Cities with the fastest-growing home prices in New Mexico

Written by:
November 21, 2024
FOTOGRIN // Shutterstock

Cities with the fastest-growing home prices in New Mexico

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.

The typical home value in the United States was $358,761 in November, 2.3% 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 New Mexico using data from Zillow. Cities are ranked by the dollar change in the Zillow Home Values Index for all homes from the 12 months ending November 2024. The charts in this story were created automatically using Matplotlib. Data was available for 50 cities and towns in New Mexico.

You may also like: Cities with the most UFO sightings in New Mexico
1 / 50
Stacker

#50. Chaparral

- Typical home value: $203,243
- 1-year price change: +$6,878 (+3.5%)
- 5-year price change: +$78,858 (+63.4%)
- Metro area: Las Cruces, NM

2 / 50
Stacker

#49. Bloomfield

- Typical home value: $221,037
- 1-year price change: +$6,935 (+3.2%)
- 5-year price change: +$34,238 (+18.3%)
- Metro area: Farmington, NM

3 / 50
Stacker

#48. Logan

- Typical home value: $161,211
- 1-year price change: +$7,140 (+4.6%)
- 5-year price change: +$42,410 (+35.7%)
- Metro area: not in a metro area

4 / 50
Stacker

#47. La Plata

- Typical home value: $284,882
- 1-year price change: +$7,889 (+2.8%)
- 5-year price change: data not available
- Metro area: Farmington, NM

5 / 50
Stacker

#46. Deming

- Typical home value: $144,580
- 1-year price change: +$8,265 (+6.1%)
- 5-year price change: +$28,073 (+24.1%)
- Metro area: Deming, NM

You may also like: Counties in New Mexico where landslides pose the greatest threat
6 / 50
Stacker

#45. Kirtland

- Typical home value: $205,253
- 1-year price change: +$8,362 (+4.2%)
- 5-year price change: +$39,984 (+24.2%)
- Metro area: Farmington, NM

7 / 50
Stacker

#44. Roswell

- Typical home value: $151,889
- 1-year price change: +$8,379 (+5.8%)
- 5-year price change: +$29,789 (+24.4%)
- Metro area: Roswell, NM

8 / 50
Stacker

#43. Hillsboro

- Typical home value: $222,444
- 1-year price change: +$8,769 (+4.1%)
- 5-year price change: +$49,315 (+28.5%)
- Metro area: not in a metro area

9 / 50
Stacker

#42. Sunland Park

- Typical home value: $222,743
- 1-year price change: +$8,797 (+4.1%)
- 5-year price change: +$96,214 (+76.0%)
- Metro area: Las Cruces, NM

10 / 50
Stacker

#41. Cochiti Lake

- Typical home value: $276,753
- 1-year price change: +$8,865 (+3.3%)
- 5-year price change: +$112,131 (+68.1%)
- Metro area: Albuquerque, NM

You may also like: Cities with the most expensive homes in New Mexico
11 / 50
Stacker

#40. Anthony

- Typical home value: $224,002
- 1-year price change: +$9,174 (+4.3%)
- 5-year price change: +$87,593 (+64.2%)
- Metro area: Las Cruces, NM

12 / 50
Stacker

#39. Aztec

- Typical home value: $241,922
- 1-year price change: +$9,638 (+4.1%)
- 5-year price change: +$42,294 (+21.2%)
- Metro area: Farmington, NM

13 / 50
Stacker

#38. Santa Fe

- Typical home value: $568,367
- 1-year price change: +$10,221 (+1.8%)
- 5-year price change: +$178,625 (+45.8%)
- Metro area: Santa Fe, NM

14 / 50
Stacker

#37. Taos Ski Valley

- Typical home value: $530,702
- 1-year price change: +$10,305 (+2.0%)
- 5-year price change: data not available
- Metro area: Taos, NM

15 / 50
Stacker

#36. Mesquite

- Typical home value: $211,304
- 1-year price change: +$10,367 (+5.2%)
- 5-year price change: +$88,695 (+72.3%)
- Metro area: Las Cruces, NM

You may also like: Most common settings for foodborne outbreaks in New Mexico
16 / 50
Stacker

