HousingHandbookReference data

U.S. ZIP Code · NM88024

Doña Ana County · Las Cruces, NM

Typical home value

$235,217[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.0%
5-year / yr
+8.0%
10-year / yr

Relative price

vs U.S.
-17.2%
vs metro
-9.2%
vs state
-15.9%
ZIP 88024 location in NM
Location of ZIP 88024 in NM

Price history

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

The typical home in 88024 is worth $235,217 — 9.2% below the Las Cruces, NM median. Over the past year, values have risen 1.0%.

#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
[3]
Typical annual tax
[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
431[3]
Median household income
$38,333[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

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$1,189
Loan principal$188,174
Down payment$47,043
Total interest paid$240,005

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$1,621
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
100th percentile[1]
Rental yield
[2]
Property tax
[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 88024?
The typical home in 88024 is worth $235,217, based on the Zillow Home Value Index.
Are home values rising in 88024?
Home values in 88024 are up 1.0% over the past year, and up 8.0% a year over five years.
Who lives in 88024?
ZIP code 88024 has a population of 431 and a median household income of $38,333.

#Comparable ZIPs

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

  • La Union CDP, NM

    Typical home
    $237,815
    Gross yield
  • Sunland Park, NM

    Typical home
    $249,242
    Gross yield
  • Vado CDP, NM

    Typical home
    $257,088
    Gross yield
  • Rincon CDP, NM

    Typical home
    $261,018
    Gross yield
  • Mesquite CDP, NM

    Typical home
    $208,104
    Gross yield
  • Las Cruces, NM

    Typical home
    $206,755
    Gross yield
    5.3%

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