Las Cruces, NM—88005

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$275,000

0.4% YoY Growth

Household Income

$51,800

14.6% YoY Growth

Days on Market

18.0% Longer YoY

Home Price Forecast

2.3%

Median Rent

$1,040

0.8% YoY Growth

1-Bed Rent

$750

3.4% YoY Growth

2-Bed Rent

$1,040

10.5% YoY Growth

3-Bed Rent

$1,700

5.0% YoY Growth

Other Zip Codes in Las Cruces, NM

88007 88001 88011 88012 87937

Home Price Trends — Las Cruces, NM

As of Dec '25, the median home price in Las Cruces, NM is $275,000, with a year-over-year change of 0.4%. This indicates that home prices in Las Cruces, NM are flat. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$275,000	0.4%
Single Family	$278,000	0.4%
Condos	$187,000	2.7%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Type	Median Rent	Average Rent
Average Rent	$1,040	$1,260
Studio Rent	N/A	N/A
1 Bed Rent	$750	$811
2 Bed Rent	$1,040	$1,160
3 Bed Rent	$1,700	$1,520
4 Bed Rent	$2,300	$2,200

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$430,000	6.0%
Listing Count	132	46.0%
Listings as % of Homes	0.6%	46.0%
Days on Market	89	18.0%

Metric	Latest Census	YoY % Change
Population	27,000	-1.0%
% Under 18	18.4%	-9.8%
% Seniors	21.3%	17.0%
% WFH	7.4%	94.7%
% w/ College Degree	31.0%	1.0%

Metric	Latest Census	5-Year % Change
% White	35.0%	9.7%
% Black	2.2%	15.8%
% Hispanic	57.5%	-8.9%
% Asian	0.3%	-57.1%
% Foreign Born	8.6%	-28.3%

Metric	Zip Code Average
Total Loan Originations	317
% Conventional Loans	68.0%
% Government Loans	32.0%
% Investor Loans	4.0%
% Second Loans	2.0%
% Cash Out Refinance	16.0%

Las Cruces, NM—88005

Key Metrics at a Glance

Other Zip Codes in Las Cruces, NM

Home Price Trends — Las Cruces, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Las Cruces, NM

% of Rental Stock

Property Listings — Las Cruces, NM

Demographics — Las Cruces, NM

Race and Ethnicity

Mortgage and Risk — Las Cruces, NM

Mortgages

Rentals and Section 8 — Las Cruces, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Las Cruces, NM

Home Price to Income Ratio

Las Cruces, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Fairacres

Las Cruces, NM

Mesilla

La Mesa, NM

Las Cruces, NM

Frequently Asked Questions

Total Units under HUD	524
Total Units Section 8	475
% Rentals under Section 8	11.2%
% Occupied Section 8	76.8%

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$190	$750	$940
2 Bedroom	$0	$1,040	$1,040
3 Bedroom	-$250	$1,700	$1,450
4 Bedroom	-$700	$2,300	$1,600

Metric	Zip Code Average
Home Price to Income Ratio	4.8
Median Home Price	$275,000
Median Household Income	$51,800

Las Cruces, NM—88005

Key Metrics at a Glance

Other Zip Codes in Las Cruces, NM

Home Price Trends — Las Cruces, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Las Cruces, NM

% of Rental Stock

Property Listings — Las Cruces, NM

Demographics — Las Cruces, NM

Race and Ethnicity

Mortgage and Risk — Las Cruces, NM

Mortgages

Rentals and Section 8 — Las Cruces, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Las Cruces, NM

Home Price to Income Ratio

Las Cruces, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Fairacres

Las Cruces, NM

Mesilla

La Mesa, NM

Las Cruces, NM

Frequently Asked Questions

What is the average home price in Las Cruces, NM 88005?

How have home prices in Las Cruces, NM 88005 changed over the past year?

What is the home price projection for Las Cruces, NM 88005?

What are the demographics of Las Cruces, NM 88005?

How long does it take homes to sell in Las Cruces, NM 88005?

What is the average rent price in Las Cruces, NM 88005?