23 census tracts
Las Cruces.New Mexico housing market
This Las Cruces housing market report covers about 41,100 homes across 23 census tracts. The median household income is $44,501, lower than in 135 of the 139 markets PriceDNA tracks, against the New Mexico median of $60,363. For August 2026, the average listing price is $440,301 across 640 active listings (Realtor.com Economic Research, Monthly Housing Inventory).
- Average listing price
- $440,301 640 active listings · Realtor.com Economic Research, Monthly Housing Inventory · August 2026
- Approximate homes
- 41,100 across 23 assigned tracts
- Renter-occupied
- 48% of occupied homes
Las Cruces housing market context
- Rent takes 37.1% of household income at the median (its rent-to-income ratio), higher than in 134 of the 139 markets, against the New Mexico median of 31.3%.
- Picking the tract matters more in Las Cruces than in most markets: the middle half of its tracts spans 57 to 65 on the Location Score, wider than in 133 of the 139 markets.
- The median census tract scores 60.5 on the PriceDNA Location Score™, lower than in 129 of the 139 markets.
These are city-level figures. To see how one property measures up against your goal, run a specific address.
Location score distribution
How location scores vary across 23 census tracts in Las Cruces.
Half of Las Cruces's tracts score between 57 and 65. The full range spans 51 to 72, with a median of 60.5.
What the location score shows
PriceDNA Location Score™ is a 0 to 100 signal designed to summarize local strength and risk context for rental-property analysis. Higher scores generally point to stronger location fundamentals.
The middle half of Las Cruces's tracts is 8.6 points wide on the score, wider than in 133 of the 139 markets PriceDNA tracks.
To see the location score for your specific property, analyze a property
Housing composition
Key housing statistics for approximately 41,100 homes in Las Cruces, including occupancy, tenure, and structure type.
Of about 41,100 homes, 6.1% are vacant. Among occupied homes, 48% are renter-occupied, providing context on the size of the local rental base.
By structure type, about 63% of Las Cruces’s housing units are in single-family structures, 11% in small multifamily buildings (2 to 4 units), and 19% in larger multifamily buildings (5+ units). About 7.3% of Las Cruces’s housing units are mobile homes. Percentages are rounded; small residual structure categories are not shown.
How Las Cruces compares
Las Cruces's median is above the New Mexico median on 4 of these 8 measures and above the U.S. median on 3. The city range shows the lower quarter, median and upper quarter of its census tracts.
| Metric | Las Cruces lower · median · upper Las Cruces | New Mexico NM | United States US |
|---|---|---|---|
|
Census ACS B19013 · 2020 to 2024
|
$39,060 $44,501 $61,332 | $60,363 | $77,171 |
|
Census ACS B15003 · 2020 to 2024
|
35% 43% 47% | 38% | 41% |
|
Census ACS B01001 · 2020 to 2024
|
32% 36% 38% | 32% | 32% |
|
FHFA HPI · 2025
|
4.8% every tract | 5.4% | 5.2% |
|
HUD SAFMR · 2018 to 2027 + Census ACS B25064 · 2014 to 2024
|
2.6% 2.9% 3.0% | 3.8% | 3.8% |
|
Census ACS B25103 · 2020 to 2024 + Lincoln Institute
|
1.46% every tract | 1.46% | 1.65% |
|
Census ACS B25141 · 2020 to 2024 + U.S. Treasury FIO
|
0.45% 0.53% 0.60% | 0.52% | 0.56% |
|
Census ACS B25064 + B19013 · 2020 to 2024
|
32.9% 37.1% 38.5% | 31.3% | 30.8% |
About this data
PriceDNA uses the most local reliable data available for each metric. Some signals are available at the census-tract level. Others are published or more reliable at broader geographies such as county, metro, state, or national level.
Housing-unit totals are approximate. PriceDNA sums Census ACS counts for the tracts assigned to the city by centroid, so the market total can differ from a municipal boundary count when a tract crosses the city line.
The property-tax assumption combines local residential tax data with a state-level apartment benchmark to provide more conservative context for rental-property underwriting. Insurance assumptions use available residential property insurance data and should be verified for the specific property and coverage.
These pages are designed for market screening and investor education. They do not replace property-level underwriting, inspections, appraisals, insurance quotes, lender review, or professional advice.
Nearby markets
Market pages for other cities within 300 miles.
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