Home values, rents and more in ZIP code 88008 (Santa Teresa, NM)
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open 88008 in ProMap- Under $190k
- $190k–$220k
- $220k–$240k
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- $300k+
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How 88008 compares
The typical home in ZIP code 88008 (Santa Teresa, NM) is worth about $313,000, according to the Zillow Home Value Index for September 2026. Home values in 88008 are 10% above the typical value in the Las Cruces metro area ($285,000) and 14% below the U.S. typical value ($366,000).
Over the past year, home values in 88008 fell 0.5%, compared with −0.6% in the Las Cruces metro area and +1.2% nationally.
Typical rent is $1,684 a month (Zillow Observed Rent Index), 14% above the Las Cruces metro area ($1,472) and 13% below the U.S. ($1,932). Rents rose 17.9% over the past year.
The median household income is $73,848, against $56,848 in the Las Cruces metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 12,623 people live in 88008 (American Community Survey 2020–24).
88008 has the 4th-highest typical home value of the 18 ZIP codes in the Las Cruces metro area and the 63rd-highest of 152 in New Mexico with Zillow figures.
Part of: Santa Teresa, NM · Doña Ana County, NM · Las Cruces metro area · New Mexico
More for 88008 in ProMap Plus
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- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Zillow 12-month price forecast
- Crime rates
- School test scores
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby ZIP codes
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.