Las Cruces Metro Area, NM Housing

The housing market in the Las Cruces, NM Metro Area is an attractive option for potential buyers. The median value of a home in this area is $246,100, which is much lower than the US median value of $338,100. However, while the US has seen a 1 year house appreciation rate of 8.27%, House 1 year appreciation in Las Cruces, NM Metro Area is only 4.60%. Despite the slower pace of increase in house value in this area compared to the national average, it can still offer good opportunities to those looking to invest in real estate.

The median home cost in Las Cruces Metro Area is $246,100. Home appreciation the last 10 years has been 65.0%. Home Appreciation in Las Cruces Metro Area is up 18.2%.

Average Age of Homes

- The median age of Las Cruces Metro Area real estate is 29 years old

The Rental Market in Las Cruces Metro Area

- Renters make up 31.7% of the Las Cruces Metro Area population
- 2.4% of houses and apartments in Las Cruces Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Las Cruces, New Mexico	United States
	89,119.0	139,647,020.0
	32	42
	$246,100	$338,100
	18.2%	16.6%
	57.2%	57.0%
	65.0%	101.1%
	$7.82	$10.98
	$1,268	$2,690
	58.2%	57.4%
	10.3%	11.2%
	31.5%	31.4%
Vacant Housing
	2.4%	1.9%
	0.2%	0.4%
	0.7%	0.7%
	0.2%	0.4%
	2.0%	3.6%
	4.7%	4.1%
Value of Owner-Occupied Housing
	7.0%	2.6%
	3.3%	2.4%
	3.7%	2.8%
	5.8%	3.9%
	6.7%	4.5%
	17.7%	11.3%
	21.1%	13.0%
	19.7%	20.1%
	7.3%	13.6%
	3.9%	8.3%
	2.8%	9.7%
	0.7%	3.9%
	0.0%	2.2%
	0.1%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	17.9%	13.6%
	17.9%	13.6%
	19.3%	13.6%
	18.3%	13.2%
	15.3%	14.8%
	19.3%	13.6%
	6.3%	10.0%
	1.9%	4.7%
	2.7%	12.2%

Reviews for Las Cruces

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Gwen · Las Cruces, NM

Pros and Cons

Over 6 years ago

As a 35 year old, lifetime resident of Las Cruces I have seen this town grow A LOT from when I was 10 years old. Unfortunately, the crime has gone up quite a bit but More