Cities with the fastest growing home prices in Albuquerque metro area

Written by:
August 23, 2022
Arina P Habich // 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 not 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 July 2022. The typical home value in the United States increased over the last year by +19.8% to $354,165. All 28 cities and towns with data available were included in the list.

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#28. Cuba, NM

- 1-year price change: +$4,209 (+2.2%)
- 5-year price change: +$39,933 (+25.7%)
- Typical home value: $195,147 (#24 most expensive city in metro)
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#27. Pena Blanca, NM

- 1-year price change: +$10,872 (+4.9%)
- 5-year price change: +$79,517 (+51.7%)
- Typical home value: $233,215 (#21 most expensive city in metro)
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#26. Mountainair, NM

- 1-year price change: +$15,188 (+14.1%)
- 5-year price change: +$79,517 (data not available)
- Typical home value: $122,685 (#28 most expensive city in metro)
4 / 28
Stacker

#25. Estancia, NM

- 1-year price change: +$19,436 (+15.2%)
- 5-year price change: +$47,214 (+47.2%)
- Typical home value: $147,232 (#27 most expensive city in metro)
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#24. Moriarty, NM

- 1-year price change: +$21,752 (+16.3%)
- 5-year price change: +$47,110 (+43.6%)
- Typical home value: $155,283 (#26 most expensive city in metro)

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#23. Belen, NM

- 1-year price change: +$35,234 (+23.6%)
- 5-year price change: +$77,764 (+72.9%)
- Typical home value: $184,431 (#25 most expensive city in metro)
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#22. South Valley, NM

- 1-year price change: +$36,982 (+17.1%)
- 5-year price change: +$108,812 (+75.3%)
- Typical home value: $253,233 (#20 most expensive city in metro)
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Stacker

#21. Jemez Pueblo, NM

- 1-year price change: +$39,429 (+13.1%)
- 5-year price change: +$108,812 (data not available)
- Typical home value: $340,790 (#10 most expensive city in metro)
9 / 28
Stacker

#20. Ponderosa, NM

- 1-year price change: +$39,669 (+17.6%)
- 5-year price change: +$108,812 (data not available)
- Typical home value: $265,566 (#18 most expensive city in metro)
10 / 28
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#19. Carnuel, NM

- 1-year price change: +$40,604 (+16.3%)
- 5-year price change: +$119,043 (+69.7%)
- Typical home value: $289,929 (#16 most expensive city in metro)

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11 / 28
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#18. La Jara, NM

- 1-year price change: +$40,910 (+26.0%)
- 5-year price change: +$119,043 (data not available)
- Typical home value: $198,387 (#23 most expensive city in metro)
12 / 28
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#17. Tijeras, NM

- 1-year price change: +$41,136 (+11.5%)
- 5-year price change: +$154,049 (+62.6%)
- Typical home value: $399,947 (#6 most expensive city in metro)
13 / 28
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#16. Jarales, NM

- 1-year price change: +$45,653 (+27.6%)
- 5-year price change: +$90,087 (+74.5%)
- Typical home value: $211,045 (#22 most expensive city in metro)
14 / 28
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#15. Cochiti Lake, NM

- 1-year price change: +$45,801 (+20.8%)
- 5-year price change: +$115,599 (+77.0%)
- Typical home value: $265,688 (#17 most expensive city in metro)
15 / 28
Stacker

#14. Albuquerque, NM

- 1-year price change: +$45,852 (+17.0%)
- 5-year price change: +$121,143 (+62.3%)
- Typical home value: $315,564 (#13 most expensive city in metro)

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16 / 28
Stacker

#13. Los Lunas, NM

- 1-year price change: +$46,063 (+21.2%)
- 5-year price change: +$109,948 (+71.5%)
- Typical home value: $263,696 (#19 most expensive city in metro)
17 / 28
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#12. Sandia Park, NM

- 1-year price change: +$51,036 (+12.3%)
- 5-year price change: +$170,195 (+57.3%)
- Typical home value: $467,163 (#4 most expensive city in metro)
18 / 28
Stacker

#11. North Valley, NM

- 1-year price change: +$51,246 (+16.0%)
- 5-year price change: +$144,069 (+63.1%)
- Typical home value: $372,476 (#7 most expensive city in metro)
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#10. Cedar Crest, NM

- 1-year price change: +$52,788 (+14.2%)
- 5-year price change: +$156,184 (+58.0%)
- Typical home value: $425,259 (#5 most expensive city in metro)
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#9. Algodones, NM

- 1-year price change: +$53,107 (+17.3%)
- 5-year price change: +$135,510 (+60.5%)
- Typical home value: $359,433 (#8 most expensive city in metro)

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#8. Bosque Farms, NM

- 1-year price change: +$53,632 (+17.9%)
- 5-year price change: +$133,242 (+60.6%)
- Typical home value: $352,978 (#9 most expensive city in metro)
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#7. Peralta, NM

- 1-year price change: +$55,268 (+21.3%)
- 5-year price change: +$129,154 (+69.5%)
- Typical home value: $314,918 (#14 most expensive city in metro)
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#6. Jemez Springs, NM

- 1-year price change: +$55,740 (+22.6%)
- 5-year price change: +$123,269 (+68.7%)
- Typical home value: $302,738 (#15 most expensive city in metro)
24 / 28
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#5. Bernalillo, NM

- 1-year price change: +$57,870 (+21.5%)
- 5-year price change: +$131,096 (+66.8%)
- Typical home value: $327,359 (#11 most expensive city in metro)
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#4. Rio Rancho, NM

- 1-year price change: +$60,906 (+23.2%)
- 5-year price change: +$140,060 (+76.5%)
- Typical home value: $323,088 (#12 most expensive city in metro)

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Stacker

#3. Los Ranchos de Albuquerque, NM

- 1-year price change: +$86,099 (+16.0%)
- 5-year price change: +$205,761 (+49.3%)
- Typical home value: $622,776 (#3 most expensive city in metro)
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#2. Placitas, NM

- 1-year price change: +$96,000 (+17.7%)
- 5-year price change: +$252,760 (+65.3%)
- Typical home value: $639,732 (#2 most expensive city in metro)
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#1. Corrales, NM

- 1-year price change: +$98,202 (+17.6%)
- 5-year price change: +$253,672 (+62.9%)
- Typical home value: $656,651 (#1 most expensive city in metro)

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