88231 — Eunice, NM Home Values
Typical home value $163,631 as of June 2026 · 4th of 6 in Hobbs, NM
Blue: typical home value (Zillow ZHVI) in ZIP code 88231, February 2022 to June 2026. This page shows observed data only; no forecast.
How 88231 compares in the Hobbs, NM area
ZIP code 88231 (Eunice, NM) has a typical home value of $163,631 as of June 2026, ranking 4th of 6 ZIP codes tracked in the Hobbs, NM area, more expensive than about 50% of ZIP codes in the metro. Prices here have moved +3.6% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed -34.2%, from $248,826 in February 2022 to $163,631 in June 2026.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Hobbs, NM forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Hobbs.
Population and demographics
ZIP code 88231 has a population of 3,360, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 50.8% Hispanic or Latino, 44.9% White, 2.7% American Indian or Alaska Native, and 1.6% two or more races.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| EUNICE HIGH | 1101 19TH STREET, EUNICE, NM | 5.6 mi |
| METTIE JORDAN ELEMENTARY | 1715 AVENUE M, EUNICE, NM | 5.7 mi |
| CATON MIDDLE | 1109 16TH STREET, EUNICE, NM | 5.8 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 88231?
$163,631 as of June 2026, the latest month Zillow has published observed data for.
Is 88231 an expensive ZIP code in the Hobbs, NM area?
88231 ranks 4th of 6 ZIP codes in the Hobbs, NM area by typical home value, more expensive than about 50% of ZIP codes in the metro.
How much have home values in 88231 changed over the past year?
+3.6% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 88231?
3,360, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 88231?
EUNICE HIGH (5.6 mi), METTIE JORDAN ELEMENTARY (5.7 mi), CATON MIDDLE (5.8 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 88231?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Hobbs, NM forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.