Zip 88005 (Las Cruces, NM) Housing

Housing in 88005 Las Cruces, NM has seen strong appreciation over the past year. The median value of homes in the area is $242,900, which is significantly lower than the US house median value of $338,100. However, what it lacks in price it makes up for in appreciation rate. Over the last year, homes have appreciated 16.79%, which is much higher than the US average of 8.27%. This means that those who are looking to invest in this area will find a great opportunity if they act quickly.

The median home cost in Las Cruces (zip 88005) is $242,900. Home appreciation the last 10 years has been 65.2%. Home Appreciation in Las Cruces (zip 88005) is up 18.3%.

Average Age of Homes

- The median age of Las Cruces (zip 88005) real estate is 35 years old

The Rental Market in Las Cruces (zip 88005)

- Renters make up 30.4% of the Las Cruces (zip 88005) population
- 3.0% of houses and apartments in Las Cruces (zip 88005), 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
	12,266.0	139,647,020.0
	40	42
	$242,900	$338,100
	18.3%	16.6%
	57.5%	57.0%
	65.2%	101.1%
	$7.96	$10.98
	$1,310	$2,690
	51.4%	57.4%
	10.7%	11.2%
	37.8%	31.4%
Vacant Housing
	3.0%	1.9%
	0.5%	0.4%
	1.4%	0.7%
	0.5%	0.4%
	1.9%	3.6%
	3.5%	4.1%
Value of Owner-Occupied Housing
	8.0%	2.6%
	2.6%	2.4%
	3.8%	2.8%
	5.5%	3.9%
	3.8%	4.5%
	18.6%	11.3%
	23.8%	13.0%
	18.4%	20.1%
	7.7%	13.6%
	3.6%	8.3%
	3.2%	9.7%
	0.9%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	11.7%	13.6%
	11.7%	13.6%
	18.0%	13.6%
	20.1%	13.2%
	16.7%	14.8%
	18.0%	13.6%
	12.1%	10.0%
	2.8%	4.7%
	6.1%	12.2%

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