Home Affordability in 88001
Las Cruces, NM — Dona Ana County
The median home price in ZIP code 88001 (Las Cruces) is $225,000 with a median household income of $38,000. The price-to-income ratio is 5.9x.
Median Home Price
$225,000
Median Income
$38,000
Price-to-Income
5.9x
Est. Affordable Home
$148,000
Property Tax Rate
0.82%
Annual Property Tax
$1,845
Cost of Living
86
Metro Area
Las Cruces MSA
Down Payment Scenarios for ZIP 88001
| Down Payment | Amount | Loan Amount | PMI |
|---|---|---|---|
| 3% | $6,750 | $218,250 | Yes |
| 5% | $11,250 | $213,750 | Yes |
| 10% | $22,500 | $202,500 | Yes |
| 20% | $45,000 | $180,000 | No |
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