Las Cruces, NM Metro Area - Investment Guide
Metro Area • 10 Cities • 20 ZIP Codes
Avg Home Value
$255,679
Avg Monthly Rent
$1,067
Avg Cap Rate
3.30%
Avg Investability
3.0 ★
Cities
10
ZIP Codes
20
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Market Trends
Metro Home Value History
Metro Rent History
🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
❄️
COOL MARKET
Las Cruces, NM Metro Area
More inventory, negotiating room for buyers
82 days
Average time to sell
Slow
6.3%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of August 29, 2026 — updated weekly
Best ZIP codes in Las Cruces, NM
Every ZIP in the metro, ranked four ways. Free.
Cities in Las Cruces, NM
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 88008 | Santa Teresa | NM | $316,382 | $1,670 | 4.12% | |
| 88032 | Las Cruces | NM | $200,421 | $936 | 3.64% | |
| 87941 | Garfield | NM | $174,858 | $936 | 4.18% | |
| 88063 | Santa Teresa | NM | $247,324 | $873 | 2.75% | |
| 88001 | Las Cruces | NM | $205,056 | $979 | 3.72% | |
| 88072 | Vado | NM | $250,839 | $873 | 2.71% | |
| 88011 | Las Cruces | NM | $358,248 | $1,465 | 3.19% | |
| 88044 | La Mesa | NM | $300,157 | $900 | 2.34% | |
| 87936 | Garfield | NM | $185,888 | $936 | 3.93% | |
| 88005 | Las Cruces | NM | $271,113 | $1,050 | 3.02% | |
| 88081 | Chaparral | NM | $210,105 | $873 | 3.24% | |
| 88012 | Las Cruces | NM | $294,845 | $1,787 | 4.73% | |
| 88021 | Anthony | NM | $237,436 | $873 | 2.87% | |
| 87937 | Las Cruces | NM | $171,602 | $873 | 3.97% | |
| 88047 | La Mesa | NM | $347,353 | $963 | 2.16% | |
| 88007 | Las Cruces | NM | $320,192 | $873 | 2.13% | |
| 88008 | Santa Teresa | NM | $309,570 | $1,658 | 4.18% | |
| 88024 | Anthony | NM | $235,202 | $873 | 2.90% | |
| 87940 | Rincon | NM | $266,845 | $954 | 2.79% | |
| 88048 | Mesquite | NM | $208,104 | $873 | 3.27% | |
| 87941 | Garfield | NM | $182,638 | $936 | 4.00% | |
| 88063 | Santa Teresa | NM | $249,242 | $873 | 2.73% | |
| 88011 | Las Cruces | NM | $351,436 | $1,350 | 3.00% | |
| 88032 | Las Cruces | NM | $198,383 | $936 | 3.68% | |
| 88044 | La Mesa | NM | $296,997 | $900 | 2.36% | |
| 88001 | Las Cruces | NM | $209,165 | $971 | 3.62% | |
| 88072 | Vado | NM | $257,088 | $873 | 2.65% | |
| 88012 | Las Cruces | NM | $291,208 | $1,689 | 4.52% | |
| 87936 | Garfield | NM | $190,952 | $936 | 3.82% | |
| 87937 | Las Cruces | NM | $164,422 | $873 | 4.14% | |
| 88005 | Las Cruces | NM | $278,433 | $1,118 | 3.13% | |
| 88081 | Chaparral | NM | $213,428 | $873 | 3.19% | |
| 88021 | Anthony | NM | $231,556 | $873 | 2.94% | |
| 88024 | Anthony | NM | $232,150 | $873 | 2.93% | |
| 87940 | Rincon | NM | $255,285 | $954 | 2.91% | |
| 88047 | La Mesa | NM | $353,595 | $963 | 2.12% | |
| 88007 | Las Cruces | NM | $328,729 | $873 | 2.07% | |
| 88008 | Santa Teresa | NM | $314,117 | $1,598 | 3.97% | |
| 88032 | Las Cruces | NM | $192,741 | $936 | 3.79% | |
| 87941 | Garfield | NM | $165,350 | $936 | 4.42% | |
| 88048 | Mesquite | NM | $209,538 | $873 | 3.25% | |
| 88001 | Las Cruces | NM | $207,333 | $895 | 3.37% | |
| 88063 | Santa Teresa | NM | $247,803 | $873 | 2.75% | |
| 88011 | Las Cruces | NM | $357,949 | $1,473 | 3.21% | |
| 88044 | La Mesa | NM | $291,623 | $900 | 2.41% | |
| 87936 | Garfield | NM | $183,930 | $936 | 3.97% | |
| 88005 | Las Cruces | NM | $275,588 | $1,190 | 3.37% | |
| 88072 | Vado | NM | $259,434 | $873 | 2.62% | |
| 88012 | Las Cruces | NM | $295,265 | $1,748 | 4.62% | |
| 88021 | Anthony | NM | $240,198 | $873 | 2.83% |
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About Las Cruces, NM Real Estate Market
The Las Cruces, NM metropolitan statistical area (MSA) encompasses 10 cities and 20 ZIP codes. The average home value across the metro is $255,679, with an average monthly rent of $1,067. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.