Rent to own Homes in Las Cruces, NM
The imposing Organ Mountains and the winding Rio Grande border Las Cruces, New Mexico, the commercial and geographical center of the Mesilla Valley. The city is known for its farming area occupying the flood plain of the Rio Grande that covers the area from the west side of El Paso, Texas, all the way to Hatch, New Mexico. Las Cruces' location and financial importance are not the only things going for this growing city. It also fuses a unique assortment of culture, attractions, and historical sites. The sun shines almost every day here with only two weeks of clouds and rain, making the climate unbeatable.
Las Cruces, NM is a great place for affordable rent-to-own homes! With a median household income of over $45,140 and a median rent of $805, the Las Cruces, NM rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Las Cruces, NM. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Las Cruces, NM Property Resources
Rent to own Homes in Cities Near Las Cruces, NM
Neighborhoods in Las Cruces, NM
Villages On Northrise rent to own homes Hacienda Acres rent to own homes Country Club Estates rent to own homes The Pueblos At Alameda Ranch rent to own homes Homestead Acres rent to own homes Constancia M. Palmer rent to own homes Amador Proximo rent to own homes Downtown Las Cruces rent to own homes Historic Downtown Las Cruces rent to own homes Mesquite Historic District rent to own homesMedian Home Price in Las Cruces, NM
Median Rent in Las Cruces, NM
Average Cost of Living in Las Cruces
The cost of living in Las Cruces is below the national average on groceries, healthcare, housing, and transportation. Las Cruces has one of the fastest-growing economies in the US which means there are plenty of opportunities and diversity in jobs. Las Cruces also has plenty of sun, open space, outdoor activities and has one of the best water qualities in the US.
Average Home Prices in Las Cruces
The median house cost in Las Cruces, NM is $254,225, which is below the national average of $295,300. On average, a home for sale typically stays on the market for about 67 days. Home sales have gone up, but the housing costs have gone down 64% compared to last year.
Las Cruces Statistics
If you're interested in Las Cruces rent-to-own homes, don't forget to consider important factors in addition to monthly living costs, such as average commute, taxes, crime rates, etc. The following are some common Las Cruces statistics compared to the U.S. national average.
| Las Cruces Averages | National Averages | |
|---|---|---|
| One-Way Commute | 18.1 minutes | 27.1 minutes |
| Violent Crime | 5.0 | 22.7 |
| Property Crime | 36.79 | 35.4 |
| Unemployment Rate | 8% | 4.7% |
| Income Tax Rate | 10.8% | 4.6% |
| Air Quality | AQI 46 | AQI 40 |
| Water Quality | Exemplary | Safe |
| Median Household Income | $43,022 | $79,900 |
| Median Property Taxes | $100 | $2,471 |
| Utilities | $123.76 | $171.67 |
| Monthly Rent | $825.00 | $1,098 |
| Median Home Cost | $254,225 | $295,300 |
| Median Home Age | 31 years | 37 years |
Housing Statistics
There are 78,904 housing units in the Las Cruces real estate market. Owners occupy 59,556. Rental units, including apartments and homes account for 19,348 homes. Rent to own housing options are available on 26 single-family homes.
Nightlife
Thanks to a failed urban renewal project during the 1960s, Las Cruces has no central business district. A new development plan addresses this issue. Without a central district, La Cruces nightlife spreads out throughout the city. It consists of bars and restaurants. Graham Central Station is a nightclub on S Main Street, one of a chain scattered about six states in the Southwest. There are four different venues inside, and guests rotate through them while only paying a single admission fee. Happy hour happens every weekday from 2-8 P.M. at the popular bar Hurricane Alley located on Missouri Avenue, which tells you this is a party place. This is the unofficial club for students attending New Mexico State University. With live acts, great DJs, drink specials, and exciting guests, there is always some excitement at Hurricane Alley. Inside, there are two bars and three VIP couch areas. Dublin Street Bar is the place to go to get some great pub food. Celebrate big games and themed party nights at Dublin's. Those wanting a more extensive choice of nightlife venues can also drive over to nearby El Paso.
Tourist Attractions
The most visited area in Southern New Mexico is Mesilla ("little tableland"), which has been influential on every aspect of life in the Mesilla Valley. It is rich in history and was part of the Gadsden Purchase. Mesilla was also a way station for the Butterfield Stage Coach Trail and home of the trial of Billy the Kid. A few of the attractions that tell these stories and more include a Historic Walking Tour of Mesilla, the Gadsden Museum, and the Basilica of San Albino. Mesilla also has great dining and shopping and is home to many festivals.
Neighborhoods in Las Cruces
Las Cruces is a city with a lot to offer. Here are some of the most popular neighborhoods:
Las Cruces, NM Frequently Asked Questions
With a lower-than-average cost of living, a booming economy, and a low violent crime rate, Las Cruces seems like an ideal place for both families and professionals.
The FBI named Las Cruces the 19th safest city in New Mexico in a 2019 report. Violent crimes are well below the national average, and property crime is about even with the national average. Many long-time residents of Las Cruces consider it to be safe.
Yes. TopRetirements.com has named Las Cruces, NM in the top 15 out of 100 most popular cities for retirement. With low healthcare costs and a generally lower cost for a higher standard of living than the national average, Las Cruces is an excellent place to retire.