
Las Esperanzas, NM Housing Market
$160,629
10.3% 1-yrThe average Las Esperanzas, NM home value is $160,629, down 10.3% over the past year. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Las Esperanzas Key Takeaways
Typical Home Values: $160,629
1-Year Value Change: -10.3%
(Data through August 31, 2026)
Las Esperanzas Housing Market Overview
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Nearby Neighborhoods
- NameMedian ZHVI
- Alameda Depot$237,482
- Armijo Lateral$197,173
- Constance M. Palmer$217,813
- High Range$332,369
- Tierra Verde$423,523
- Northeast Foothills$289,394
- Alameda Southridge Village$395,597
- Sonoma Ranch South$388,266
- Tortugas--
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
Las Esperanzas Homes for Sale
View Las Esperanzas listingsLas Esperanzas Rental Market Trends
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are the most expensive neighborhoods in Las Cruces, NM?
The neighborhoods with the highest median home values in Las Cruces, NM include: Coronado Ridge ($782,523), Picacho Hills ($467,055), Tierra Verde ($423,523), The Pueblos at Alameda Ranch ($419,694), Alameda Southridge Village ($395,597).
What are the most affordable neighborhoods in Las Cruces, NM?
The neighborhoods with the lowest median home values in Las Cruces, NM include: Las Esperanzas ($160,629), Armijo Lateral ($197,173), Constance M. Palmer ($217,813), Alameda Depot ($237,482), Northeast Foothills ($289,394).
Which Las Cruces, NM neighborhoods have the fastest growing home values?
Neighborhoods with the highest year-over-year value growth in Las Cruces, NM include: Sonoma Ranch South (0.4%).


