Truth or Consequences, NM

This city of 5,928 residents needs 50 more housing units over the next five years.

Housing snapshot

Population
5,928 (2026)
Households
2,525
Median household income
$34,293 (2026)
Typical home value
$165,102
Owner-occupied
42%
Five-year housing need
50 units

Comparison to other New Mexico municipalities

Truth or Consequences: $34,293 Median income (2026 estimate)
<$22K >$118K
Truth or Consequences: 0.86 jobs to household ratio
<0.13 >2.12
Truth or Consequences: No permit data
<0.1% >12.6%
On this page

How affordable is this community?

In Truth or Consequences, NM, the typical home price of $165,102 is below the New Mexico average of $221,231. With a median household income of $34,293 in Truth or Consequences, NM, housing costs are a modest stretch for the typical household.

This chart tracks whether housing prices are keeping pace with local incomes. The gap between what homes cost and what households can afford reveals affordability trends over time.

How is the population changing?

Truth or Consequences, NM has a population of roughly 6,019, though it has been declining at 0.6% per year.

Population growth patterns reveal how communities are evolving. This chart shows historical population changes by age group and projects future trends based on demographic patterns.

How has employment changed over time?

Jobs by industry sector since 2012. Switch between local jobs — counted where the jobs are located — and resident jobs, counted where the workers live. On the local view the most recent year is a nowcast: it grows the latest local LODES job mix forward using recent county employment growth from QCEW and the BLS local employment series, so the newest point tracks today's economy instead of data that is roughly two years old.

How are households changing by income?

Truth or Consequences, NM has roughly 2,525 households, though population has been declining at 0.6% per year.

Understanding how households at different income levels are growing or declining helps identify which groups face the greatest housing pressure and where new housing is most needed.

Who lives here today?

The housing stock in Truth or Consequences, NM is relatively mixed, with detached single-family as the most common type at 45%. In Truth or Consequences, NM, renters make up the majority, with only 42% of units owner-occupied.

Households may have different structure type preferences depending on characteristics such as household size, income, employment, presence of children, age of individuals, and lifestyle choices. Understanding the housing stock in corresponding terms helps assess how well existing units align with existing households' ideals.

What does the housing stock look like?

The mix of housing types and ownership patterns shapes a community's character. This chart breaks down housing units by structure type and whether they're owner-occupied or rented.

How much new housing supply is needed?

To keep up with growth and fill current housing shortages, Truth or Consequences, NM needs 50 new units over the next 5 years.

50
Units to address shortages in existing housing stock
Production needs to address vacancy rates and other factors.
24
Replacement housing
Effective annual loss rate is 1.3 per 1,000 units.
26
Substandard housing adjustment
Substandard housing rate is 1.97%. This is above National avg. of 0.98%.
50
Total 5-year housing production need (2026-2031)
10
Annual production pace
Average units needed per year to meet 5-year need
1.4%
Total housing unit growth
Percent increase in housing stock over 5 years
0.3%
Annual housing unit growth
Average percent increase in housing stock per year

How does this place compare to similar communities?