3-digit ZIP regional index
Home appreciation in ZIP codes 875xxSanta Fe, NM area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 875 changed +3.4% 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 87501–87583. Most of its 2010 population lived in Santa Fe County (58%), Rio Arriba County (17%), Taos County (14%). Communities in the region include Los Alamos, Espanola, Eldorado at Santa Fe, White Rock, Taos. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +3.4%
- 5-year change
- +43.3%
- Since Q1 1995
- +252%
- National rank (1 year)
- 485th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 875 vs New Mexico and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 875: 352.1
- New Mexico: 318.0
- Santa Fe, NM metro: 351.4
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 875 | NM | U.S. | Gap vs NM | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.4% | +2.1% | +3.0% | +1.3 pts | +0.4 pts |
| 3 years | +13.5% | +13.5% | +12.9% | +0.0 pts | +0.7 pts |
| 5 years | +43.3% | +42.6% | +41.3% | +0.6 pts | +2.0 pts |
| 10 years | +106% | +87.6% | +93.3% | +18.5 pts | +12.8 pts |
| Since Q1 1995 | +252% | +218% | +292% | +34.1 pts | −39.5 pts |
If you bought in ZIP3 875 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 | +249% | $1,046,478 |
| Q2 2000 | +192% | $876,087 |
| Q2 2005 | +104% | $612,260 |
| Q2 2010 | +106% | $618,643 |
| Q2 2015 | +115% | $645,368 |
| Q2 2020 | +60.7% | $482,002 |
| Q2 2021 | +43.3% | $429,913 |
| Q2 2023 | +13.5% | $340,537 |
| Q2 2025 | +3.4% | $310,176 |
How ZIP3 875 ranks
Over the past year ZIP3 875 ranks 485th of 882 3-digit ZIP regions nationally and 2nd of 13 in New Mexico. Its one-year change is +0.4 pts versus the nation and +1.3 pts versus New Mexico. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in New Mexico |
|---|---|---|
| 1 year | 485th of 882 | 2nd of 13 |
| 3 years | 555th of 882 | 3rd of 13 |
| 5 years | 486th of 882 | 4th of 13 |
| 10 years | 241st of 882 | 1st of 13 |
| Since Q1 1995 | 487th of 879 | 2nd of 13 |
Boom, bust, and recovery in ZIP3 875
ZIP3 875's index peaked in Q4 2007, fell 20.9% to its low in Q2 2014, and regained its peak in Q4 2018, about 11 years after the top. Today it sits +76.8% 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 875 | Q4 2007 | Q2 2014 | -20.9% | Q4 2018 (11 yrs) | +76.8% |
| NM | Q1 2008 | Q2 2012 | -15.7% | Q2 2019 (11.2 yrs) | +69.4% |
| Metro | Q4 2007 | Q2 2012 | -22.2% | Q2 2019 (11.5 yrs) | +74.0% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 875's index has changed +59.0% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 875 after inflation | NM after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -0.5% | -1.7% | +0.1% | -0.8% |
| 3 years | +9.8% | +3.4% | +3.4% | +5.2% | +2.8% |
| 5 years | +24.0% | +15.5% | +15.0% | +14.5% | +13.9% |
| 10 years | +39.1% | +48.2% | +34.9% | +45.3% | +39.0% |
| Since Q1 1995 | +121% | +59.0% | +43.6% | +58.7% | +76.8% |
Estimate appreciation for a home in ZIP3 875
Regional estimate
$618,426
- Estimated gain
- $318,426
- Index change
- +106%
- Start index
- 170.79
- End index
- 352.07
ZIP3 875 (Santa Fe, 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 |
|---|---|---|---|---|
| 877 · Las Vegas, NM area | NM | +1.3% | +36.8% | +236% |
| 871 · Albuquerque, NM area | NM | +1.8% | +44.2% | +211% |
| 870 · Los Lunas, NM area | NM | +3.0% | +46.5% | +215% |
| 811 · Alamosa, CO area | CO | +2.8% | +46.4% | +380% |
| 884 · Tucumcari, NM area | NM | +1.3% | +36.8% | +236% |
| 874 · Farmington, NM area | NM | +7.8% | +52.0% | +241% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 352.07 |
| Q1 2026 | 344.06 |
| Q4 2025 | 348.02 |
| Q3 2025 | 342.52 |
| Q2 2025 | 340.52 |
| Q1 2025 | 338.02 |
| Q4 2024 | 336.32 |
| Q3 2024 | 339.92 |
| Q2 2024 | 336.31 |
| Q1 2024 | 326.28 |
| Q4 2023 | 311.81 |
| Q3 2023 | 325.17 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 875?
- Based on FHFA HPI® data for 3-digit ZIP region 875, the regional index changed +3.4% over the year to Q2 2026, +43.3% over five years, +106% over ten years, and +252% since Q1 1995.
- Is ZIP3 875 appreciating faster than New Mexico and the U.S.?
- Over the past year the region's index +3.4% compares with +2.1% for New Mexico and +3.0% for the U.S., a gap of +0.4 pts versus the nation. Over five years the gap versus the nation is +2.0 pts.
- Which ZIP codes are in 3-digit ZIP region 875?
- All ZIP codes that begin with 875. Census 2010 ZIP Code Tabulation Areas in this region run from 87501 to 87583 (62 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.