3-digit ZIP regional index
Home appreciation in ZIP codes 874xxFarmington, NM area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 874 changed +7.8% 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 87401–87499. Most of its 2010 population lived in San Juan County (100%). Communities in the region include Shiprock, Bloomfield, Kirtland, Aztec, Lee Acres. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +7.8%
- 5-year change
- +52.0%
- Since Q1 1995
- +241%
- National rank (1 year)
- 55th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 874 vs New Mexico and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 874: 340.8
- New Mexico: 318.0
- Farmington, NM metro: 340.8
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 874 | NM | U.S. | Gap vs NM | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +7.8% | +2.1% | +3.0% | +5.7 pts | +4.8 pts |
| 3 years | +25.0% | +13.5% | +12.9% | +11.5 pts | +12.1 pts |
| 5 years | +52.0% | +42.6% | +41.3% | +9.3 pts | +10.7 pts |
| 10 years | +65.8% | +87.6% | +93.3% | −21.8 pts | −27.5 pts |
| Since Q1 1995 | +241% | +218% | +292% | +22.8 pts | −50.8 pts |
If you bought in ZIP3 874 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 | +219% | $957,611 |
| Q2 2000 | +168% | $805,302 |
| Q2 2005 | +82.5% | $547,565 |
| Q2 2010 | +63.6% | $490,711 |
| Q2 2015 | +69.6% | $508,861 |
| Q2 2020 | +62.2% | $486,554 |
| Q2 2021 | +52.0% | $455,955 |
| Q2 2023 | +25.0% | $374,917 |
| Q2 2025 | +7.8% | $323,446 |
How ZIP3 874 ranks
Over the past year ZIP3 874 ranks 55th of 882 3-digit ZIP regions nationally and 1st of 13 in New Mexico. Its one-year change is +4.8 pts versus the nation and +5.7 pts versus New Mexico. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in New Mexico |
|---|---|---|
| 1 year | 55th of 882 | 1st of 13 |
| 3 years | 40th of 882 | 1st of 13 |
| 5 years | 194th of 882 | 1st of 13 |
| 10 years | 785th of 882 | 12th of 13 |
| Since Q1 1995 | 563rd of 879 | 3rd of 13 |
Boom, bust, and recovery in ZIP3 874
ZIP3 874's index peaked in Q1 2008, fell 14.0% to its low in Q1 2014, and regained its peak in Q3 2021, about 13.5 years after the top. Today it sits +51.4% 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 874 | Q1 2008 | Q1 2014 | -14.0% | Q3 2021 (13.5 yrs) | +51.4% |
| NM | Q1 2008 | Q2 2012 | -15.7% | Q2 2019 (11.2 yrs) | +69.4% |
| Metro | Q1 2008 | Q1 2014 | -14.0% | Q3 2021 (13.5 yrs) | +51.4% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 874's index has changed +53.9% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 874 after inflation | NM after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +3.8% | -1.7% | +3.8% | -0.8% |
| 3 years | +9.8% | +13.8% | +3.4% | +13.8% | +2.8% |
| 5 years | +24.0% | +22.5% | +15.0% | +22.5% | +13.9% |
| 10 years | +39.1% | +19.2% | +34.9% | +19.2% | +39.0% |
| Since Q1 1995 | +121% | +53.9% | +43.6% | +53.9% | +76.8% |
Estimate appreciation for a home in ZIP3 874
Regional estimate
$497,518
- Estimated gain
- $197,518
- Index change
- +65.84%
- Start index
- 205.47
- End index
- 340.75
ZIP3 874 (Farmington, 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 |
|---|---|---|---|---|
| 813 · Durango, CO area | CO | +6.7% | +53.2% | +374% |
| 873 · Gallup, NM area | NM | +1.3% | +36.8% | +236% |
| 811 · Alamosa, CO area | CO | +2.8% | +46.4% | +380% |
| 814 · Montrose, CO area | CO | -0.7% | +41.0% | +323% |
| 875 · Santa Fe, NM area | NM | +3.4% | +43.3% | +252% |
| 871 · Albuquerque, NM area | NM | +1.8% | +44.2% | +211% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 340.75 |
| Q1 2026 | 339.77 |
| Q4 2025 | 330.99 |
| Q3 2025 | 341.02 |
| Q2 2025 | 316.05 |
| Q1 2025 | 324.94 |
| Q4 2024 | 314.68 |
| Q3 2024 | 305.60 |
| Q2 2024 | 298.08 |
| Q1 2024 | 283.04 |
| Q4 2023 | 291.47 |
| Q3 2023 | 296.34 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 874?
- Based on FHFA HPI® data for 3-digit ZIP region 874, the regional index changed +7.8% over the year to Q2 2026, +52.0% over five years, +65.8% over ten years, and +241% since Q1 1995.
- Is ZIP3 874 appreciating faster than New Mexico and the U.S.?
- Over the past year the region's index +7.8% compares with +2.1% for New Mexico and +3.0% for the U.S., a gap of +4.8 pts versus the nation. Over five years the gap versus the nation is +10.7 pts.
- Which ZIP codes are in 3-digit ZIP region 874?
- All ZIP codes that begin with 874. Census 2010 ZIP Code Tabulation Areas in this region run from 87401 to 87499 (15 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.