Most Affordable ZIP Codes in Las Cruces, NM (2026)

The lowest entry prices that still hold a decent investability rating — cheap is only useful if the market underneath it is sound.

# ZIP City Home value Rent Cap rate 5-yr growth
1 87937 Las Cruces, NM $170,262 $873 4.00% 4.7%
2 87941 Garfield, NM $176,506 $936 4.14% 4.4%
3 87936 Garfield, NM $185,985 $936 3.93% 5.0%
4 88032 Las Cruces, NM $198,383 $936 3.68% 6.7%
5 88001 Las Cruces, NM $206,958 $963 3.63% 7.1%
6 88048 Mesquite, NM $209,538 $873 3.25% 7.0%
7 88081 Chaparral, NM $215,336 $873 3.16% 5.2%
8 88024 Anthony, NM $235,202 $873 2.90% 7.5%
9 88021 Anthony, NM $237,436 $873 2.87% 6.4%
10 88063 Santa Teresa, NM $247,803 $873 2.75% 6.8%
11 88072 Vado, NM $259,434 $873 2.62% 5.6%
12 87940 Rincon, NM $261,033 $954 2.85% 3.7%
13 88005 Las Cruces, NM $276,928 $1,169 3.29% 5.9%
14 88012 Las Cruces, NM $294,845 $1,787 4.73% 5.8%
15 88044 La Mesa, NM $296,997 $900 2.36% 2.1%
16 88008 Santa Teresa, NM $316,382 $1,670 4.12% 5.6%
17 88007 Las Cruces, NM $327,750 $1,536 3.66% 4.9%
18 88047 La Mesa, NM $353,595 $963 2.12% 5.3%
19 88011 Las Cruces, NM $358,248 $1,465 3.19% 4.7%

Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →

Same metro, different strategy

Cash Flow in Las Cruces, NM  ·  Appreciation in Las Cruces, NM

Or see the full Las Cruces, NM metro profile.