3-digit ZIP regional index
Home appreciation in ZIP codes 873xxGallup, NM area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 873 changed +1.3% 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 87301–87375. Most of its 2010 population lived in McKinley County (92%). Communities in the region include Zuni Pueblo, Crownpoint, Thoreau, Navajo, Black Rock. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +1.3%
- 5-year change
- +36.8%
- Since Q1 1995
- +236%
- National rank (1 year)
- 737th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 873 vs New Mexico and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 873: 335.9
- New Mexico: 318.0
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 873 | NM | U.S. | Gap vs NM | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +1.3% | +2.1% | +3.0% | −0.8 pts | −1.7 pts |
| 3 years | +12.9% | +13.5% | +12.9% | −0.6 pts | +0.1 pts |
| 5 years | +36.8% | +42.6% | +41.3% | −5.9 pts | −4.5 pts |
| 10 years | +75.6% | +87.6% | +93.3% | −12.0 pts | −17.7 pts |
| Since Q1 1995 | +236% | +218% | +292% | +18.0 pts | −55.6 pts |
If you bought in ZIP3 873 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 | +231% | $992,994 |
| Q2 2000 | +176% | $828,162 |
| Q2 2005 | +109% | $627,164 |
| Q2 2010 | +80.7% | $541,997 |
| Q2 2015 | +79.8% | $539,473 |
| Q2 2020 | +47.7% | $443,238 |
| Q2 2021 | +36.8% | $410,321 |
| Q2 2023 | +12.9% | $338,821 |
| Q2 2025 | +1.3% | $303,826 |
How ZIP3 873 ranks
Over the past year ZIP3 873 ranks 737th of 882 3-digit ZIP regions nationally and 6th of 13 in New Mexico. Its one-year change is −1.7 pts versus the nation and −0.8 pts versus New Mexico. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in New Mexico |
|---|---|---|
| 1 year | 737th of 882 | 6th of 13 |
| 3 years | 584th of 882 | 4th of 13 |
| 5 years | 679th of 882 | 6th of 13 |
| 10 years | 660th of 882 | 5th of 13 |
| Since Q1 1995 | 600th of 879 | 4th of 13 |
Boom, bust, and recovery in ZIP3 873
ZIP3 873's index peaked in Q2 2008, fell 7.5% to its low in Q1 2012, and regained its peak in Q1 2017, about 8.8 years after the top. Today it sits +71.9% 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 873 | Q2 2008 | Q1 2012 | -7.5% | Q1 2017 (8.8 yrs) | +71.9% |
| 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, ZIP3 873's index has changed +51.7% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 873 after inflation | NM after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -2.5% | -1.7% | -0.8% |
| 3 years | +9.8% | +2.9% | +3.4% | +2.8% |
| 5 years | +24.0% | +10.3% | +15.0% | +13.9% |
| 10 years | +39.1% | +26.3% | +34.9% | +39.0% |
| Since Q1 1995 | +121% | +51.7% | +43.6% | +76.8% |
Estimate appreciation for a home in ZIP3 873
Regional estimate
$526,784
- Estimated gain
- $226,784
- Index change
- +75.59%
- Start index
- 191.31
- End index
- 335.93
ZIP3 873 (Gallup, NM area), Q2 2016 to Q2 2026. Index type: Balance of State.
Nearby 3-digit ZIP regions
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|---|
| 874 · Farmington, NM area | NM | +7.8% | +52.0% | +241% |
| 870 · Los Lunas, NM area | NM | +3.0% | +46.5% | +215% |
| 859 · Show Low, AZ area | AZ | +2.0% | +46.0% | +331% |
| 871 · Albuquerque, NM area | NM | +1.8% | +44.2% | +211% |
| 878 · Socorro, NM area | NM | +1.3% | +36.8% | +236% |
| 813 · Durango, CO area | CO | +6.7% | +53.2% | +374% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 335.93 |
| Q1 2026 | 335.51 |
| Q4 2025 | 334.82 |
| Q3 2025 | 332.47 |
| Q2 2025 | 331.70 |
| Q1 2025 | 320.37 |
| Q4 2024 | 327.96 |
| Q3 2024 | 320.88 |
| Q2 2024 | 314.64 |
| Q1 2024 | 309.31 |
| Q4 2023 | 303.55 |
| Q3 2023 | 301.13 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 873?
- Based on FHFA HPI® data for 3-digit ZIP region 873, the regional index changed +1.3% over the year to Q2 2026, +36.8% over five years, +75.6% over ten years, and +236% since Q1 1995.
- Is ZIP3 873 appreciating faster than New Mexico and the U.S.?
- Over the past year the region's index +1.3% compares with +2.1% for New Mexico and +3.0% for the U.S., a gap of −1.7 pts versus the nation. Over five years the gap versus the nation is −4.5 pts.
- Which ZIP codes are in 3-digit ZIP region 873?
- All ZIP codes that begin with 873. Census 2010 ZIP Code Tabulation Areas in this region run from 87301 to 87375 (22 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.