88001 — Las Cruces, NM Home Values
Typical home value $209,165 as of June 2026 · 15th of 18 in Las Cruces, NM
Blue: typical home value (Zillow ZHVI) in ZIP code 88001, June 2021 to June 2026. This page shows observed data only; no forecast.
How 88001 compares in the Las Cruces, NM area
ZIP code 88001 (Las Cruces, NM) has a typical home value of $209,165 as of June 2026, ranking 15th of 18 ZIP codes tracked in the Las Cruces, NM area, more expensive than about 22% of ZIP codes in the metro. Prices here have moved -1.8% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +41.5%, from $147,854 in June 2021 to $209,165 in June 2026. Against observed rent, the typical home here sells for 17.9× the annual rent ($971/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Las Cruces, NM forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Las Cruces.
Population and demographics
ZIP code 88001 has a population of 38,972, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 73.3% Hispanic or Latino, 19.4% White, 2.7% Black or African American, 2.2% Asian, 1.3% American Indian or Alaska Native, 0.9% two or more races, 0.2% Native Hawaiian or Pacific Islander, and 0.1% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| UNIVERSITY HILLS ELEMENTARY | 2005 SOUTH LOCUST ST, LAS CRUCES, NM | 0.2 mi |
| CONLEE ELEMENTARY | 1701 BOSTON DR, LAS CRUCES, NM | 0.6 mi |
| LAS MONTANAS CHARTER | 1405 S. SOLANO AVE, LAS CRUCES, NM | 0.7 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 88001?
$209,165 as of June 2026, the latest month Zillow has published observed data for.
Is 88001 an expensive ZIP code in the Las Cruces, NM area?
88001 ranks 15th of 18 ZIP codes in the Las Cruces, NM area by typical home value, more expensive than about 22% of ZIP codes in the metro.
How much have home values in 88001 changed over the past year?
-1.8% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 88001?
The typical home price is 17.9× the observed annual rent in this ZIP code ($971/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 88001?
38,972, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 88001?
UNIVERSITY HILLS ELEMENTARY (0.2 mi), CONLEE ELEMENTARY (0.6 mi), LAS MONTANAS CHARTER (0.7 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 88001?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Las Cruces, NM forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.