
Cities with the fastest-growing home prices in New Mexico
Cities with the fastest-growing home prices in New Mexico
Supply and demand drive the real estate market, affecting everything from building and lot values to availability for buyers and sellers. These forces are usually closely aligned with an area's economy, job market, population, demographics, location, interest rates, and several other constantly evolving factors. The coronavirus put an enormous strain on the economy, but created a real estate boom, driven largely by people buying second homes as vacation properties.
Stacker compiled a list of cities with the fastest growing home prices in New Mexico using data from Zillow. Cities are ranked by the change in Zillow Home Values Index for all homes over the last year as of January 2021. Cities in the 15,000 largest markets in the U.S. were considered. Listings and images are from realtor.com.
Keep reading to see if your home city made the list.

#30. Hanover
--- #2 fastest growing home prices among cities in Silver City metro area
- 10 year home price change: +39.0%
- Typical home price: $130,367
--- 43.1% less than typical home price in New Mexico
- Pictured: 25 Kneeling Nun Rd, Hanover ($215,000, 3 bedrooms)

#29. Ranchos de Taos
--- #3 fastest growing home prices among cities in Taos metro area
- 10 year home price change: +59.7%
- Typical home price: $269,897
--- 17.9% above typical home price in state
- Pictured: 7236 State Highway 518, Ranchos de Taos ($990,000, 4 bedrooms)

#28. Fruitland
--- #2 fastest growing home prices among cities in Farmington metro area
- 10 year home price change: +37.3%
- Typical home price: $150,689
--- 34.2% less than typical home price in New Mexico
- Pictured: 42 Road 6700, Fruitland ($294,900, 4 bedrooms)

#27. Taos
--- #2 fastest growing home prices among cities in Taos metro area
- 10 year home price change: +62.1%
- Typical home price: $312,212
--- 36.3% above typical home price in state
- Pictured: 23833 Highway 64 W, Taos ($3.6 million, 12 bedrooms)

#26. Sunland Park
--- #7 fastest growing home prices among cities in Las Cruces metro area
- 10 year home price change: +3.3%
- Typical home price: $135,861
--- 40.7% less than typical home price in New Mexico
- Pictured: 103 Equestrian Ln, Santa Teresa ($889,000, 5 bedrooms)

#25. Los Ranchos de Albuquerque
--- #12 fastest growing home prices among cities in Albuquerque metro area
- 10 year home price change: +34.0%
- Typical home price: $489,855
--- 113.9% above typical home price in state
- Pictured: 5821 Padre Roberto Rd NW, Los Ranchos ($2.8 million, 5 bedrooms)

#24. Mesilla Park
--- #6 fastest growing home prices among cities in Las Cruces metro area
- 10 year home price change: +9.6%
- Typical home price: $269,242
--- 17.6% above typical home price in state
- Pictured: 1332 Bosque Farms Ct, Mesilla Park ($374,900, 4 bedrooms)

#23. Las Cruces
--- #5 fastest growing home prices among cities in Las Cruces metro area
- 10 year home price change: +16.3%
- Typical home price: $198,799
--- 13.2% less than typical home price in New Mexico
- Pictured: 3305 Majestic Rdg, Las Cruces ($985,000, 4 bedrooms)

#22. Ruidoso
--- #3 fastest growing home prices among cities in Ruidoso metro area
- 10 year home price change: +35.5%
- Typical home price: $220,546
--- 3.7% less than typical home price in New Mexico
- Pictured: 101 Homestead Loop, Ruidoso ($1.8 million, 9 bedrooms)

#21. Mesquite
--- #4 fastest growing home prices among cities in Las Cruces metro area
- 10 year home price change: +3.9%
- Typical home price: $146,948
--- 35.8% less than typical home price in New Mexico
- Pictured: 610 Highway 192 W, Mesquite ($561,300, 1 bedrooms)

#20. Chaparral
--- #3 fastest growing home prices among cities in Las Cruces metro area
- 10 year home price change: +15.7%
- Typical home price: $125,613
--- 45.1% less than typical home price in New Mexico
- Pictured: 200 Mesilla View Dr, Chaparral ($179,000, 3 bedrooms)

#19. Kirtland
--- #1 fastest growing home prices among cities in Farmington metro area
- 10 year home price change: +31.8%
- Typical home price: $131,170
--- 42.7% less than typical home price in New Mexico
- Pictured: 3 Road 6052, Farmington ($375,000, 4 bedrooms)

#18. McIntosh
--- #11 fastest growing home prices among cities in Albuquerque metro area
- 10 year home price change: data not available
- Typical home price: $149,177
--- 34.9% less than typical home price in New Mexico
- Pictured: 2 Floyd Dr, Estancia ($249,000, 3 bedrooms)

#17. Ruidoso Downs
--- #2 fastest growing home prices among cities in Ruidoso metro area
- 10 year home price change: +27.3%
- Typical home price: $160,904
--- 29.7% less than typical home price in New Mexico
- Pictured: 120 Highlands Ln, Ruidoso Downs ($424,900, 4 bedrooms)

