NAICS 53

Real Estate and Rental and Leasing in Las Cruces, NM

Metro Market Score 32.4 (Favorable), ranked #81 of 330 metros. 236 establishments, 804 jobs.

Metro Market Score 32.4

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Favorable

ⓘ Lower is better. Relative to national real estate and rental and leasing average.

Labor costs are a clear advantage in Las Cruces's real estate and rental and leasing sector. The wage competitiveness index of 5.2 puts it among the lowest-cost metros, and wage pressure at 15.9 suggests that gap is holding steady.

Industry Concentration

31.8

LQ: 0.65

Rank #105 of 330 metros

Wage Competitiveness

5.2

$43,794 avg wage

Growth Trend

↓ 33.3

Employment growth index

Rank #221 of 330 metros

Wage Pressure

15.9

YoY wage change index

236 Real Estate and Rental and Leasing Firms in Las Cruces

236

Establishments

+0.0% YoY

804

Total Employment

-1.0% YoY

$43,794

Average Annual Wage

+2.7% YoY

0.65

Location Quotient

Below national avg

Within New Mexico

#2 of 3

real estate and rental and leasing metros in state

New Mexico state rank

#45 of 51

for real estate and rental and leasing entry risk

vs State Median

0.0

matches median (32.4)

Las Cruces vs New Mexico Statewide

How this metro's real estate and rental and leasing market compares to New Mexico overall. The state ranks #45/51 for entry risk.

Measure	Las Cruces	NM Statewide
Overall Score	32.4 Favorable	52.3 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#81 of 330 metros	#45 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Las Cruces

Retail Trade 26.0 Construction 28.3 Other Services 33.5 Finance and Insurance 34.7 Information 40.7 Healthcare and Social Assistance 41.0 Administrative and Support Services 44.7 Professional, Scientific, and Technical Services 55.8 Accommodation and Food Services 60.8

Real Estate and Rental and Leasing in Other New Mexico Metros

Farmington 18.6 #21/330 Santa Fe 54.3 #248/330

Real Estate and Rental and Leasing Metros With Similar Conditions

Metros within 5 points of Las Cruces's 32.4 score. Useful when comparing markets with comparable entry profiles.

Joplin, MO 32.4 #82/330 Tyler, TX 32.8 #83/330 Flagstaff, AZ 32.0 #80/330 Wausau, WI 32.9 #84/330 Davenport-Moline-Rock Island, IA 33.0 #85/330 Muskegon-Norton Shores, MI 31.8 #79/330 Laredo, TX 31.8 #78/330 Rocky Mount, NC 33.1 #86/330 Logan, UT 31.6 #77/330 Burlington, NC 31.2 #76/330

Real Estate and Rental and Leasing in States Bordering New Mexico

State-level entry risk for real estate and rental and leasing in adjacent states. Use this to weigh cross-border options.

Texas 41.4 #28/51 Oklahoma 42.0 #30/51 Utah 46.6 #38/51 Colorado 52.1 #44/51 Arizona 52.4 #46/51

Browse Real Estate and Rental and Leasing in Other States

State-level entry risk reports for real estate and rental and leasing across all 51 markets, sorted by rank.

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Las Cruces's real estate and rental and leasing sector, the employment growth component (66.7) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Las Cruces, NM MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment