Cities with the fastest growing home prices in Albuquerque metro area

Written by:
January 19, 2023
Konstantin L // Shutterstock

Cities with the fastest growing home prices in Albuquerque metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Albuquerque, NM metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. All 27 cities and towns with data available were included in the list.

You may also like: Highest-rated Asian restaurants in Albuquerque, according to Tripadvisor

1 / 27
Stacker

#27. Pena Blanca, NM

- 1-year price change: $-2,893 (-1.2%)
- 5-year price change: +$84,865 (+54.5%)
- Typical home value: $240,667 (#20 most expensive city in metro)
2 / 27
Stacker

#26. Algodones, NM

- 1-year price change: +$9,251 (+2.8%)
- 5-year price change: +$126,536 (+59.2%)
- Typical home value: $340,302 (#11 most expensive city in metro)
3 / 27
Stacker

#25. Mountainair, NM

- 1-year price change: +$14,486 (+12.7%)
- 5-year price change: +$126,536 (data not available)
- Typical home value: $128,170 (#27 most expensive city in metro)
4 / 27
Stacker

#24. Jemez Pueblo, NM

- 1-year price change: +$19,543 (+6.0%)
- 5-year price change: +$126,536 (data not available)
- Typical home value: $346,249 (#9 most expensive city in metro)
5 / 27
Stacker

#23. Moriarty, NM

- 1-year price change: +$19,719 (+13.5%)
- 5-year price change: +$53,196 (+47.1%)
- Typical home value: $166,239 (#25 most expensive city in metro)

You may also like: Highest-rated pizza restaurants in Albuquerque, according to Tripadvisor

6 / 27
Stacker

#22. Estancia, NM

- 1-year price change: +$21,126 (+15.7%)
- 5-year price change: +$43,325 (+38.5%)
- Typical home value: $155,959 (#26 most expensive city in metro)
7 / 27
Stacker

#21. Cochiti Lake, NM

- 1-year price change: +$22,583 (+9.3%)
- 5-year price change: +$118,024 (+80.3%)
- Typical home value: $264,968 (#19 most expensive city in metro)
8 / 27
Stacker

#20. Ponderosa, NM

- 1-year price change: +$25,066 (+10.3%)
- 5-year price change: +$118,024 (data not available)
- Typical home value: $269,231 (#18 most expensive city in metro)
9 / 27
Stacker

#19. Bernalillo, NM

- 1-year price change: +$26,351 (+8.8%)
- 5-year price change: +$129,031 (+65.4%)
- Typical home value: $326,331 (#12 most expensive city in metro)
10 / 27
Stacker

#18. Jemez Springs, NM

- 1-year price change: +$28,998 (+10.3%)
- 5-year price change: +$134,652 (+76.8%)
- Typical home value: $309,986 (#15 most expensive city in metro)

You may also like: Highest-rated steakhouses in Albuquerque, according to Tripadvisor

11 / 27
Stacker

#17. Tijeras, NM

- 1-year price change: +$30,566 (+8.3%)
- 5-year price change: +$154,191 (+63.0%)
- Typical home value: $399,109 (#6 most expensive city in metro)
12 / 27
Stacker

#16. Carnuel, NM

- 1-year price change: +$32,092 (+12.1%)
- 5-year price change: +$122,179 (+70.0%)
- Typical home value: $296,771 (#16 most expensive city in metro)
13 / 27
Stacker

#15. La Jara, NM

- 1-year price change: +$32,191 (+18.1%)
- 5-year price change: +$122,179 (data not available)
- Typical home value: $210,390 (#23 most expensive city in metro)
14 / 27
Stacker

#14. Cedar Crest, NM

- 1-year price change: +$33,052 (+8.4%)
- 5-year price change: +$157,319 (+58.5%)
- Typical home value: $426,247 (#5 most expensive city in metro)
15 / 27
Stacker

#13. Belen, NM

- 1-year price change: +$34,860 (+21.7%)
- 5-year price change: +$89,495 (+84.4%)
- Typical home value: $195,509 (#24 most expensive city in metro)

You may also like: Highest-rated Chinese restaurants in Albuquerque, according to Tripadvisor

16 / 27
Stacker

#12. Albuquerque, NM

- 1-year price change: +$35,965 (+12.7%)
- 5-year price change: +$126,489 (+65.4%)
- Typical home value: $320,024 (#14 most expensive city in metro)
17 / 27
Stacker

#11. North Valley, NM

- 1-year price change: +$37,205 (+11.0%)
- 5-year price change: +$145,956 (+63.2%)
- Typical home value: $376,902 (#8 most expensive city in metro)
18 / 27
Stacker

#10. Rio Communities, NM

- 1-year price change: +$37,273 (+19.5%)
- 5-year price change: +$102,509 (+81.5%)
- Typical home value: $228,307 (#21 most expensive city in metro)
19 / 27
Stacker

#9. Sandia Park, NM

- 1-year price change: +$38,108 (+8.8%)
- 5-year price change: +$175,043 (+59.1%)
- Typical home value: $471,078 (#4 most expensive city in metro)
20 / 27
Stacker

#8. Rio Rancho, NM

- 1-year price change: +$39,027 (+13.6%)
- 5-year price change: +$139,265 (+74.8%)
- Typical home value: $325,500 (#13 most expensive city in metro)

You may also like: Metros where people in Albuquerque are getting new jobs

21 / 27
Stacker

#7. Los Lunas, NM

- 1-year price change: +$47,250 (+20.1%)
- 5-year price change: +$126,780 (+81.7%)
- Typical home value: $282,044 (#17 most expensive city in metro)
22 / 27
Stacker

#6. Jarales, NM

- 1-year price change: +$47,751 (+28.2%)
- 5-year price change: +$100,132 (+85.8%)
- Typical home value: $216,815 (#22 most expensive city in metro)
23 / 27
Stacker

#5. Corrales, NM

- 1-year price change: +$53,120 (+8.8%)
- 5-year price change: +$249,611 (+60.9%)
- Typical home value: $659,222 (#1 most expensive city in metro)
24 / 27
Stacker

#4. Los Ranchos de Albuquerque, NM

- 1-year price change: +$57,966 (+10.2%)
- 5-year price change: +$213,874 (+51.8%)
- Typical home value: $626,601 (#3 most expensive city in metro)
25 / 27
Stacker

#3. Peralta, NM

- 1-year price change: +$58,378 (+20.7%)
- 5-year price change: +$152,320 (+80.8%)
- Typical home value: $340,846 (#10 most expensive city in metro)

You may also like: Highest paying jobs in Albuquerque for high school graduates

26 / 27
Stacker

#2. Bosque Farms, NM

- 1-year price change: +$60,933 (+19.0%)
- 5-year price change: +$166,256 (+77.0%)
- Typical home value: $382,037 (#7 most expensive city in metro)
27 / 27
Stacker

#1. Placitas, NM

- 1-year price change: +$74,176 (+12.8%)
- 5-year price change: +$257,894 (+65.2%)
- Typical home value: $653,611 (#2 most expensive city in metro)

Trending Now