3-digit ZIP regional index
Home appreciation in ZIP codes 870xxLos Lunas, NM area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 870 changed +3.0% over the year to Q2 2026, compared with +2.1% for New Mexico and +3.0% for the United States.
The region covers ZIP codes 87001–87083. Most of its 2010 population lived in Valencia County (38%), Sandoval County (21%), Cibola County (12%). Communities in the region include Grants, Corrales, Bernalillo, Belen, Los Chaves. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +3.0%
- 5-year change
- +46.5%
- Since Q1 1995
- +215%
- National rank (1 year)
- 553rd
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 870 vs New Mexico and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 870: 315.1
- New Mexico: 318.0
- Albuquerque, NM metro: 312.5
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 870 | NM | U.S. | Gap vs NM | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.0% | +2.1% | +3.0% | +0.9 pts | −0.0 pts |
| 3 years | +18.6% | +13.5% | +12.9% | +5.1 pts | +5.7 pts |
| 5 years | +46.5% | +42.6% | +41.3% | +3.8 pts | +5.2 pts |
| 10 years | +94.8% | +87.6% | +93.3% | +7.2 pts | +1.5 pts |
| Since Q1 1995 | +215% | +218% | +292% | −2.9 pts | −76.5 pts |
If you bought in ZIP3 870 in…
Applying the regional index change from the same quarter of each year to Q2 2026 to an example $300,000 purchase price. Individual homes can differ widely from the regional average.
| Bought in | Index change | $300,000 then, at the regional rate |
|---|---|---|
| Q2 1995 | +205% | $913,541 |
| Q2 2000 | +174% | $821,870 |
| Q2 2005 | +116% | $649,364 |
| Q2 2010 | +90.0% | $570,089 |
| Q2 2015 | +100% | $600,744 |
| Q2 2020 | +66.4% | $499,181 |
| Q2 2021 | +46.5% | $439,441 |
| Q2 2023 | +18.6% | $355,761 |
| Q2 2025 | +3.0% | $309,014 |
How ZIP3 870 ranks
Over the past year ZIP3 870 ranks 553rd of 882 3-digit ZIP regions nationally and 3rd of 13 in New Mexico. Its one-year change is −0.0 pts versus the nation and +0.9 pts versus New Mexico. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in New Mexico |
|---|---|---|
| 1 year | 553rd of 882 | 3rd of 13 |
| 3 years | 254th of 882 | 2nd of 13 |
| 5 years | 370th of 882 | 2nd of 13 |
| 10 years | 387th of 882 | 2nd of 13 |
| Since Q1 1995 | 702nd of 879 | 11th of 13 |
Boom, bust, and recovery in ZIP3 870
ZIP3 870's index peaked in Q4 2007, fell 20.3% to its low in Q1 2014, and regained its peak in Q3 2019, about 11.8 years after the top. Today it sits +70.7% 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 |
|---|---|---|---|---|---|
| ZIP3 870 | Q4 2007 | Q1 2014 | -20.3% | Q3 2019 (11.8 yrs) | +70.7% |
| NM | Q1 2008 | Q2 2012 | -15.7% | Q2 2019 (11.2 yrs) | +69.4% |
| Metro | Q1 2008 | Q2 2012 | -17.4% | Q2 2019 (11.2 yrs) | +72.1% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 870's index has changed +42.3% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 870 after inflation | NM after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -0.8% | -1.7% | -1.6% | -0.8% |
| 3 years | +9.8% | +8.0% | +3.4% | +2.5% | +2.8% |
| 5 years | +24.0% | +18.1% | +15.0% | +16.6% | +13.9% |
| 10 years | +39.1% | +40.1% | +34.9% | +39.1% | +39.0% |
| Since Q1 1995 | +121% | +42.3% | +43.6% | +41.2% | +76.8% |
Estimate appreciation for a home in ZIP3 870
Regional estimate
$584,472
- Estimated gain
- $284,472
- Index change
- +94.82%
- Start index
- 161.71
- End index
- 315.05
ZIP3 870 (Los Lunas, NM area), Q2 2016 to Q2 2026. Index type: Native 3-Digit ZIP index.
Nearby 3-digit ZIP regions
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|---|
| 871 · Albuquerque, NM area | NM | +1.8% | +44.2% | +211% |
| 878 · Socorro, NM area | NM | +1.3% | +36.8% | +236% |
| 875 · Santa Fe, NM area | NM | +3.4% | +43.3% | +252% |
| 873 · Gallup, NM area | NM | +1.3% | +36.8% | +236% |
| 877 · Las Vegas, NM area | NM | +1.3% | +36.8% | +236% |
| 879 · Truth or Consequences, NM area | NM | +1.3% | +36.8% | +236% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 315.05 |
| Q1 2026 | 302.93 |
| Q4 2025 | 306.60 |
| Q3 2025 | 299.87 |
| Q2 2025 | 305.86 |
| Q1 2025 | 288.54 |
| Q4 2024 | 298.54 |
| Q3 2024 | 290.63 |
| Q2 2024 | 294.90 |
| Q1 2024 | 282.53 |
| Q4 2023 | 280.17 |
| Q3 2023 | 274.91 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 870?
- Based on FHFA HPI® data for 3-digit ZIP region 870, the regional index changed +3.0% over the year to Q2 2026, +46.5% over five years, +94.8% over ten years, and +215% since Q1 1995.
- Is ZIP3 870 appreciating faster than New Mexico and the U.S.?
- Over the past year the region's index +3.0% compares with +2.1% for New Mexico and +3.0% for the U.S., a gap of −0.0 pts versus the nation. Over five years the gap versus the nation is +5.2 pts.
- Which ZIP codes are in 3-digit ZIP region 870?
- All ZIP codes that begin with 870. Census 2010 ZIP Code Tabulation Areas in this region run from 87001 to 87083 (56 areas). FHFA publishes one index for the whole 3-digit region, not for each 5-digit ZIP code.
- Can I use this to value my home?
- No. The FHFA HPI® is a broad regional index of average price movement. It is not an appraisal, tax assessment, or automated valuation of any individual property. Use it as general context alongside local sales and a professional opinion.