3-digit ZIP regional index
Home appreciation in ZIP codes 880xxLas Cruces, NM area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 880 changed -0.5% 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 88001–88081. Most of its 2010 population lived in Doña Ana County (75%), Grant County (11%), Luna County (9%). Communities in the region include Deming, Chaparral, Sunland Park, Silver City, Anthony. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- -0.5%
- 5-year change
- +41.4%
- Since Q1 1995
- +195%
- National rank (1 year)
- 841st
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 880 vs New Mexico and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 880: 295.5
- New Mexico: 318.0
- Las Cruces, NM metro: 294.8
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 880 | NM | U.S. | Gap vs NM | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | -0.5% | +2.1% | +3.0% | −2.6 pts | −3.6 pts |
| 3 years | +8.8% | +13.5% | +12.9% | −4.8 pts | −4.1 pts |
| 5 years | +41.4% | +42.6% | +41.3% | −1.2 pts | +0.1 pts |
| 10 years | +76.7% | +87.6% | +93.3% | −10.9 pts | −16.6 pts |
| Since Q1 1995 | +195% | +218% | +292% | −22.5 pts | −96.1 pts |
If you bought in ZIP3 880 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 | +184% | $852,698 |
| Q2 2000 | +156% | $767,362 |
| Q2 2005 | +85.6% | $556,841 |
| Q2 2010 | +67.0% | $500,893 |
| Q2 2015 | +85.6% | $556,876 |
| Q2 2020 | +57.6% | $472,887 |
| Q2 2021 | +41.4% | $424,268 |
| Q2 2023 | +8.8% | $326,259 |
| Q2 2025 | -0.5% | $298,404 |
How ZIP3 880 ranks
Over the past year ZIP3 880 ranks 841st of 882 3-digit ZIP regions nationally and 13th of 13 in New Mexico. Its one-year change is −3.6 pts versus the nation and −2.6 pts versus New Mexico. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in New Mexico |
|---|---|---|
| 1 year | 841st of 882 | 13th of 13 |
| 3 years | 754th of 882 | 13th of 13 |
| 5 years | 538th of 882 | 5th of 13 |
| 10 years | 639th of 882 | 4th of 13 |
| Since Q1 1995 | 800th of 879 | 13th of 13 |
Boom, bust, and recovery in ZIP3 880
ZIP3 880's index peaked in Q1 2008, fell 19.8% to its low in Q2 2014, and regained its peak in Q1 2021, about 13 years after the top. Today it sits +50.8% 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 880 | Q1 2008 | Q2 2014 | -19.8% | Q1 2021 (13 yrs) | +50.8% |
| NM | Q1 2008 | Q2 2012 | -15.7% | Q2 2019 (11.2 yrs) | +69.4% |
| Metro | Q4 2007 | Q2 2014 | -20.1% | Q1 2021 (13.2 yrs) | +52.1% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 880's index has changed +33.5% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 880 after inflation | NM after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -4.2% | -1.7% | -4.1% | -0.8% |
| 3 years | +9.8% | -1.0% | +3.4% | -0.5% | +2.8% |
| 5 years | +24.0% | +14.0% | +15.0% | +14.3% | +13.9% |
| 10 years | +39.1% | +27.1% | +34.9% | +29.4% | +39.0% |
| Since Q1 1995 | +121% | +33.5% | +43.6% | +33.1% | +76.8% |
Estimate appreciation for a home in ZIP3 880
Regional estimate
$530,227
- Estimated gain
- $230,227
- Index change
- +76.74%
- Start index
- 167.17
- End index
- 295.46
ZIP3 880 (Las Cruces, 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 |
|---|---|---|---|---|
| 879 · Truth or Consequences, NM area | NM | +1.3% | +36.8% | +236% |
| 799 · El Paso, TX area | TX | +2.2% | +48.0% | +213% |
| 883 · Alamogordo, NM area | NM | +1.3% | +36.8% | +236% |
| 798 · Alpine, TX area | TX | +2.9% | +43.8% | +323% |
| 878 · Socorro, NM area | NM | +1.3% | +36.8% | +236% |
| 882 · Roswell, NM area | NM | +3.0% | +28.5% | +265% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 295.46 |
| Q1 2026 | 297.11 |
| Q4 2025 | 291.91 |
| Q3 2025 | 294.22 |
| Q2 2025 | 297.04 |
| Q1 2025 | 289.75 |
| Q4 2024 | 290.92 |
| Q3 2024 | 288.44 |
| Q2 2024 | 282.97 |
| Q1 2024 | 285.19 |
| Q4 2023 | 274.06 |
| Q3 2023 | 285.89 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 880?
- Based on FHFA HPI® data for 3-digit ZIP region 880, the regional index changed -0.5% over the year to Q2 2026, +41.4% over five years, +76.7% over ten years, and +195% since Q1 1995.
- Is ZIP3 880 appreciating faster than New Mexico and the U.S.?
- Over the past year the region's index -0.5% compares with +2.1% for New Mexico and +3.0% for the U.S., a gap of −3.6 pts versus the nation. Over five years the gap versus the nation is +0.1 pts.
- Which ZIP codes are in 3-digit ZIP region 880?
- All ZIP codes that begin with 880. Census 2010 ZIP Code Tabulation Areas in this region run from 88001 to 88081 (46 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.