Las Cruces
New Mexico · Ranked #158 of 373 metros
80Affordable
💡
Housing in Las Cruces costs 4.04× the median income, below the national average of 4.5×. The median home price is $228K and median rent is $933/month. Las Cruces ranks #158 of 373 metros for affordability.
Median Home Price
🏠$228K
Need $67K income
Median Rent
🔑$933
Need $37K income
Building Permits
🔨964
annual
Median Income
💰$56K
Pop: 221,851
Rent Burden
⚠️24.8%
of renters paying >30%
Homeownership
🏡66.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Las Cruces | National |
|---|---|---|
| Price-to-Income Ratio | 4.04x | 6.1x |
| Rent Burden | 24.8% | 31.5% |
| Homeownership Rate | 66.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +60.2%Since 2000: +149.8%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$744/mo
1 Bedroom$951/mo
2 Bedroom$1,042/mo
3 Bedroom$1,449/mo
4 Bedroom$1,580/mo
Zillow Market Data
Home Value (ZHVI)
$284K
1yr: -0.8%5yr: +39.3%
Rent (ZORI)
$1,345/mo
1yr: +3.1%5yr: +37.0%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$250K
Active Inventory
32
Days on Market
61
Sold Above List
0.0%
Price Drops
15.6%