Las Cruces, New Mexico is a great city for housing and the median value of homes is $269,700. This is significantly lower than the US House median value of $338,100 but it still provides a good return on investment as the 1 year house appreciation rate in Las Cruces was 16.79%, while the average nationwide was 8.27%. With affordable prices and excellent returns on investment, Las Cruces is an ideal choice for homebuyers looking for a new or better place to live.
The median home cost in Las Cruces is $269,700. Home appreciation the last 10 years has been 65.2%. Home Appreciation in Las Cruces is up 18.3%.
Average Age of Homes
- The median age of Las Cruces real estate is 29 years old
The Rental Market in Las Cruces
- Renters make up 39.8% of the Las Cruces population
- 2.7% of houses and apartments in Las Cruces, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.