively high), wildfire (moderate), extreme heat (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 87940; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA); walkability from the EPA National Walkability Index.

Run the numbers for 87940

Prefilled for 87940Can I win this house?Multiple-offer likelihood for a listing Prefilled for 87940Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Anthony 88021Seller’s market $184 /sq ft Garfield 87936 — /sq ft Hatch 87937 — /sq ft La Mesa 88044Balanced $187 /sq ft Browse all markets →

Where Rincon is

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Questions about Rincon real estate

What are property taxes in Rincon?

About 0.67% of a home’s value a year in Doña Ana County, or roughly $2,680 on a $400,000 home.

Local agents

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More tools for 87940

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Doña Ana County property taxes Doña Ana County loan limits Closing costs in New Mexico Hottest ZIP codes in New Mexico

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology