Zip 88012 (Las Cruces, NM) Housing

The housing market in Las Cruces, NM (zip code 88012) is quite strong. The median value for a house in this area is $272,300, substantially lower than the US Median Value of $338,100. Even so, the 1 year appreciation in Las Cruces is higher than the US average at 16.79%, which is 8.27% higher than the US 1 year appreciation rate. This makes Las Cruces an attractive option for those looking to invest in real estate due to its relatively low median value combined with its high appreciation rate.

The median home cost in Las Cruces (zip 88012) is $272,300. Home appreciation the last 10 years has been 65.2%. Home Appreciation in Las Cruces (zip 88012) is up 18.3%.

Average Age of Homes

- The median age of Las Cruces (zip 88012) real estate is 17 years old

The Rental Market in Las Cruces (zip 88012)

- Renters make up 19.8% of the Las Cruces (zip 88012) population
- 0.5% of houses and apartments in Las Cruces (zip 88012), 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
	11,524.0	139,647,020.0
	21	42
	$272,300	$338,100
	18.3%	16.6%
	57.5%	57.0%
	65.2%	101.1%
	$7.52	$10.98
	$1,174	$2,690
	72.5%	57.4%
	8.2%	11.2%
	19.3%	31.4%
Vacant Housing
	0.5%	1.9%
	0.0%	0.4%
	0.6%	0.7%
	0.4%	0.4%
	1.2%	3.6%
	5.6%	4.1%
Value of Owner-Occupied Housing
	4.7%	2.6%
	4.3%	2.4%
	3.8%	2.8%
	6.4%	3.9%
	4.5%	4.5%
	22.9%	11.3%
	24.8%	13.0%
	23.0%	20.1%
	3.9%	13.6%
	0.6%	8.3%
	0.3%	9.7%
	0.8%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.5%	0.2%
	27.5%	13.6%
	27.5%	13.6%
	22.6%	13.6%
	16.2%	13.2%
	8.0%	14.8%
	22.6%	13.6%
	1.0%	10.0%
	0.4%	4.7%
	0.9%	12.2%

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