#35. Angel Fire

- Typical home value: $484,351
- 1-year price change: +$10,409 (+2.2%)
- 5-year price change: +$196,519 (+68.3%)
- Metro area: not in a metro area

17 / 50
Stacker

#34. Timberon

- Typical home value: $191,251
- 1-year price change: +$10,595 (+5.9%)
- 5-year price change: +$78,624 (+69.8%)
- Metro area: Alamogordo, NM

18 / 50
Stacker

#33. Edgewood

- Typical home value: $360,086
- 1-year price change: +$10,649 (+3.0%)
- 5-year price change: +$117,070 (+48.2%)
- Metro area: Santa Fe, NM

19 / 50
Stacker

#32. Los Lunas

- Typical home value: $309,678
- 1-year price change: +$10,670 (+3.6%)
- 5-year price change: +$116,228 (+60.1%)
- Metro area: Albuquerque, NM

20 / 50
Stacker

#31. Sandia Park

- Typical home value: $499,303
- 1-year price change: +$10,943 (+2.2%)
- 5-year price change: +$163,355 (+48.6%)
- Metro area: Albuquerque, NM

You may also like: Where refugees in New Mexico are arriving from
21 / 50
Stacker

#30. Tijeras

- Typical home value: $413,371
- 1-year price change: +$10,991 (+2.7%)
- 5-year price change: +$143,468 (+53.2%)
- Metro area: Albuquerque, NM

22 / 50
Stacker

#29. Corrales

- Typical home value: $675,376
- 1-year price change: +$11,184 (+1.7%)
- 5-year price change: +$239,882 (+55.1%)
- Metro area: Albuquerque, NM

23 / 50
Stacker

#28. Red River

- Typical home value: $399,867
- 1-year price change: +$11,299 (+2.9%)
- 5-year price change: data not available
- Metro area: Taos, NM

24 / 50
Stacker

#27. Albuquerque

- Typical home value: $328,992
- 1-year price change: +$11,616 (+3.7%)
- 5-year price change: +$123,675 (+60.2%)
- Metro area: Albuquerque, NM

25 / 50
Stacker

#26. Cedar Crest

- Typical home value: $435,457
- 1-year price change: +$11,770 (+2.8%)
- 5-year price change: +$147,029 (+51.0%)
- Metro area: Albuquerque, NM

You may also like: Counties with the highest unemployment in New Mexico
26 / 50
Stacker

#25. La Luz

- Typical home value: $261,140
- 1-year price change: +$12,325 (+5.0%)
- 5-year price change: +$98,553 (+60.6%)
- Metro area: Alamogordo, NM

27 / 50
Stacker

#24. Las Vegas

- Typical home value: $202,931
- 1-year price change: +$12,397 (+6.5%)
- 5-year price change: +$48,389 (+31.3%)
- Metro area: Las Vegas, NM

28 / 50
Stacker

#23. Alamogordo

- Typical home value: $213,917
- 1-year price change: +$12,479 (+6.2%)
- 5-year price change: +$84,314 (+65.1%)
- Metro area: Alamogordo, NM

29 / 50
Stacker

#22. Rio Rancho

- Typical home value: $346,028
- 1-year price change: +$12,548 (+3.8%)
- 5-year price change: +$138,617 (+66.8%)
- Metro area: Albuquerque, NM

30 / 50
Stacker

#21. Flora Vista

- Typical home value: $276,528
- 1-year price change: +$12,661 (+4.8%)
- 5-year price change: +$69,068 (+33.3%)
- Metro area: Farmington, NM

You may also like: The most popular poker players in New Mexico
31 / 50
Stacker

#20. Waterflow

- Typical home value: $221,651
- 1-year price change: +$12,875 (+6.2%)
- 5-year price change: data not available
- Metro area: Farmington, NM

32 / 50
Stacker

#19. Elephant Butte

- Typical home value: $215,845
- 1-year price change: +$12,977 (+6.4%)
- 5-year price change: +$75,847 (+54.2%)
- Metro area: not in a metro area

33 / 50
Stacker

#18. Fruitland

- Typical home value: $255,306
- 1-year price change: +$13,295 (+5.5%)
- 5-year price change: data not available
- Metro area: Farmington, NM

