Cities with the fastest-growing home prices in the Albuquerque metro area

Written by:
May 29, 2024
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Cities with the fastest-growing home prices in the Albuquerque metro area

The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.

In April, the typical home value in the United States was $359,402—4.4% higher than the year before.

Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.

Stacker compiled a list of cities with the fastest-growing home prices in the Albuquerque metro area using Zillow data. Cities are ranked by their one-year price change as of April 2024.

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Stacker

#23. La Jara, NM

- 1-year price change: -$18,559 (-7.3%)
- 5-year price change: +$252,642 (data not available)
- Typical home value: $236,934 (#22 most expensive city in metro)
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Stacker

#22. Moriarty, NM

- 1-year price change: -$17,346 (-7.3%)
- 5-year price change: +$55,428 (+33.8%)
- Typical home value: $219,406 (#23 most expensive city in metro)
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Stacker

#21. Pena Blanca, NM

- 1-year price change: -$15,165 (-5.6%)
- 5-year price change: +$55,428 (data not available)
- Typical home value: $256,950 (#19 most expensive city in metro)
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Stacker

#20. Ponderosa, NM

- 1-year price change: -$13,926 (-4.6%)
- 5-year price change: +$55,428 (data not available)
- Typical home value: $287,675 (#17 most expensive city in metro)
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Stacker

#19. Jemez Pueblo, NM

- 1-year price change: +$4,803 (+1.3%)
- 5-year price change: +$55,428 (data not available)
- Typical home value: $375,328 (#9 most expensive city in metro)
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Stacker

#18. Algodones, NM

- 1-year price change: +$12,878 (+3.6%)
- 5-year price change: +$55,428 (data not available)
- Typical home value: $372,687 (#10 most expensive city in metro)
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Stacker

#17. Bernalillo, NM

- 1-year price change: +$12,881 (+4.2%)
- 5-year price change: +$113,635 (+54.7%)
- Typical home value: $321,478 (#14 most expensive city in metro)
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Stacker

#16. Jemez Springs, NM

- 1-year price change: +$16,062 (+5.2%)
- 5-year price change: +$106,841 (+48.6%)
- Typical home value: $326,757 (#13 most expensive city in metro)
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Stacker

#15. Peralta, NM

- 1-year price change: +$17,673 (+4.6%)
- 5-year price change: +$129,830 (+47.0%)
- Typical home value: $405,986 (#8 most expensive city in metro)
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Stacker

#14. Los Lunas, NM

- 1-year price change: +$18,806 (+6.5%)
- 5-year price change: +$118,911 (+63.0%)
- Typical home value: $307,798 (#15 most expensive city in metro)
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Stacker

#13. Cochiti Lake, NM

- 1-year price change: +$18,813 (+7.3%)
- 5-year price change: +$111,813 (+67.4%)
- Typical home value: $277,707 (#18 most expensive city in metro)
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Stacker

#12. Belen, NM

- 1-year price change: +$18,842 (+8.0%)
- 5-year price change: +$102,796 (+68.0%)
- Typical home value: $253,971 (#21 most expensive city in metro)
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Stacker

#11. Rio Rancho, NM

- 1-year price change: +$22,017 (+6.8%)
- 5-year price change: +$142,105 (+70.1%)
- Typical home value: $344,738 (#11 most expensive city in metro)
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Stacker

#10. Albuquerque, NM

- 1-year price change: +$22,495 (+7.2%)
- 5-year price change: +$129,182 (+63.4%)
- Typical home value: $332,851 (#12 most expensive city in metro)
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Stacker

#9. Carnuel, NM

- 1-year price change: +$22,593 (+8.1%)
- 5-year price change: +$113,586 (+60.3%)
- Typical home value: $301,896 (#16 most expensive city in metro)
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Stacker

#8. Sandia Park, NM

- 1-year price change: +$23,040 (+4.9%)
- 5-year price change: +$174,115 (+53.8%)
- Typical home value: $497,816 (#4 most expensive city in metro)
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Stacker

#7. Tijeras, NM

- 1-year price change: +$23,295 (+6.0%)
- 5-year price change: +$149,478 (+57.3%)
- Typical home value: $410,413 (#7 most expensive city in metro)
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Stacker

#6. Cedar Crest, NM

- 1-year price change: +$26,453 (+6.5%)
- 5-year price change: +$154,204 (+55.2%)
- Typical home value: $433,383 (#5 most expensive city in metro)
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Stacker

#5. Rio Communities, NM

- 1-year price change: +$27,249 (+12.0%)
- 5-year price change: +$116,237 (+83.8%)
- Typical home value: $254,908 (#20 most expensive city in metro)
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Stacker

#4. Placitas, NM

- 1-year price change: +$33,215 (+5.4%)
- 5-year price change: +$231,228 (+55.4%)
- Typical home value: $648,477 (#3 most expensive city in metro)
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Stacker

#3. Bosque Farms, NM

- 1-year price change: +$36,149 (+9.4%)
- 5-year price change: +$171,966 (+69.1%)
- Typical home value: $420,791 (#6 most expensive city in metro)
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Stacker

#2. Los Ranchos de Albuquerque, NM

- 1-year price change: +$36,818 (+6.0%)
- 5-year price change: +$231,063 (+55.1%)
- Typical home value: $650,474 (#2 most expensive city in metro)
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Stacker

#1. Corrales, NM

- 1-year price change: +$41,814 (+6.3%)
- 5-year price change: +$261,908 (+59.6%)
- Typical home value: $701,413 (#1 most expensive city in metro)

This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 380 metros.

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