Metropolitan Statistical Area (MSA):

Las Cruces, NM

Las Cruces, NM is a Metropolitan Statistical Area (MSA) comprising counties including .

The Las Cruces Housing Market: Real Estate Trends to Watch

There is no doubt that the Las Cruces housing market has been on the rebound in recent years. The area's population has been growing steadily, and job growth has been strong. This has led to increased demand for housing, which has helped to drive up prices.

The median home price in Las Cruces was $169,000 in 2017, up from $159,000 the year before. This is a significant increase, and it is likely that prices will continue to rise in the coming years. The tight housing market has also led to increased rental rates, with the average rent for a two-bedroom apartment now topping $1,000 per month.

There are several factors driving these trends. First, as mentioned above, population growth and job growth have led to increased demand for housing. Second, interest rates remain at historically low levels, making it easier for people to afford a home. Finally, there is a limited supply of homes available for sale in Las Cruces relative to other markets in the region (such as Albuquerque or El Paso), which has helped to drive up prices.

These trends are likely to continue in the near future, so now is a good time to buy a home in Las Cruces if you are able. Prices are expected to continue to rise as demand remains strong and supply remains tight.

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