Home Values

Las Cruces Metro Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$134,300

  • -2.3% 1-year change
  • 3.4% 1-year forecast

The median home value in Las Cruces Metro is $134,300. Las Cruces Metro home values have declined -2.3% over the past year and Zillow predicts they will rise 3.4% within the next year. The median rent price in Las Cruces Metro is $915, which is lower than the New Mexico median of $1,000.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Las Cruces Metro is 4.6%, which is lower than the national value of 6.3%.

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Relative ZHVI
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Las Cruces Metro Market Overview

Data through Apr 30, 2015
  • $134,300 ZHVI
  • 3.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Apr 30, 2016)
  • No data Median listing price
  • No data Median sale price
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Las Cruces Metro Market Health

Data through Apr 30, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • No data Homes with negative equity (16.9% US Avg)
  • 4.6% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Cities in Las Cruces Metro

Name Median ZHVI
Mesilla Park $190,200
Santa Teresa $172,700
La Mesa $151,900
Name Median ZHVI
Las Cruces $142,000
Chaparral $125,900
 

Listings & Sales

  • No data
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Las Cruces Metro Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $965 Las Cruces Metro
    $1,196 New Mexico
    $1,364 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $915 Rent list price
  • $0.66 Rent list price / sq ft
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