Cities with the most expensive homes in the Albuquerque metro area
Cities with the most expensive homes in the 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. But with home prices reaching record heights affordability plays a huge role for buyers.
The typical home value in the United States was a record $351,423 in August, 1.3% higher than the year before. High mortgage rates are also making monthly payments more expensive; as of Sept. 21, the 30-year fixed mortgage rate sits at 7.19%.
Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
Stacker compiled a list of cities with the most expensive homes in the Albuquerque metro area using data from Zillow. Charts show the monthly typical home value since January 2018.
#20. Moriarty, NM
- Typical home value: $213,874
- 1-year price change: -4.5%
- 5-year price change: +42.8%
#19. Rio Communities, NM
- Typical home value: $240,812
- 1-year price change: +7.1%
- 5-year price change: +86.5%
#18. Belen, NM
- Typical home value: $244,873
- 1-year price change: -0.6%
- 5-year price change: +72.9%
#17. Pena Blanca, NM
- Typical home value: $269,400
- 1-year price change: +0.8%
- 5-year price change: data not available
#16. Cochiti Lake, NM
- Typical home value: $269,615
- 1-year price change: +5.2%
- 5-year price change: +67.7%
#15. Los Lunas, NM
- Typical home value: $292,408
- 1-year price change: +1.2%
- 5-year price change: +69.6%
#14. Carnuel, NM
- Typical home value: $294,275
- 1-year price change: +5.4%
- 5-year price change: data not available
#13. Bernalillo, NM
- Typical home value: $316,534
- 1-year price change: +2.8%
- 5-year price change: +59.4%
#12. Jemez Springs, NM
- Typical home value: $316,978
- 1-year price change: +2.7%
- 5-year price change: +49.8%
#11. Albuquerque, NM
- Typical home value: $322,092
- 1-year price change: +3.2%
- 5-year price change: +63.9%
#10. Rio Rancho, NM
- Typical home value: $328,947
- 1-year price change: +2.1%
- 5-year price change: +69.9%
#9. Algodones, NM
- Typical home value: $360,898
- 1-year price change: -2.9%
- 5-year price change: data not available
#8. Peralta, NM
- Typical home value: $382,879
- 1-year price change: -3.7%
- 5-year price change: +54.0%
#7. Bosque Farms, NM
- Typical home value: $398,007
- 1-year price change: +1.8%
- 5-year price change: +76.2%
#6. Tijeras, NM
- Typical home value: $404,441
- 1-year price change: +1.0%
- 5-year price change: +60.7%
#5. Cedar Crest, NM
- Typical home value: $425,933
- 1-year price change: +1.6%
- 5-year price change: +59.0%
#4. Sandia Park, NM
- Typical home value: $489,347
- 1-year price change: +0.6%
- 5-year price change: +60.2%
#3. Los Ranchos de Albuquerque, NM
- Typical home value: $623,194
- 1-year price change: +1.2%
- 5-year price change: +54.8%
#2. Placitas, NM
- Typical home value: $635,343
- 1-year price change: +2.6%
- 5-year price change: +55.7%
#1. Corrales, NM
- Typical home value: $668,263
- 1-year price change: +2.4%
- 5-year price change: +61.5%
This story features data reporting and writing by Elena Cox, and is part of a series utilizing data automation across 379 metros.
