La Luz, NM—88337
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — La Luz, NM
As of Oct '25, the median home price in La Luz, NM is $255,000, with a year-over-year change of 4.0%. This indicates that home prices in La Luz, NM are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $255,000 | 4.0% |
| Single Family | $255,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $217,000 | 2.4% |
3 Bed | $270,000 | 3.4% |
4 Bed | $366,000 | 3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — La Luz, NM
As of July '25, Rentcast reports the average rent in La Luz, NM is $1,700, with a year-over-year rent change of -24.4%. Per bedroom, the median rent as of July '25 in La Luz, NM is 3-bedrooms: $1,700. The most common rental property sizes in La Luz, NM are 3-bedroom and studio, accounting for 39.5% and 19.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,700 | $1,700 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — La Luz, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in La Luz, NM is 83. This is a increase of 30.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $305,000 | -30.0% |
Listing Count | 20 | 153.0% |
| Listings as % of Homes | 0.5% | 153.0% |
Days on Market | 83 | 30.0% |
Demographics — La Luz, NM
As of the latest ACS Survey released in 2023, La Luz, NM has a population of 1,940, which has decreased by -9.1% over the past 5 years. La Luz, NM is a less popular place for families, as children make up 13.1% of the population. The area has a moderately educated workforce, with 26.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,940 | -9.1% |
% Under 18 | 13.1% | 4.0% |
% Seniors | 29.4% | 5.0% |
% WFH | 7.5% | 31.6% |
% w/ College Degree | 26.3% | 9.6% |
As of the latest ACS Survey released in 2023, La Luz, NM is a predominantly white area, with 69.7% of the population identifying as white. The white population has shrunk by 12.5% in the last 5 years. The second most common race or ethnicity in La Luz, NM is hispanic, making up 27.0% of the population. Foreign-born residents account for 0.0% of the population in La Luz, NM, and this percentage has decreased by 100.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 69.7% | -12.5% |
% Black | 0.0% | N/A |
% Hispanic | 27.0% | 88.8% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — La Luz, NM
According to HUD data as of 2023, there were 27 mortgage originations in La Luz, NM, of which 44.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 59.0% above 90% LTV (very high). This implies large mortgage risk in La Luz, NM. Investor activity is low, as 0.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 27 |
% Conventional Loans | 44.0% |
% Government Loans | 56.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 22.0% |
Loan Activity
Rentals and Section 8 — La Luz, NM
La Luz, NM lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $760 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | -$390 | $1,700 | $1,310 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — La Luz, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $255,000 |
| Median Household Income | $58,200 |