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Cities with the most expensive homes in the Las Cruces metro area

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FOTOGRIN // Shutterstock
FOTOGRIN // Shutterstock

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, plays a huge role for buyers.

The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of September 17, the sits at 6.95%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

compiled a list of cities with the most expensive homes in the Las Cruces metro area using data from . Charts show the monthly typical home value since January 2018. All 10 cities and towns with data available were included in the list.

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#10. Garfield, NM

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1 / 10

#10. Garfield, NM

- Typical home value: $186,910
- 1-year price change: +4.0%
- 5-year price change: +22.3%

#9. Mesquite, NM

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2 / 10

#9. Mesquite, NM

- Typical home value: $222,083
- 1-year price change: +1.5%
- 5-year price change: +43.3%

#8. Sunland Park, NM

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3 / 10

#8. Sunland Park, NM

- Typical home value: $226,688
- 1-year price change: +1.1%
- 5-year price change: +39.8%

#7. Chaparral, NM

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4 / 10

#7. Chaparral, NM

- Typical home value: $228,579
- 1-year price change: -2.1%
- 5-year price change: +23.0%

#5. Vado, NM

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6 / 10

#5. Vado, NM

- Typical home value: $272,954
- 1-year price change: +1.3%
- 5-year price change: +26.8%

#4. La Mesa, NM

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7 / 10

#4. La Mesa, NM

- Typical home value: $283,222
- 1-year price change: +1.7%
- 5-year price change: +16.8%

#3. Las Cruces, NM

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8 / 10

#3. Las Cruces, NM

- Typical home value: $290,170
- 1-year price change: -0.7%
- 5-year price change: +27.8%

#2. Santa Teresa, NM

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9 / 10

#2. Santa Teresa, NM

- Typical home value: $317,541
- 1-year price change: -0.7%
- 5-year price change: +25.4%