La Luz, NM 88337 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

La Luz, NM—88337

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$253,000

2.6% YoY Growth

Household Income

$58,200

20.9% YoY Growth

Days on Market

113

80.0% Longer YoY

Home Price Forecast

1.5%

Median Rent

$1,700

24.4% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,700

24.4% YoY Growth

Home Price Trends — La Luz, NM

As of Dec '25, the median home price in La Luz, NM is $253,000, with a year-over-year change of 2.6%. 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	$253,000	2.6%
Single Family	$253,000	1.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

19.5%

1 Bedroom

3.0%

2 Bedrooms

19.5%

3 Bedrooms

39.5%

4 Bedrooms

11.0%

5+ Bedrooms

7.5%

Property Listings — La Luz, NM

As of Dec '25, Realtor.com reports that the median days on market for a home in La Luz, NM is 90. This is a increase of 63.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$200,000	-24.0%
Listing Count	13	61.0%
Listings as % of Homes	0.5%	61.0%
Days on Market	113	80.0%

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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%

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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%

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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%

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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

La Luz, NM—88337

Key Metrics at a Glance

Home Price Trends — La Luz, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — La Luz, NM

% of Rental Stock

Property Listings — La Luz, NM

Demographics — La Luz, NM

Race and Ethnicity

Mortgage and Risk — La Luz, NM

Mortgages

Rentals and Section 8 — La Luz, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — La Luz, NM

Home Price to Income Ratio

La Luz, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Sunspot

Boles Acres, NM

Tularosa, NM

Holloman Air Force Base, NM

Cloudcroft, NM

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.9
Median Home Price	$253,000
Median Household Income	$58,200

La Luz, NM—88337

Key Metrics at a Glance

Home Price Trends — La Luz, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — La Luz, NM

% of Rental Stock

Property Listings — La Luz, NM

Demographics — La Luz, NM

Race and Ethnicity

Mortgage and Risk — La Luz, NM

Mortgages

Rentals and Section 8 — La Luz, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — La Luz, NM

Home Price to Income Ratio

La Luz, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Sunspot

Boles Acres, NM

Tularosa, NM

Holloman Air Force Base, NM

Cloudcroft, NM

Frequently Asked Questions

What is the average home price in La Luz, NM 88337?

How have home prices in La Luz, NM 88337 changed over the past year?

What is the home price projection for La Luz, NM 88337?

What are the demographics of La Luz, NM 88337?

How long does it take homes to sell in La Luz, NM 88337?

What is the average rent price in La Luz, NM 88337?