HousingHandbookReference data

U.S. ZIP Code · NM88044

Doña Ana County · Las Cruces, NM

Typical home value

$300,157[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-1.2%
5-year / yr
+3.7%
10-year / yr
+4.6%

Relative price

vs U.S.
+5.7%
vs metro
+15.9%
vs state
+7.4%
ZIP 88044 location in NM
Location of ZIP 88044 in NM

Price history

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

The typical home in 88044 is worth $300,157 — 15.9% above the Las Cruces, NM median. Over the past year, values have fallen 1.2%. 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
$1,727[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
2,618[3]
Median household income
$64,910[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
1
Elementary
0
Middle
0
High
0
  • LA MESA ON TRACK PREK CENTER

    Prekindergarten · Grades PK · GADSDEN

    92 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$1,518
Loan principal$240,126
Down payment$60,031
Total interest paid$306,267

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$1,913
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
0th percentile[1]
Rental yield
[2]
Property tax
21st percentile[3]

Frequently asked

How much is a home worth in ZIP code 88044?
The typical home in 88044 is worth $300,157, based on the Zillow Home Value Index.
Are home values rising in 88044?
Home values in 88044 are down 1.2% over the past year, and up 3.7% a year over five years.
What is the property tax rate in 88044?
The effective property tax rate in 88044 is 0.6% — roughly $1,727 a year on a typical home.
Who lives in 88044?
ZIP code 88044 has a population of 2,618 and a median household income of $64,910.

#Comparable ZIPs

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

  • Las Cruces, NM

    Typical home
    $294,868
    Gross yield
    6.9%
  • Santa Teresa CDP, NM

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

    Typical home
    $283,424
    Gross yield
  • Las Cruces, NM

    Typical home
    $276,227
    Gross yield
    5.1%
  • Las Cruces, NM

    Typical home
    $326,758
    Gross yield
  • Rincon CDP, NM

    Typical home
    $261,018
    Gross yield

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