34 / 50
Stacker

#17. Lamy

- Typical home value: $828,162
- 1-year price change: +$13,529 (+1.7%)
- 5-year price change: +$293,488 (+54.9%)
- Metro area: Santa Fe, NM

35 / 50
Stacker

#16. Bosque Farms

- Typical home value: $392,043
- 1-year price change: +$13,807 (+3.7%)
- 5-year price change: +$144,681 (+58.5%)
- Metro area: Albuquerque, NM

You may also like: Highest-rated breweries in New Mexico
36 / 50
Stacker

#15. Sapello

- Typical home value: $327,458
- 1-year price change: +$14,106 (+4.5%)
- 5-year price change: data not available
- Metro area: Las Vegas, NM

37 / 50
Stacker

#14. Tularosa

- Typical home value: $172,278
- 1-year price change: +$14,146 (+8.9%)
- 5-year price change: +$70,925 (+70.0%)
- Metro area: Alamogordo, NM

38 / 50
Stacker

#13. Rociada

- Typical home value: $334,279
- 1-year price change: +$14,400 (+4.5%)
- 5-year price change: data not available
- Metro area: Las Vegas, NM

39 / 50
Stacker

#12. Glorieta

- Typical home value: $327,893
- 1-year price change: +$14,921 (+4.8%)
- 5-year price change: +$101,988 (+45.1%)
- Metro area: Santa Fe, NM

40 / 50
Stacker

#11. San Jose

- Typical home value: $269,894
- 1-year price change: +$16,760 (+6.6%)
- 5-year price change: data not available
- Metro area: Las Vegas, NM

You may also like: How many people are receiving substance use treatment in New Mexico
41 / 50
Stacker

#10. Farmington

- Typical home value: $256,697
- 1-year price change: +$16,832 (+7.0%)
- 5-year price change: +$76,697 (+42.6%)
- Metro area: Farmington, NM

42 / 50
Stacker

#9. Los Ranchos de Albuquerque

- Typical home value: $646,025
- 1-year price change: +$19,024 (+3.0%)
- 5-year price change: +$224,378 (+53.2%)
- Metro area: Albuquerque, NM

43 / 50
Stacker

#8. Rio Communities

- Typical home value: $257,739
- 1-year price change: +$19,306 (+8.1%)
- 5-year price change: +$118,470 (+85.1%)
- Metro area: Albuquerque, NM

44 / 50
Stacker

#7. Espanola

- Typical home value: $317,548
- 1-year price change: +$19,518 (+6.5%)
- 5-year price change: +$106,240 (+50.3%)
- Metro area: Espa-¦ola, NM

45 / 50
Stacker

#6. Cloudcroft

- Typical home value: $305,142
- 1-year price change: +$19,947 (+7.0%)
- 5-year price change: +$127,436 (+71.7%)
- Metro area: Alamogordo, NM

You may also like: Seniors in these New Mexico counties have the highest Alzheimer's rates
46 / 50
Stacker

#5. Mayhill

- Typical home value: $357,059
- 1-year price change: +$20,073 (+6.0%)
- 5-year price change: +$148,181 (+70.9%)
- Metro area: Roswell, NM

47 / 50
Stacker

#4. Peralta

- Typical home value: $390,452
- 1-year price change: +$21,308 (+5.8%)
- 5-year price change: +$117,540 (+43.1%)
- Metro area: Albuquerque, NM

48 / 50
Stacker

#3. Arroyo Seco

- Typical home value: $613,658
- 1-year price change: +$28,451 (+4.9%)
- 5-year price change: data not available
- Metro area: Taos, NM

49 / 50
Stacker

#2. Pecos

- Typical home value: $352,062
- 1-year price change: +$29,008 (+9.0%)
- 5-year price change: data not available
- Metro area: Las Vegas, NM

50 / 50
Stacker

#1. Los Alamos

- Typical home value: $581,049
- 1-year price change: +$45,489 (+8.5%)
- 5-year price change: +$210,586 (+56.8%)
- Metro area: Los Alamos, NM

You may also like: Best amusement parks in New Mexico

Trending Now