88005 — Las Cruces, NM Home Values
Typical home value $278,433 as of June 2026 · 8th of 18 in Las Cruces, NM
Blue: typical home value (Zillow ZHVI) in ZIP code 88005, June 2021 to June 2026. This page shows observed data only; no forecast.
How 88005 compares in the Las Cruces, NM area
ZIP code 88005 (Las Cruces, NM) has a typical home value of $278,433 as of June 2026, ranking 8th of 18 ZIP codes tracked in the Las Cruces, NM area, more expensive than about 61% of ZIP codes in the metro. Prices here have moved +0.1% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +35.5%, from $205,506 in June 2021 to $278,433 in June 2026. Against observed rent, the typical home here sells for 20.8× the annual rent ($1,118/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 88005 has a population of 27,017, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 62.5% Hispanic or Latino, 31.4% White, 3.1% two or more races, 2.2% Black or African American, 0.4% American Indian or Alaska Native, 0.3% Asian, and 0.1% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| SOUTHERN NM CORRECTIONS | 1983 JOE R SILVA BLVD, LAS CRUCES, NM | 2.8 mi |
| AZTEC YOUTH ACADEMY | 10015 ROBERT LARNSON, LAS CRUCES, NM | 4.1 mi |
| FAIRACRES ELEMENTARY | 4501 WEST PICACHO AVE, LAS CRUCES, NM | 10.1 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 88005?
$278,433 as of June 2026, the latest month Zillow has published observed data for.
Is 88005 an expensive ZIP code in the Las Cruces, NM area?
88005 ranks 8th of 18 ZIP codes in the Las Cruces, NM area by typical home value, more expensive than about 61% of ZIP codes in the metro.
How much have home values in 88005 changed over the past year?
+0.1% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 88005?
The typical home price is 20.8× the observed annual rent in this ZIP code ($1,118/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 88005?
27,017, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 88005?
SOUTHERN NM CORRECTIONS (2.8 mi), AZTEC YOUTH ACADEMY (4.1 mi), FAIRACRES ELEMENTARY (10.1 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 88005?
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.