Housing market/New Mexico/ZIP 88012
ZIP 88012 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 88012 · NM — sent to you.
ZIP 88012 · NM
ACS rent vs 2BR SAFMR
ZIP 88012 — 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 88012
- 1-unit detached8,29765.5%
- 1-unit attached5244.1%
- 2–4 units2492.0%
- 5–49 units2562.0%
- 50+ units480.4%
- Mobile3,30226.0%
2–4 unit share 2.0% · 5–49 unit share 2.0% · combined 2–49 4.0%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,210 (all bedrooms, occupied rentals).
- Median contract rent $1,058.
- Renters paying ≥30% of income 38.7%; ≥50% 23.1%.
- FY2027 2BR SAFMR $1,440 (1.190× ACS median gross rent).
Population
32,888 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +13.2%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 1 projects, 72 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 88012 23.9% of occupied households are renters; vacancy is 8.2%; ACS median gross rent is $1,210; population increased +13.2% between the 2018 and 2023 ACS vintages; the housing stock includes 249 units in 2–4-unit structures and 256 units in 5–49-unit structures; 1 LIHTC projects totaling 72 units; FY2027 2BR SAFMR is $1,440 versus ACS median gross rent of $1,210. 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 88012 is a Census / HUD profile for Las Cruces, NM. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 88012 — 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 88012?
ZIP 88012 (Las Cruces, NM MSA) has 32,888 residents, 11,660 households, a renter share of 23.9%, median household income of $66,988, and ACS 2023 median gross rent of $1,210. Vacancy is 8.2%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 88012?
ACS counts 93 units in 2-unit buildings, 156 in 3–4 unit buildings, 154 in 5–9, 77 in 10–19, and 25 in 20–49. Combined 2–49 unit stock is 505 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 88012?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,440. See the full schedule and 90–110% payment-standard band on the ZIP 88012 — Las Cruces, NM HUD Section 8 Payment Standards / SAFMR.
Does this New Mexico ZIP profile include Georgia listings?
No. ZIP 88012 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.