HousingHandbookReference data

U.S. ZIP Code · NM88007

Doña Ana County · Las Cruces, NM

Typical home value

$326,758[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+0.5%
5-year / yr
+5.6%
10-year / yr
+5.1%

Relative price

vs U.S.
+15.0%
vs metro
+26.1%
vs state
+16.9%
ZIP 88007 location in NM
Location of ZIP 88007 in NM

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 88007 is worth $326,758 — 26.1% above the Las Cruces, NM median. Over the past year, values have risen 0.5%. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.6%[3]
Typical annual tax
$1,934[3]

#Climate risk

FEMA National Risk Index ratings for Doña Ana County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively High[4]
Riverine flood
Relatively High
Coastal flood
Not Applicable
Wildfire
Relatively Low
Drought
Relatively High
Heat wave
Relatively Moderate
Hurricane
Very Low
Tornado
Very Low
Earthquake
Relatively Moderate
Winter weather
Very High

#Who lives here

Population
26,254[3]
Median household income
$64,892[3]

#Migration

Household moves in and out of Doña Ana County over a year, from IRS tax-return data.

Net migration
+104[5]
Moved in
5,116
Moved out
5,012

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
5
Elementary
3
Middle
1
High
1
  • MAYFIELD HIGH

    High · Grades 9–12 · LAS CRUCES

    1,401 students

  • VISTA MIDDLE

    Middle · Grades 6–8 · LAS CRUCES

    581 students

  • EAST PICACHO ELEMENTARY

    Elementary · Grades PK–5 · LAS CRUCES

    482 students

  • FAIRACRES ELEMENTARY

    Elementary · Grades PK–5 · LAS CRUCES

    407 students

  • RAICES DEL SABER XINACHTLI COMMUNITY

    Elementary · Grades K–5 · RAICES DEL SABER XINACHTLI COMMUNITY

    133 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,652
Loan principal$261,406
Down payment$65,352
Total interest paid$333,409

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$2,085
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
41st percentile[1]
Rental yield
[2]
Property tax
29th percentile[3]

Frequently asked

How much is a home worth in ZIP code 88007?
The typical home in 88007 is worth $326,758, based on the Zillow Home Value Index.
Are home values rising in 88007?
Home values in 88007 are up 0.5% over the past year, and up 5.6% a year over five years.
What is the property tax rate in 88007?
The effective property tax rate in 88007 is 0.6% — roughly $1,934 a year on a typical home.
Who lives in 88007?
ZIP code 88007 has a population of 26,254 and a median household income of $64,892.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Santa Teresa CDP, NM

    Typical home
    $314,316
    Gross yield
    6.3%
  • NM

    Typical home
    $347,353
    Gross yield
  • La Mesa CDP, NM

    Typical home
    $300,157
    Gross yield
  • Las Cruces, NM

    Typical home
    $357,620
    Gross yield
    4.9%
  • Las Cruces, NM

    Typical home
    $294,868
    Gross yield
    6.9%
  • Mesilla, NM

    Typical home
    $283,424
    Gross yield

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 88007 against any other ZIP — full side-by-side table.

Compare 88007

#Jump to section