What is the Best Neighborhoods USA ranking for Las Esperanzas?
Las Esperanzas is ranked No published Las Cruces rank is currently available; #222 of 222 eligible neighborhoods in NM; and #14,782 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Las Esperanzas
Las Cruces, NM | Dona Ana County
Scored premium profile
Best Neighborhoods USA Index
17.6
Stability and Strength
20.9
Value Opportunity
22.2
Momentum
5.9
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Las Cruces, NM |
| County | Dona Ana County |
| National rank | #14,782 of 14,967 |
| State rank | #222 of 222 |
| City rank | Not available |
| County rank | Not available |
| National percentile | 1.2 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $165,844 |
| Year-over-year home value change | -10.1% |
| Month-over-month home value change | -0.33% |
| Home value to income ratio | 6.99 |
| Median household income | $23,732 |
| Bachelor's degree or higher | 25.3% |
| Civilian unemployment rate | 8.8% |
| Homeownership rate | 41.4% |
| Housing vacancy rate | 16.2% |
| Rent burden 30% or higher | 53.1% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Las Esperanzas
Is Las Esperanzas one of the best neighborhoods in Las Cruces?
Las Esperanzas has a Best Neighborhoods USA Index of 17.6 and a city ranking of No published Las Cruces rank is currently available.
How much are homes worth in Las Esperanzas?
The current Zillow Home Value Index for Las Esperanzas is approximately $165,844.
Are home values rising or falling in Las Esperanzas?
Zillow neighborhood values changed -10.1% year over year and -0.33% month over month.
What is the Neighborhood Momentum Score for Las Esperanzas?
Las Esperanzas has a Neighborhood Momentum Score of 5.9. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Las Esperanzas?
The NDS-derived neighborhood median household income is approximately $23,732.
How affordable is Las Esperanzas relative to household income?
The current Zillow home-value-to-household-income ratio is 6.99. Price-to-income affordability is a major Value Opportunity input.
Is Las Esperanzas primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 41.4%.
What is the unemployment rate in Las Esperanzas?
The NDS-derived civilian unemployment rate is approximately 8.8%.
How educated are residents of Las Esperanzas?
Approximately 25.3% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Las Esperanzas face high rent burden?
Approximately 53.1% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Las Esperanzas?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications38
Estimated originations17
Home-purchase applications19
Origination rate44.2%
Home-purchase share49.7%
Average application loan$132,067
Total application loan amount$4,953,507
National application rank#8,387 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -2.2% YoY; originations 19.4% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.