ZIP Code Market Report
88415 — Clayton, NM
Data through February 2026 · Updated monthly
Avg Home Value
$113,990
▼ 10.0% year-over-year
Month-over-Month
+0.5%
▲ 0.5%
Single Family
$113,662
Condo / Co-op
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The average home value in the 88415 ZIP code (Clayton, NEW-MEXICO) is $113,990 as of February 2026. Home prices are declining, down 10.0% compared to last year.
The market in 88415 has a $131,465 spread between bottom-tier homes at $71,425 and top-tier homes at $202,890. 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 Union 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 Union County report.
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Market Snapshot
88415 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 |
|---|---|---|---|---|
| Avg Home Value | $119,059 | $113,391 | $113,990 | ▼ 4.3% |
| Single Family Value | $115,645 | $114,565 | $113,662 | ▼ 1.7% |
Home Values
88415 Home Value Trend
Historical home values for ZIP code 88415. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
Property Types
Home Values by Property Type in 88415
How different property types compare in this ZIP code.
All Homes
$113,990
Single Family
$113,662
Bottom Tier
$71,425
Top Tier
$202,890
Data Sources and Methodology
Home value data for ZIP code 88415 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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