Property Prices in Las Cruces, NM, United States

Index Info
Price to Income Ratio: 2.87
Mortgage as Percentage of Income: 25.41%
Loan Affordability Index: 3.94
Price to Rent Ratio - City Centre: 9.08
Price to Rent Ratio - Outside of Centre: 10.86
Gross Rental Yield (City Centre): 11.02%
Gross Rental Yield (Outside of Centre): 9.21%

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Rent Per Month
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1 Bedroom Apartment in City Centre 980.00 $ 950.00-1,000.00
1 Bedroom Apartment Outside of City Centre 775.00 $ 750.00-800.00
3 Bedroom Apartment in City Centre 1,866.67 $ 1,500.00-2,100.00
3 Bedroom Apartment Outside of City Centre 1,650.00 $ 1,300.00-2,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 185.01 $ 182.00-188.03
Price per Square Feet to Buy Apartment Outside of Centre 184.68 $ 182.00-188.03
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,470.75 $
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.38 5.50-6.80

These data are based on 49 entries from 19 contributors over the past 18 months.
Last update: 4 October 2025

Sources and References
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