How much is a home worth in ZIP code 88011?

The typical home in 88011 is worth $357,620, based on the Zillow Home Value Index.

Are home values rising in 88011?

Home values in 88011 are down 0.1% over the past year, and up 5.3% a year over five years.

What is the typical rent in 88011?

A typical home in 88011 rents for about $1,463 a month, a gross rental yield of 4.9%.

What is the property tax rate in 88011?

The effective property tax rate in 88011 is 0.7% — roughly $2,460 a year on a typical home.

ZIP code 88011 has a population of 33,064 and a median household income of $75,875.

HousingHandbookReference data

…

U.S. ZIP Code · NM88011

Doña Ana County · Las Cruces, NM

Typical home value

$357,620^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.1%
5-year / yr: +5.3%
10-year / yr: +5.0%

Relative price

vs U.S.: +25.9%
vs metro: +38.0%
vs state: +27.9%

Price history

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

The typical home in 88011 is worth $357,620 — 38.0% above the Las Cruces, NM median. Over the past year, values have fallen 0.1%. Homes here rent for a typical $1,463 a month — a 4.9% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

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

Monthly rent: $1,463^[2]
Gross yield: 4.9%^[2]
Cap rate: 2.9%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $2,460^[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: 33,064^[3]
Median household income: $75,875^[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: 7
Elementary: 3
Middle: 1
High: 2

ORGAN MOUNTAIN HIGH SCHOOL
High · Grades 9–12 · LAS CRUCES
2,063 students
CENTENNIAL HIGH SCHOOL
High · Grades 9–12 · LAS CRUCES
1,664 students
CAMINO REAL MIDDLE
Middle · Grades 6–8 · LAS CRUCES
928 students
SONOMA ELEMENTARY
Elementary · Grades PK–5 · LAS CRUCES
735 students
DESERT HILLS ELEMENTARY
Elementary · Grades PK–5 · LAS CRUCES
539 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.

Home value$Monthly rent$

Gross yield4.9%

Net yield (after ~40% expenses)2.9%

Annual rent$17,554

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,808

Loan principal$286,096

Down payment$71,524

Total interest paid$364,900

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.58

Monthly cost to own$2,312

Monthly rent$1,463

Renting is meaningfully cheaper month-to-month.

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: 29th percentile^[1]
Rental yield: 0th percentile^[2]
Property tax: 57th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 88011?: The typical home in 88011 is worth $357,620, based on the Zillow Home Value Index.
Are home values rising in 88011?: Home values in 88011 are down 0.1% over the past year, and up 5.3% a year over five years.
What is the typical rent in 88011?: A typical home in 88011 rents for about $1,463 a month, a gross rental yield of 4.9%.
What is the property tax rate in 88011?: The effective property tax rate in 88011 is 0.7% — roughly $2,460 a year on a typical home.
Who lives in 88011?: ZIP code 88011 has a population of 33,064 and a median household income of $75,875.

#Comparable ZIPs

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

88047 vs 88011 →
NM
Typical home
$347,353
Gross yield
—
88007 vs 88011 →
Las Cruces, NM
Typical home
$326,758
Gross yield
—
88008
Santa Teresa CDP, NM
Typical home
$314,316
Gross yield
6.3%
88044
La Mesa CDP, NM
Typical home
$300,157
Gross yield
—
88012
Las Cruces, NM
Typical home
$294,868
Gross yield
6.9%
88046
Mesilla, NM
Typical home
$283,424
Gross yield
—

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#Jump to section

U.S. ZIP Code · NM88011

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