#16. Albuquerque
--- #10 fastest growing home prices among cities in Albuquerque metro area
- 10 year home price change: +34.6%
- Typical home price: $239,548
--- 4.6% above typical home price in state
- Pictured: 721 Chavez Rd NW, Albuquerque ($2.4 million, 3 bedrooms)

#15. Corrales
--- #9 fastest growing home prices among cities in Albuquerque metro area
- 10 year home price change: +47.3%
- Typical home price: $488,415
--- 113.3% above typical home price in state
- Pictured: 560 Andrews Ln, Corrales ($1.6 million, 3 bedrooms)

#14. Sandia Park
--- #8 fastest growing home prices among cities in Albuquerque metro area
- 10 year home price change: +35.1%
- Typical home price: $377,482
--- 64.8% above typical home price in state
- Pictured: 1501 State Road 344, Sandia Park ($3.5 million, 4 bedrooms)

#13. Laguna
--- #7 fastest growing home prices among cities in Albuquerque metro area
- 10 year home price change: +40.2%
- Typical home price: $56,685
--- 75.2% less than typical home price in New Mexico
- Pictured: 204 Shirk Ln SW, Albuquerque ($550,000, 3 bedrooms)

#12. North Valley
--- #6 fastest growing home prices among cities in Albuquerque metro area
- 10 year home price change: +39.8%
- Typical home price: $285,967
--- 24.9% above typical home price in state
- Pictured: 9804 Bona Terra Loop NW, Albuquerque ($1.4 million, 3 bedrooms)

#11. Rio Rancho
--- #5 fastest growing home prices among cities in Albuquerque metro area
- 10 year home price change: +37.7%
- Typical home price: $235,015
--- 2.6% above typical home price in state
- Pictured: 1401 Bridger Rd NE, Rio Rancho ($1.5 million, 5 bedrooms)

#10. Bayard
--- #1 fastest growing home prices among cities in Silver City metro area
- 10 year home price change: data not available
- Typical home price: $79,488
--- 65.3% less than typical home price in New Mexico
- Pictured: 717 Bard St, Bayard ($147,500, 3 bedrooms)

#9. Stanley
--- #1 fastest growing home prices among cities in Santa Fe metro area
- 10 year home price change: +36.9%
- Typical home price: $302,845
--- 32.3% above typical home price in state
- Pictured: 27 Cross Ranch Rd, Stanley ($1.5 million, 3 bedrooms)

#8. Tijeras
--- #4 fastest growing home prices among cities in Albuquerque metro area
- 10 year home price change: +38.8%
- Typical home price: $323,731
--- 41.4% above typical home price in state
- Pictured: 10 Vallecitos Rd, Tijeras ($1.7 million, 4 bedrooms)

#7. South Valley
--- #3 fastest growing home prices among cities in Albuquerque metro area
- 10 year home price change: +44.0%
- Typical home price: $185,528
--- 19.0% less than typical home price in New Mexico
- Pictured: 1029 Harrison Dr NE, Rio Rancho ($159,900, 2 bedrooms)

#6. Cedar Crest
--- #2 fastest growing home prices among cities in Albuquerque metro area
- 10 year home price change: +38.3%
- Typical home price: $342,751
--- 49.7% above typical home price in state
- Pictured: 11 View Dr, Cedar Crest ($450,000, 2 bedrooms)

#5. Placitas
--- #1 fastest growing home prices among cities in Albuquerque metro area
- 10 year home price change: +25.5%
- Typical home price: $496,795
--- 117.0% above typical home price in state
- Pictured: 37 Agua Sarca Rd, Placitas ($975,000, 4 bedrooms)

#4. Questa
--- #1 fastest growing home prices among cities in Taos metro area
- 10 year home price change: +33.5%
- Typical home price: $223,864
--- 2.2% less than typical home price in New Mexico
- Pictured: 150 Latir, Questa ($1.1 million, 2 bedrooms)

#3. Anthony
--- #2 fastest growing home prices among cities in Las Cruces metro area
- 10 year home price change: +8.0%
- Typical home price: $157,267
--- 31.3% less than typical home price in New Mexico
- Pictured: 200 Casad Rd, Anthony ($1.7 million, 5 bedrooms)

#2. La Mesa
--- #1 fastest growing home prices among cities in Las Cruces metro area
- 10 year home price change: +13.1%
- Typical home price: $195,571
--- 14.6% less than typical home price in New Mexico
- Pictured: 8360 Green Run Rd, La Mesa ($389,900, 3 bedrooms)

#1. Capitan
--- #1 fastest growing home prices among cities in Ruidoso metro area
- 10 year home price change: +71.5%
- Typical home price: $174,910
--- 23.6% less than typical home price in New Mexico
- Pictured: 115 Deer Dr, Alto ($1.3 million, 5 bedrooms)