ZIP Code Market Report
88401 — Tucumcari, NM
Data through February 2026 · Updated monthly
Avg Home Value
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Month-over-Month
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Single Family
$77,222
Condo / Co-op
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A 3-bedroom home in 88401 is valued at $98,238.
The market in 88401 has a $117,817 spread between bottom-tier homes at $45,741 and top-tier homes at $163,558. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
This report is part of the Quay County market area in NEW-MEXICO. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Quay County report.
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Market Snapshot
88401 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Single Family Value | $79,556 | $78,234 | $77,222 | ▼ 2.9% |
Home Values
88401 Home Value Trend
Historical home values for ZIP code 88401. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 88401
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 3 Bedrooms | $98,238 |
| 4 Bedrooms | $163,602 |
Property Types
Home Values by Property Type in 88401
How different property types compare in this ZIP code.
Single Family
$77,222
Bottom Tier
$45,741
Top Tier
$163,558
Data Sources and Methodology
Home value data for ZIP code 88401 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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