ZIP Code 88242 Housing Market
ZIP code 88242 is located in Lea County, New Mexico. Based on the FHFA House Price Index, the most recent annual HPI value is 348.0 (2000 = 100) , with a year-over-year change of +8.86% as of 2025.
📈 88242 HPI Trend
FHFA House Price Index for Five-Digit ZIP Codes (2000 = 100)
About This ZIP Code
ZIP code 88242 is one of the most active real estate sub-markets in Lea County, New Mexico. The FHFA House Price Index tracks cumulative price appreciation since 2000, providing a consistent measure of long-term value change in this specific ZIP area.
For full county-level context, see the Lea County Housing Market page, which includes ACS median home values, rent, owner-occupancy, employment, migration, and other economic indicators.
Other Active ZIPs in Lea County
| ZIP Code | HPI | YoY | Latest Year |
|---|---|---|---|
| 88240 | 334.8 | +7.20% | 2025 |
| 88260 | 335.4 | +4.07% | 2025 |
Data Source: FHFA House Price Index for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100). Data as of 2025. This product uses FHFA Data but is neither endorsed nor certified by FHFA.