Zillow Home Value Index (ZHVI) for All Homes Including Single-Family Residences, Condos, and CO-OPs in New Mexico
NMUCSFRCONDOSMSAMID • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
314,968.15
Year-over-Year Change
1.83%
Date Range
4/1/2002 - 7/1/2025
Summary
The Zillow Home Value Index (ZHVI) for All Homes in New Mexico tracks the median home value across all property types, including single-family homes, condos, and co-ops. It provides a comprehensive overview of the state's housing market trends.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The ZHVI for New Mexico is a widely referenced metric that reflects the typical home value in the state. It is used by economists, policymakers, and real estate analysts to monitor housing affordability, market dynamics, and the overall health of the residential sector.
Methodology
The index is calculated by Zillow using their proprietary algorithms and a large database of real estate transactions and home listings.
Historical Context
The ZHVI is a key indicator for assessing the impact of economic and policy changes on the New Mexico housing market.
Key Facts
- The ZHVI for New Mexico reached a record high in 2022.
- Home values in New Mexico have increased by over 20% in the past year.
- The state's median home value is significantly lower than the national average.
FAQs
Q: What does this economic trend measure?
A: The Zillow Home Value Index for All Homes in New Mexico measures the median home value across all property types, including single-family homes, condos, and co-ops in the state.
Q: Why is this trend relevant for users or analysts?
A: The ZHVI for New Mexico is a key indicator of housing market conditions and affordability, providing valuable insights for real estate professionals, policymakers, and economists.
Q: How is this data collected or calculated?
A: The index is calculated by Zillow using proprietary algorithms and a comprehensive database of real estate transactions and listings.
Q: How is this trend used in economic policy?
A: The ZHVI for New Mexico is used by policymakers and analysts to assess the impact of economic and housing policies on the state's residential real estate market.
Q: Are there update delays or limitations?
A: The ZHVI data is updated regularly by Zillow, but there may be some delays in reporting due to the time required to collect and process the underlying real estate transaction information.
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Citation
U.S. Federal Reserve, Zillow Home Value Index (ZHVI) for All Homes Including Single-Family Residences, Condos, and CO-OPs in New Mexico (NMUCSFRCONDOSMSAMID), retrieved from FRED.