Zip lookup · NM

88032
Las Cruces, New Mexico.

Las Cruces, Dona Ana County, NM · Las Cruces, NM metro

What it costs per month · 88032 $1,016/mo

to buy the typical home at today's mortgage rate — +$593 (+140%) since Jan 2020.

What the home itself did
1 year
Up $1,605 +1%
$191,913$193,518 since Sep 2025
5 years
Up $52,532 +37%
$140,986$193,518 since Sep 2021

Monthly payment to buy the typical home

Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.

$500 $1,000 $1,500 $2,000 2002 2006 2010 2014 2018 2022 2026 88032 $1,016 United States $1,922
$500 $1,000 $1,500 $2,000 2002 2010 2018 2026
  • 88032$1,016
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 11 years.

Typical home values in zip 88032 rose 0.8% over the past year — slower than the nation's +1.2%.

Zillow also publishes an index for the city itself: Las Cruces, NM — measured over the city limits, which is a different area from this zip.

Typical home value $193,518 as of Sep 2026
+0.8%year on year

Typical home value — 88032

Mid-tier homes, smoothed and seasonally adjusted.

$100,000 $200,000 $300,000 2018 2020 2022 2024 2026 88032 $193,518 Las Cruces $285,348 United States $366,157
$100,000 $200,000 $300,000 2018 2022 2026
  • 88032$193,518
  • Las Cruces$285,348
  • United States$366,157

Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.