Cities with the fastest growing home prices in Las Cruces metro area

Written by:
January 19, 2023
Volodymyr Kyrylyuk // Shutterstock

Cities with the fastest growing home prices in Las Cruces metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Las Cruces, NM metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. All 11 cities and towns with data available were included in the list.

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1 / 11
Stacker

#11. Garfield, NM

- 1-year price change: +$11,043 (+7.2%)
- 5-year price change: +$101,785 (data not available)
- Typical home value: $163,546 (#11 most expensive city in metro)
2 / 11
Stacker

#10. Chaparral, NM

- 1-year price change: +$23,968 (+15.7%)
- 5-year price change: +$67,259 (+61.6%)
- Typical home value: $176,430 (#10 most expensive city in metro)
3 / 11
Stacker

#9. Vado, NM

- 1-year price change: +$24,699 (+12.1%)
- 5-year price change: +$82,832 (+56.9%)
- Typical home value: $228,335 (#6 most expensive city in metro)
4 / 11
Stacker

#8. Anthony, NM

- 1-year price change: +$26,537 (+14.3%)
- 5-year price change: +$81,597 (+62.6%)
- Typical home value: $211,946 (#7 most expensive city in metro)
5 / 11
Stacker

#7. Mesquite, NM

- 1-year price change: +$26,909 (+15.3%)
- 5-year price change: +$75,963 (+59.9%)
- Typical home value: $202,812 (#8 most expensive city in metro)

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6 / 11
Stacker

#6. La Mesa, NM

- 1-year price change: +$27,839 (+12.2%)
- 5-year price change: +$98,444 (+62.7%)
- Typical home value: $255,387 (#4 most expensive city in metro)
7 / 11
Stacker

#5. Sunland Park, NM

- 1-year price change: +$30,411 (+18.7%)
- 5-year price change: +$70,507 (+57.6%)
- Typical home value: $192,863 (#9 most expensive city in metro)
8 / 11
Stacker

#4. Las Cruces, NM

- 1-year price change: +$38,466 (+16.2%)
- 5-year price change: +$100,089 (+57.0%)
- Typical home value: $275,792 (#3 most expensive city in metro)
9 / 11
Stacker

#3. Santa Teresa, NM

- 1-year price change: +$40,347 (+15.7%)
- 5-year price change: +$103,574 (+53.6%)
- Typical home value: $296,956 (#2 most expensive city in metro)
10 / 11
Stacker

#2. Mesilla Park, NM

- 1-year price change: +$40,689 (+13.4%)
- 5-year price change: +$118,533 (+52.6%)
- Typical home value: $343,852 (#1 most expensive city in metro)

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11 / 11
Stacker

#1. Mesilla, NM

- 1-year price change: +$44,861 (+21.4%)
- 5-year price change: +$116,054 (+83.9%)
- Typical home value: $254,339 (#5 most expensive city in metro)

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