Metro area index
Home appreciation in the Albuquerque, NM metro area
FHFA HPI® data shows the Albuquerque, NM metro area's all-transactions index changed +2.2% over the year to Q2 2026, versus +2.1% for New Mexico and +3.0% for the U.S. That ranks 275th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +2.2%
- 5-year change
- +44.6%
- Since Q1 1995
- +213%
- Metro rank (1 year)
- 275th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Albuquerque, NM vs New Mexico and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Albuquerque, NM: 312.5
- New Mexico: 318.0
- United States: 391.6
Appreciation by time window
| Window | Metro | NM | U.S. | Gap vs NM | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +2.2% | +2.1% | +3.0% | +0.1 pts | −0.8 pts |
| 3 years | +12.6% | +13.5% | +12.9% | −0.9 pts | −0.3 pts |
| 5 years | +44.6% | +42.6% | +41.3% | +2.0 pts | +3.4 pts |
| 10 years | +93.5% | +87.6% | +93.3% | +5.8 pts | +0.1 pts |
| Since Q1 1995 | +213% | +218% | +292% | −5.4 pts | −79.0 pts |
3-digit ZIP regions in the Albuquerque, NM area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 871 · Albuquerque, NM area | NM | +1.8% | +44.2% | +211% | 100% |
| 870 · Los Lunas, NM area | NM | +3.0% | +46.5% | +215% | 78% |
Boom, bust, and recovery in Albuquerque, NM area
Albuquerque, NM area's index peaked in Q1 2008, fell 17.4% to its low in Q2 2012, and regained its peak in Q2 2019, about 11.2 years after the top. Today it sits +72.1% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q1 2008 | Q2 2012 | -17.4% | Q2 2019 (11.2 yrs) | +72.1% |
| NM | Q1 2008 | Q2 2012 | -15.7% | Q2 2019 (11.2 yrs) | +69.4% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Albuquerque, NM area's index has changed +41.2% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | NM after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -1.6% | -1.7% | -0.8% |
| 3 years | +9.8% | +2.5% | +3.4% | +2.8% |
| 5 years | +24.0% | +16.6% | +15.0% | +13.9% |
| 10 years | +39.1% | +39.1% | +34.9% | +39.0% |
| Since Q1 1995 | +121% | +41.2% | +43.6% | +76.8% |
If you bought in the Albuquerque, NM area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +205% | $915,705 |
| Q2 2000 | +186% | $858,363 |
| Q2 2005 | +117% | $650,427 |
| Q2 2010 | +94.2% | $582,607 |
| Q2 2015 | +98.7% | $596,242 |
| Q2 2020 | +63.6% | $490,705 |
| Q2 2021 | +44.6% | $433,949 |
| Q2 2023 | +12.6% | $337,663 |
| Q2 2025 | +2.2% | $306,532 |
Frequently asked questions
- How much have home prices risen in the Albuquerque, NM area?
- FHFA HPI® data for the Albuquerque, NM metro area shows changes of +2.2% over one year, +44.6% over five years, and +93.5% over ten years to Q2 2026, and +213% since Q1 1995.
- Is the Albuquerque, NM area beating the national average?
- Over the past year the metro's index moved −0.8 pts versus the U.S.; over five years the gap is +3.4 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.