Zip 88007 (Las Cruces, NM) Housing

The housing market in 88007 Las Cruces, NM is quite vibrant. The median value for houses in this area is $288,900, which is significantly lower than the US median value of $338,100. But when it comes to appreciation over the last year, the figures are much more impressive. While the US median house appreciation rate was 8.27%, the house appreciation rate in 88007 Las Cruces, NM was 16.79%. This indicates that there has been a very strong demand for real estate in this area over the last year and it looks like this trend will continue going forward.

The median home cost in Las Cruces (zip 88007) is $288,900. Home appreciation the last 10 years has been 65.2%. Home Appreciation in Las Cruces (zip 88007) is up 18.3%.

Average Age of Homes

- The median age of Las Cruces (zip 88007) real estate is 31 years old

The Rental Market in Las Cruces (zip 88007)

- Renters make up 19.6% of the Las Cruces (zip 88007) population
- 2.7% of houses and apartments in Las Cruces (zip 88007), 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
	9,614.0	139,647,020.0
	28	42
	$288,900	$338,100
	18.3%	16.6%
	57.5%	57.0%
	65.2%	101.1%
	$7.21	$10.98
	$1,411	$2,690
	72.4%	57.4%
	9.6%	11.2%
	17.9%	31.4%
Vacant Housing
	2.7%	1.9%
	0.5%	0.4%
	1.0%	0.7%
	0.0%	0.4%
	2.1%	3.6%
	3.3%	4.1%
Value of Owner-Occupied Housing
	11.8%	2.6%
	2.7%	2.4%
	3.5%	2.8%
	1.7%	3.9%
	3.2%	4.5%
	9.8%	11.3%
	19.3%	13.0%
	22.6%	20.1%
	6.6%	13.6%
	13.4%	8.3%
	3.2%	9.7%
	1.1%	3.9%
	0.0%	2.2%
	0.5%	0.8%
	0.8%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	24.8%	13.6%
	24.8%	13.6%
	19.4%	13.6%
	17.8%	13.2%
	16.5%	14.8%
	19.4%	13.6%
	2.7%	10.0%
	1.1%	4.7%
	1.6%	12.2%

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