Zip lookup · NM

88231
Eunice, New Mexico.

Eunice, Lea County, NM · Hobbs, NM metro · population 3,255

What it costs per month · 88231 $815/mo

to buy the typical home at today's mortgage rate — $66 (-7%) since Feb 2022.

What the home itself did
1 year
Up $6,813 +5%
$148,453$155,266 since Sep 2025

Monthly payment to buy the typical home

Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.

$500 $1,000 $1,500 $2,000 2002 2006 2010 2014 2018 2022 2026 88231 $815 United States $1,922
$500 $1,000 $1,500 $2,000 2002 2010 2018 2026
  • 88231$815
  • United States$1,922

Typical home values in zip 88231 rose 4.6% over the past year — faster than the nation's +1.2%.

Zillow also publishes an index for the city itself: Eunice, NM — measured over the city limits, which is a different area from this zip.

Typical home value $155,266 as of Sep 2026
+4.6%year on year

Typical home value — 88231

Mid-tier homes, smoothed and seasonally adjusted.

$150,000 $200,000 $250,000 $300,000 $350,000 2022 2023 2024 2025 2026 88231 $155,266 Hobbs $196,515 United States $366,157
$150,000 $200,000 $250,000 $300,000 $350,000 2022 2024 2026
  • 88231$155,266
  • Hobbs$196,515
  • United States$366,157

Within 20 miles

Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.