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Las Cruces city, NM

ZIP 88011 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 88011

Median Home Value
$315,100
Median Rent
$942
Affordability Snapshot
$87,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,024/mo PITI).

15%
Rent-to-Income Ratio

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

4.2x
Home Price-to-Income Ratio

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

27.9 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 88011 in Las Cruces city, NM, a household would need roughly $87,000 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 $2,024. That is about 16% above the local median household income ($75,139), so the median earner would likely stretch or need a larger down payment. 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
60.8%-7% vs US avg
x
Vacancy Rate
8.0%-22% vs US avg
x
Broadband Access
95.3%+9% vs US avg
x
4+ Bedrooms
1.8%-88% vs US avg
x
Built Pre-1939
0.2%-99% vs US avg
x
Built Post-2014
1.6%-77% vs US avg
x
Rent Burden >30%
22.3%-55% vs US avg
x
Mortgage-Free
49.4%+29% vs US avg
x
$315,100
Home Value
$942
Rent
1995
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached61.0%
  • 1-unit attached5.9%
  • 2-9 units14.5%
  • 10+ units14.1%
  • Mobile home & other4.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$315,100
Median rent$942
Owner-occupied60.8%
Vacant8.0%
Price-to-income4.2x
Est. income to buy$87,000