Las Cruces, NM
House prices for this metro area, real and nominal, since FHFA's series begins.
FHFA all-transactions · 1984 Q3 to 2026 Q2 · real terms in 2024 dollars · built 2026-10-31
All metro areas · this area is las cruces on the rankings
The index
Real and nominal, first quarter of the series = 100; the shaded band is 2007 to 2012.
How this is measured
Real terms deflate each quarter by that year's US CPI, stated in 2024 dollars; the CPI runs to 2024, so later quarters sit at 2024 prices until the next print. All-transactions includes refinance appraisals as well as sales; FHFA publishes purchase-only for the 100 largest metro areas only, and this is not one of them.
One year
One year real −0.4%
nominal -0.4%
Five years
Five years real +22.5%
nominal +41.8%
Ten years
Ten years real +37.8%
nominal +80.0%
Twenty-five years
Twenty-five years real +40.6%
nominal +149.2%
Since 2000
Since 2000 real +42.8%
nominal +160.2%
2007 to 2012
crash, real −26.0%
2007Q4 to 2012Q3
Year by year
Fourth quarter of each year, nominal and real, newest first.
| Quarter | Nominal | Real (2024 $) | Real, year on year |
|---|---|---|---|
| 2026 Q2 | 294.8 | 294.8 | real year on year +1.6% |
| 2025 Q4 | 290.1 | 290.1 | real year on year +0.7% |
| 2024 Q4 | 288.2 | 288.2 | real year on year +0.9% |
| 2023 Q4 | 277.4 | 285.6 | real year on year +0.6% |
| 2022 Q4 | 264.9 | 284.0 | real year on year +6.5% |
| 2021 Q4 | 230.3 | 266.6 | real year on year +13.7% |
| 2020 Q4 | 193.5 | 234.5 | real year on year +6.2% |
| 2019 Q4 | 180.0 | 220.9 | real year on year +1.6% |
| 2018 Q4 | 174.1 | 217.5 | real year on year +0.4% |
| 2017 Q4 | 169.4 | 216.8 | real year on year +2.0% |
| 2016 Q4 | 162.6 | 212.5 | real year on year +1.4% |
| 2015 Q4 | 158.4 | 209.6 | real year on year +1.7% |
| 2014 Q4 | 155.5 | 206.0 | real year on year −2.5% |
| 2013 Q4 | 156.9 | 211.2 | real year on year −4.1% |
| 2012 Q4 | 161.3 | 220.3 | real year on year −4.2% |
| 2011 Q4 | 165.0 | 230.1 | real year on year −8.1% |
| 2010 Q4 | 174.0 | 250.3 | real year on year −4.6% |
| 2009 Q4 | 179.5 | 262.5 | real year on year −3.6% |
| 2008 Q4 | 186.9 | 272.3 | real year on year −7.1% |
| 2007 Q4 | 193.8 | 293.3 | real year on year +0.7% |
| 2006 Q4 | 187.1 | 291.2 | real year on year +6.0% |
| 2005 Q4 | 171.0 | 274.6 | real year on year +11.0% |
| 2004 Q4 | 148.9 | 247.3 | real year on year +6.8% |
| 2003 Q4 | 135.8 | 231.5 | real year on year +4.4% |
| 2002 Q4 | 127.1 | 221.7 | real year on year +4.3% |
| 2001 Q4 | 120.0 | 212.6 | real year on year +1.0% |
| 2000 Q4 | 115.6 | 210.6 | real year on year −2.3% |
| 1999 Q4 | 114.5 | 215.6 | real year on year −1.9% |
| 1998 Q4 | 114.2 | 219.7 | real year on year +0.4% |
| 1997 Q4 | 111.9 | 218.7 | real year on year +1.2% |
| 1996 Q4 | 108.1 | 216.2 | real year on year −2.1% |
| 1995 Q4 | 107.3 | 220.9 | real year on year +1.6% |
| 1994 Q4 | 102.8 | 217.6 | real year on year +3.3% |
| 1993 Q4 | 97.0 | 210.6 | real year on year +1.4% |
| 1992 Q4 | 92.9 | 207.7 | real year on year −0.8% |
| 1991 Q4 | 90.9 | 209.4 | real year on year −1.3% |
| 1990 Q4 | 88.4 | 212.3 | real year on year −5.5% |
| 1989 Q4 | 88.8 | 224.7 | real year on year −0.2% |
| 1988 Q4 | 84.9 | 225.2 | real year on year −1.3% |
| 1987 Q4 | 82.6 | 228.2 | real year on year −5.1% |
| 1986 Q4 | 84.0 | 240.5 | real year on year −0.9% |
| 1985 Q4 | 83.2 | 242.7 | real year on year +2.4% |
| 1984 Q4 | 78.5 | 237.0 | — |
2026 Q2295 · real 295real year on year +1.6%
2025 Q4290 · real 290real year on year +0.7%
2024 Q4288 · real 288real year on year +0.9%
2023 Q4277 · real 286real year on year +0.6%
2022 Q4265 · real 284real year on year +6.5%
2021 Q4230 · real 267real year on year +13.7%
2020 Q4194 · real 235real year on year +6.2%
2019 Q4180 · real 221real year on year +1.6%
2018 Q4174 · real 218real year on year +0.4%
2017 Q4169 · real 217real year on year +2.0%
2016 Q4163 · real 212real year on year +1.4%
2015 Q4158 · real 210real year on year +1.7%
Source
FHFA House Price Index, all-transactions, quarterly, not seasonally adjusted, CBSA 29740. Real terms by the World Bank's US consumer price index, annual.