ZIP 88001
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12-month history
Last updated: October 17, 2026
What the numbers show
Rent in ZIP 88001 is at its highest level since Zillow's records here began in October 2021.
Rent in ZIP 88001 changed +2.5% over the year to September 2026. Across the 32 New Mexico ZIP codes Zillow tracks, the typical change was +3.2%.
Rent has risen 2 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($33,087) is $827 a month. That covers HUD's Fair Market Rent for up to a studio ($780); a 1-bedroom is $990.
1st cheapest of 4 ZIP codes in Las Cruces.
From Zillow's monthly rent index (ZORI) for ZIP 88001. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 88001 (Las Cruces, NM) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 28.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 88001 in Las Cruces, NM has changed in 5 years
Across the past five years, the going rent in ZIP 88001 in Las Cruces, NM has shifted from $787 to $984, up 25.0% since 2022. Median household income climbed from $31,332 to $33,087 between 2021 and 2024, a 5.6% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 88001 in Las Cruces, NM losing about 834 residents over the five-year window, down 2.2% on net. The renter share has risen from 56.3% to 58.3%, with owner-occupied housing accounting for the remainder. Taken together, the five-year picture in ZIP 88001 in Las Cruces, NM reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Tips for renters in ZIP 88001
Last updated: October 17, 2026
ZIP code 88001 covers Las Cruces, NM. The median rent here is $984/mo as of October 2026. A 1-bedroom rents for a median of $990/mo. A 2-bedroom rents for a median of $1,090/mo.
At 36% of local median household income ($33,087/yr), ZIP 88001 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.5% over the past year.
Frequently asked questions
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How does ZIP 88001 compare to other ZIPs in New Mexico?
How does ZIP 88001 compare to the rest of Las Cruces?
At $984/mo, rent takes ~36% of ZIP 88001's median household income ($33,087/yr). The standard benchmark is 30%.
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