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Las Cruces city, NM

ZIP 88007 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 88007

Median Home Value
$232,200
Median Rent
$610
Affordability Snapshot
$64,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,492/mo PITI).

11%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.6x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

31.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 88007 in Las Cruces city, NM, a household would need roughly $64,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,492. That is roughly in line with the local median household income ($65,022). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
80.7%+23% vs US avg
x
Vacancy Rate
7.2%-30% vs US avg
x
Broadband Access
88.9%+2% vs US avg
x
4+ Bedrooms
2.0%-86% vs US avg
x
Built Pre-1939
1.7%-87% vs US avg
x
Built Post-2014
3.0%-57% vs US avg
x
Rent Burden >30%
23.8%-52% vs US avg
x
Mortgage-Free
47.8%+25% vs US avg
x
$232,200
Home Value
$610
Rent
1995
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached66.0%
  • 1-unit attached1.0%
  • 2-9 units4.5%
  • 10+ units1.2%
  • Mobile home & other27.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$232,200
Median rent$610
Owner-occupied80.7%
Vacant7.2%
Price-to-income3.6x
Est. income to buy$64,000