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Las Cruces city, NM

ZIP 88012 — 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 88012

Median Home Value
$222,300
Median Rent
$1,058
Affordability Snapshot
$61,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,428/mo PITI).

19%
Rent-to-Income Ratio

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

3.3x
Home Price-to-Income Ratio

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

17.5 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 88012 in Las Cruces city, NM, a household would need roughly $61,000 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 $1,428. That is roughly in line with the local median household income ($66,988). 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
76.0%+16% vs US avg
x
Vacancy Rate
8.2%-20% vs US avg
x
Broadband Access
89.0%+2% vs US avg
x
4+ Bedrooms
1.9%-87% vs US avg
x
Built Pre-1939
0.2%-99% vs US avg
x
Built Post-2014
4.9%-29% vs US avg
x
Rent Burden >30%
23.1%-54% vs US avg
x
Mortgage-Free
33.5%-12% vs US avg
x
$222,300
Home Value
$1,058
Rent
2003
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 detached65.3%
  • 1-unit attached4.1%
  • 2-9 units3.2%
  • 10+ units1.2%
  • Mobile home & other26.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$222,300
Median rent$1,058
Owner-occupied76.0%
Vacant8.2%
Price-to-income3.3x
Est. income to buy$61,000