Housing in Las Cruces, NM
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$298,475
Median List Price
$322,500
Price Per Sq Ft
$175
Days on Market
67
Active Inventory
400
Months of Supply
4.5
Balanced market
Zillow Home Value
$284,656
ZHVI — January 2026
Zillow Rent Index
$1,358
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
1.1%
Off Market in 2 Weeks
18.5%
Sale-to-List Ratio
148.1%
Seller's market
Market Activity
Source: RedfinHomes Sold
88
New Listings
130
Pending Sales
130
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$175
Median List $/SF
$186
Las Cruces vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 100,000 - 250,000 residents. Las Cruces is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$217,400
Median Rent
$946
Total Housing Units
49,809
Vacancy Rate
6.3%
Owner Occupied
55.6%
Renter Occupied
44.4%
Median Property Tax
$1,531
per year
Monthly Cost (w/ Mortgage)
$1,012
Housing Types
The current median sale price in Las Cruces, NM is $298,475 according to Redfin data. Homes spend a median of 67 days on the market. 1.1% of homes sold above asking price. The market has 4.5 months of supply. The median price per square foot is $175. Zillow's observed rent index is $1,358/month. About 55.6% of housing units are owner-occupied. The median year homes were built is 1989. There are 49,809 total housing units.