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U.S. and New Mexico metrics
Follow New Mexico home-price growth against the U.S. using the FHFA House Price Index, quarterly history, clear methodology, and downloadable data.
For Q2 2026, New Mexico annual growth was 2.08%, compared with 3.03% for United States. The difference was 0.95 percentage points lower.
This comparison uses the most recent period available for both series. The cards above show each series' latest published observation. A percentage-point difference and a relative percentage change answer different questions.
The FHFA House Price Index tracks changes in single-family home values using repeat transactions. The all-transactions measure includes sales prices and appraisal data from mortgages acquired or guaranteed by Fannie Mae and Freddie Mac.
The comparison shows annual price growth in New Mexico and the United States. The index describes price movement, not the dollar price of a typical house. It complements mortgage rates when examining housing costs, but it does not by itself measure affordability.
Annual growth compares each quarter's index with the same quarter a year earlier. The underlying indexes are not seasonally adjusted; a same-quarter comparison reduces recurring seasonal differences without applying a seasonal adjustment model.
The source index uses 1980 Q1 = 100. A higher index indicates a larger change from that base, not a higher dollar purchase price than another geography. It is neither a median sale price nor a price-per-square-foot measure.
Coverage reflects the underlying mortgage and transaction sample. Cash purchases and other loan markets can behave differently. Historical indexes can be revised as additional transactions and appraisals enter the data.
Missing observations remain unavailable. Annual changes require the corresponding prior reference period; they are not calculated by moving to an arbitrary earlier row. Observation dates use UTC.
This index cannot answer a dollar-price question. It measures price changes for a defined transaction sample. A current median sale price or median home value comes from a different dataset and should be labeled separately.
No. FHFA and Case-Shiller use different coverage and methods. This page uses FHFA's all-transactions measure consistently for the state and national comparison.
Affordability also depends on household income, mortgage rates, down payments, property taxes, insurance, and other costs. Read the price-growth and mortgage-rate pages together.
The downloads include original source records and normalized comparison observations with column metadata. Cite the source agency, series or release vintage, observation period, and the date you retrieved the data.
For local context, explore county profiles, city and place profiles, population sources and projections, and New Mexico industry employment and wages.