Las Cruces, NM home prices
Typical home $285,348 · -0.6% in a year · income needed $78,800
The Las Cruces, NM metro area ranks 352 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -0.6% in a year and +26.8% over five years. With 20% down at 7.11%, the typical home costs about $1,838 a month including 0.67% property tax (Dona Ana County rate).
Mortgage on the typical Las Cruces home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $57,070 | $228,279 | $1,536 | $0 | $302 | $1,838 | $78,800 |
| 10% down | $28,535 | $256,813 | $1,728 | $107 | $302 | $2,137 | $91,600 |
| 5% down | $14,267 | $271,081 | $1,824 | $113 | $302 | $2,239 | $95,900 |
| 3.5% down (FHA) | $9,987 | $280,180 | $1,885 | $126 | $302 | $2,313 | $99,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.67% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Las Cruces area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Dona Ana County, NM | $285,351 | -0.6% | 0.67% |
What can you afford in New Mexico on your salary? · New Mexico home prices · Salaries in New Mexico
Frequently asked questions
How much is a house in Las Cruces?
The typical home in the Las Cruces, NM metro area is worth $285,348 (Zillow, September 2026).
What salary do you need to buy a house in Las Cruces?
About $78,800 a year for the typical home with 20% down at 7.11%.