House Prices

House Prices & Home Values Hope, NM 2026


Average Data

average house price$354,000
average size per house2476 ft²
average price per ft²143 $ / ft²

04/04/2026 - The value range (VR) for house prices in Hope, NM is $143/ sqft to $143/ sqft. An average home with 2476 sqft costs approximately $354,068 to $354,068. Hope, NM includes 1 ZIP codes and it is located in Eddy county. The lowest prices are found in ZIP 88250, while the highest are in ZIP 88250. The average price per sqare feet is $143. Our analysis is based on 3 property listings.

Avergage prices by ZIP codes Hope

88250134 $ / ft²




Historical development of home values in Hope

Year Estimated value (USD) Change vs. 2025
2010 $164,404 -53.6%
2011 $158,046 -55.4%
2012 $157,621 -55.5%
2013 $163,512 -53.8%
2014 $171,643 -51.5%
2015 $180,452 -49.0%
2016 $189,870 -46.4%
2017 $200,118 -43.5%
2018 $211,181 -40.3%
2019 $220,973 -37.6%
2020 $232,397 -34.4%
2021 $264,326 -25.3%
2022 $308,145 -13.0%
2023 $324,953 -8.2%
2024 $343,752 -2.9%
2025 $354,000 0.0%

Graph: estimated home values in Hope over time (USD)



Example: 100% financing house in Hope

Loan amount: $354,000

Interest rate: 6.00%

Fixed monthly payment: $2,122.41

Breakdown in the 1st month:
Interest portion: $1,770.00  –  Principal portion: $352.41

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $21,121.74 $4,347.16 $349,652.84
2 $20,853.62 $4,615.28 $345,037.55
3 $20,568.96 $4,899.95 $340,137.61
4 $20,266.74 $5,202.16 $334,935.44
5 $19,945.88 $5,523.02 $329,412.42
6 $19,605.24 $5,863.67 $323,548.75
7 $19,243.58 $6,225.33 $317,323.43
8 $18,859.61 $6,609.29 $310,714.13
9 $18,451.97 $7,016.94 $303,697.19
10 $18,019.18 $7,449.73 $296,247.47
11 $17,559.69 $7,909.21 $288,338.26
12 $17,071.87 $8,397.03 $279,941.22
13 $16,553.96 $8,914.94 $271,026.28
14 $16,004.11 $9,464.80 $261,561.48
15 $15,420.34 $10,048.57 $251,512.91
16 $14,800.57 $10,668.34 $240,844.57
17 $14,142.57 $11,326.34 $229,518.23
18 $13,443.98 $12,024.92 $217,493.30
19 $12,702.31 $12,766.60 $204,726.71
20 $11,914.89 $13,554.01 $191,172.70
21 $11,078.91 $14,389.99 $176,782.70
22 $10,191.37 $15,277.54 $161,505.17
23 $9,249.08 $16,219.82 $145,285.34
24 $8,248.68 $17,220.22 $128,065.12
25 $7,186.58 $18,282.33 $109,782.79
26 $6,058.96 $19,409.94 $90,372.84
27 $4,861.80 $20,607.11 $69,765.74
28 $3,590.80 $21,878.11 $47,887.63
29 $2,241.40 $23,227.50 $24,660.12
30 $808.78 $24,660.12 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Hope, NM


1500 sqft3900 sqft
Ø selling price$259,546$552,123
Ø fast selling$235,951$496,911
Ø high price sale$283,140$607,336

In 2026, houses in Hope, NM will be offered at an average price of $143 per square foot. A 1,500 sqft home priced at $259,546 is 21.44% more expensive per square foot than a 3,900 sqft home priced at $552,123. Home prices in Hope, NM vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $382,240. Sellers who can wait longer may achieve a higher price of up to $467,182.


Hope, NM Travel Guide

Overview

Discover the quiet charm of Hope, NM, a tiny unincorporated community in Eddy County that offers big skies, friendly faces, and wide-open desert views. This travel guide highlights the best things to know about Hope, New Mexico for road-trippers and explorers seeking an authentic small-town stop.

Location and Landscape

Situated along U.S. Route 82 about 20 miles west of Artesia, Hope sits where the Pecos Valley eases into the Chihuahuan Desert and the foothills leading toward the Sacramento Mountains. Its location makes it a peaceful base or scenic pause between the lower desert and the timbered high country on the way toward Mayhill, Cloudcroft, and the Lincoln National Forest. Clear views, minimal traffic, and a classic two-lane highway vibe give Hope a photogenic, slow-travel appeal.

History and Community

Historically tied to ranching and small-scale agriculture, the community clusters around a post office with the 88250 ZIP code and a handful of local services. Residents value neighborly traditions, and visitors will notice that community events are simple, down-to-earth, and centered on shared spaces. While larger amenities lie in nearby Artesia or Carlsbad, the town?s relaxed rhythm and expansive horizons define its enduring character.

Things to Do and Tips

Popular things to do near Hope, NM include sunrise and sunset photography, birding after seasonal rains, and remarkably dark-sky stargazing on clear nights. Pack water, fuel up before you arrive, and enjoy the drive?Hope, New Mexico rewards unhurried travelers with solitude, scenery, and a memorable slice of the Southwest.



FAQ – Home Values in Hope

What is the median home value in Hope in 2026?

In 2026, the typical home value in Hope is about $354,000 for an average home size of 2476 square feet. This corresponds to an average price of roughly $143 per square foot.

What is the average cost per square foot in Hope?

In 2026, homes in Hope sell for an average of around $143 per square foot, with a typical range between $143 and $143 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Hope is about 2476 square feet, with an estimated 2026 value around $354,000.



Locations close to Hope, NM

Jal, NM88 $ / ft²
Lake Arthur, NM106 $ / ft²
Lakewood, NM146 $ / ft²
Hobbs, NM133 $ / ft²
Hagerman, NM120 $ / ft²
Eunice, NM95 $ / ft²




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