88003, Las Cruces, NM

The Las Cruces, NM 88003 zip code has a median home value of $129,900 and a median home equity value of $101,700. This indicates that the majority of homes in this zip code are valued at around 70% or more of their original purchase price. Additionally, the average home price growth in this zip code over the past five years has been 6%. This indicates that there is strong demand for homes in this area and that prices are likely to continue to rise.

One reason why home prices in the Las Cruces, NM 88003 zip code are likely to continue to rise is because there is a low supply of homes available for sale. In addition, many people who live in this area are likely to be eligible for mortgages with low interest rates due to the high level of home equity in these homes. As long as there is strong demand for homes and low interest rates available, prices are likely to continue to increase in this area.