Cities with the most expensive homes in Albuquerque metro area

Written by:
August 15, 2022
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Cities with the most expensive homes in Albuquerque metro area

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. Given the current state of the real estate market, housing affordability plays a determining role for buyers. As of August 11, 2022, the 30-year fixed mortgage rate sits at 5.42%. As a result of higher mortgage rates across the board, home prices have risen significantly. The typical home value in the United States increased over the last year by +14.9% to $357,810.

Although home prices have inflated all across the U.S., there are definitely certain areas that have a higher price tag than others. Location, size, age, and condition are all contributing factors to home value. Whether you choose to hold off your home-buying plans in hopes of the market cooling down or are looking to buy ASAP, it's good to educate yourself on the market in different cities.

Stacker compiled a list of cities with the most expensive homes in Albuquerque using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of September 2022. The ZVHI represents a seasonally adjusted price for the middle market for all homes. All 24 cities and towns with data available were included in the list. Charts for each city show the monthly typical home value since January 2018.

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#24. Estancia, New Mexico

- Typical home value: $154,024
- 1-year price change: +20.7%
- 5-year price change: +47.9%

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#23. Moriarty, New Mexico

- Typical home value: $164,670
- 1-year price change: +17.1%
- 5-year price change: +46.8%

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#22. Belen, New Mexico

- Typical home value: $190,744
- 1-year price change: +24.0%
- 5-year price change: +80.4%

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#21. La Jara, New Mexico

- Typical home value: $208,756
- 1-year price change: +21.9%
- 5-year price change: data not available

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#20. Jarales, New Mexico

- Typical home value: $214,742
- 1-year price change: +29.9%
- 5-year price change: +83.4%

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#19. Rio Communities, New Mexico

- Typical home value: $221,077
- 1-year price change: +21.2%
- 5-year price change: +80.4%

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#18. Pena Blanca, New Mexico

- Typical home value: $242,519
- 1-year price change: +2.2%
- 5-year price change: +54.1%

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#17. Cochiti Lake, New Mexico

- Typical home value: $267,894
- 1-year price change: +16.4%
- 5-year price change: +81.5%

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#16. Los Lunas, New Mexico

- Typical home value: $272,881
- 1-year price change: +22.1%
- 5-year price change: +78.7%

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#15. Carnuel, New Mexico

- Typical home value: $294,428
- 1-year price change: +14.7%
- 5-year price change: +71.5%

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#14. Albuquerque, New Mexico

- Typical home value: $315,302
- 1-year price change: +15.1%
- 5-year price change: +62.4%

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#13. Jemez Springs, New Mexico

- Typical home value: $315,655
- 1-year price change: +18.6%
- 5-year price change: +78.8%

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#12. Rio Rancho, New Mexico

- Typical home value: $325,307
- 1-year price change: +18.9%
- 5-year price change: +77.2%

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#11. Peralta, New Mexico

- Typical home value: $326,078
- 1-year price change: +22.6%
- 5-year price change: +75.4%

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#10. Bernalillo, New Mexico

- Typical home value: $332,589
- 1-year price change: +16.1%
- 5-year price change: +68.3%

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#9. Algodones, New Mexico

- Typical home value: $365,782
- 1-year price change: +12.2%
- 5-year price change: +62.4%

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#8. Bosque Farms, New Mexico

- Typical home value: $367,753
- 1-year price change: +19.8%
- 5-year price change: +68.1%

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#7. North Valley, New Mexico

- Typical home value: $374,654
- 1-year price change: +13.0%
- 5-year price change: +62.1%

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#6. Tijeras, New Mexico

- Typical home value: $398,688
- 1-year price change: +9.7%
- 5-year price change: +63.1%

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#5. Cedar Crest, New Mexico

- Typical home value: $422,922
- 1-year price change: +11.6%
- 5-year price change: +57.7%

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#4. Sandia Park, New Mexico

- Typical home value: $466,890
- 1-year price change: +10.5%
- 5-year price change: +58.1%

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#3. Los Ranchos de Albuquerque, New Mexico

- Typical home value: $619,630
- 1-year price change: +13.4%
- 5-year price change: +48.9%

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#2. Placitas, New Mexico

- Typical home value: $642,500
- 1-year price change: +15.6%
- 5-year price change: +67.6%

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#1. Corrales, New Mexico

- Typical home value: $657,590
- 1-year price change: +13.2%
- 5-year price change: +65.5%

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