Housing market/New Mexico/ZIP 88011
ZIP 88011 Las Cruces, New Mexico
Las Cruces, NM MSA · New Mexico. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 88011 · NM — sent to you.
ZIP 88011 · NM
ACS rent vs 2BR SAFMR
ZIP 88011 — Las Cruces, NM HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 88011
- 1-unit detached9,25561.0%
- 1-unit attached8895.9%
- 2–4 units7605.0%
- 5–49 units2,39815.8%
- 50+ units1,1777.8%
- Mobile6814.5%
2–4 unit share 5.0% · 5–49 unit share 15.8% · combined 2–49 20.8%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,053 (all bedrooms, occupied rentals).
- Median contract rent $942.
- Renters paying ≥30% of income 44.6%; ≥50% 22.3%.
- FY2027 2BR SAFMR $1,210 (1.149× ACS median gross rent).
Population
31,143 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -0.2%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 1 projects, 15 units.
- HUD project-based assisted MF: not published for this ZIP.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 0 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 88011 39.2% of occupied households are renters; vacancy is 8.0%; ACS median gross rent is $1,053; population changed -0.2% between the 2018 and 2023 ACS vintages; the housing stock includes 760 units in 2–4-unit structures and 2,398 units in 5–49-unit structures; 1 LIHTC projects totaling 15 units; FY2027 2BR SAFMR is $1,210 versus ACS median gross rent of $1,053. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
New Mexico research
ZIP 88011 is a Census / HUD profile for Las Cruces, NM. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 88011 — Las Cruces, NM HUD Section 8 Payment Standards / SAFMR·New Mexico ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is New Mexico research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 88011?
ZIP 88011 (Las Cruces, NM MSA) has 31,143 residents, 13,949 households, a renter share of 39.2%, median household income of $75,139, and ACS 2023 median gross rent of $1,053. Vacancy is 8.0%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 88011?
ACS counts 73 units in 2-unit buildings, 687 in 3–4 unit buildings, 1,432 in 5–9, 645 in 10–19, and 321 in 20–49. Combined 2–49 unit stock is 3,158 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 88011?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,210. See the full schedule and 90–110% payment-standard band on the ZIP 88011 — Las Cruces, NM HUD Section 8 Payment Standards / SAFMR.
Does this New Mexico ZIP profile include Georgia listings?
No. ZIP 88011 is Census / HUD research for Las Cruces, NM MSA. Jeff Crowe CRE does not list New Mexico property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.