Zip 88001 (Las Cruces, NM) Housing

The housing market in 88001 Las Cruces, NM is notably strong with a median value of $176,200. This is far below the US house median value at $338,100. However, the 1 year house appreciation rate for 88001 Las Cruces, NM is much higher than the national average at 16.79%, compared to 8.27%. This indicates that the housing market in this area is growing significantly faster than other regions in the US. As such, those looking for an investment property or a new home may find great value and potential profits when investing in this particular area of New Mexico.

The median home cost in Las Cruces (zip 88001) is $176,200. Home appreciation the last 10 years has been 65.2%. Home Appreciation in Las Cruces (zip 88001) is up 18.3%.

Average Age of Homes

- The median age of Las Cruces (zip 88001) real estate is 43 years old

The Rental Market in Las Cruces (zip 88001)

- Renters make up 50.2% of the Las Cruces (zip 88001) population
- 4.5% of houses and apartments in Las Cruces (zip 88001), 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
	16,514.0	139,647,020.0
	45	42
	$176,200	$338,100
	18.3%	16.6%
	57.5%	57.0%
	65.2%	101.1%
	$7.78	$10.98
	$958	$2,690
	39.2%	57.4%
	10.3%	11.2%
	50.5%	31.4%
Vacant Housing
	4.5%	1.9%
	0.5%	0.4%
	0.5%	0.7%
	0.0%	0.4%
	0.6%	3.6%
	4.3%	4.1%
Value of Owner-Occupied Housing
	4.9%	2.6%
	2.9%	2.4%
	2.7%	2.8%
	7.8%	3.9%
	13.1%	4.5%
	33.4%	11.3%
	21.4%	13.0%
	10.8%	20.1%
	1.8%	13.6%
	0.4%	8.3%
	0.1%	9.7%
	0.5%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	9.2%	13.6%
	9.2%	13.6%
	11.4%	13.6%
	18.8%	13.2%
	17.3%	14.8%
	11.4%	13.6%
	18.0%	10.0%
	4.3%	4.7%
	3.4%	12.2%

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