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Zillow Home Value Index (ZHVI) for All Homes Including Single-Family Residences, Condos, and CO-OPs in New Mexico (NMUCSFRCONDOSMSAMID)

Observation:

Jun 2024: 306,013.72495 (+ more)   Updated: Jul 18, 2024 3:31 AM CDT
Jun 2024:  306,013.72495  
May 2024:  305,550.80917  
Apr 2024:  304,059.17851  
Mar 2024:  302,229.20263  
Feb 2024:  300,660.15732  
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Units:

Dollars,
Smoothed Seasonally Adjusted

Frequency:

Monthly

NOTES

Source: Zillow  

Release: Zillow Home Value Index (ZHVI)  

Units:  Dollars, Smoothed Seasonally Adjusted

Frequency:  Monthly

Notes:

The Zillow Home Value Index or ZHVI is a smoothed, seasonally adjusted measure of the typical home value and market changes across a given region and housing type. It reflects the typical value for homes in the 35th to 65th percentile range.

Home types captured in ZHVI include single-family residences, condos, and co-ops.

A single-family home is a standalone, detached house used as a single dwelling unit, meaning a residence for one family, person or household. It has its own private entrance and direct street access, and is built on its own land, usually with additional yard space.

An owner-occupied apartment is generally referred to as a condominium or condo. The public common areas are jointly-owned and usually managed by a homeowners association (HOA).

A cooperative, or co-op, is a type of housing that is actually a corporation. A co-op resembles a condominium but the unit owners do not own their unit outright. Each resident owns a share in a corporation that entitles them to live in one of the units under a lease agreement.

For more information on types of houses, check out Zillow's types of houses article. For information about ZHVI, check out their user guide. For more information about methodology check out this overview of ZHVI and a deep-dive into its methodology.

Suggested Citation:

Zillow, Zillow Home Value Index (ZHVI) for All Homes Including Single-Family Residences, Condos, and CO-OPs in New Mexico [NMUCSFRCONDOSMSAMID], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/NMUCSFRCONDOSMSAMID, .

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