Cities with the fastest-growing home prices in New Mexico
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 $347,972 in October, 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 October 2023. The charts in this story were created automatically using Matplotlib. Data was available for 50 cities and towns in New Mexico.
#50. Sacramento
- Typical home value: $244,338
- 1-year price change: +$6,324 (+2.7%)
- 5-year price change: data not available
- Metro area: Alamogordo, NM
#49. Hurley
- Typical home value: $107,669
- 1-year price change: +$6,731 (+6.7%)
- 5-year price change: +$36,288 (+50.8%)
- Metro area: Silver City, NM
#48. Glorieta
- Typical home value: $328,214
- 1-year price change: +$7,304 (+2.3%)
- 5-year price change: +$102,941 (+45.7%)
- Metro area: Santa Fe, NM
#47. Tularosa
- Typical home value: $151,237
- 1-year price change: +$7,430 (+5.2%)
- 5-year price change: +$61,076 (+67.7%)
- Metro area: Alamogordo, NM
#46. Fruitland
- Typical home value: $238,645
- 1-year price change: +$7,779 (+3.4%)
- 5-year price change: data not available
- Metro area: Farmington, NM
#45. Espanola
- Typical home value: $296,086
- 1-year price change: +$7,916 (+2.7%)
- 5-year price change: +$95,892 (+47.9%)
- Metro area: Espa-¦ola, NM
#44. La Plata
- Typical home value: $270,608
- 1-year price change: +$8,017 (+3.1%)
- 5-year price change: data not available
- Metro area: Farmington, NM
#43. Stanley
- Typical home value: $386,969
- 1-year price change: +$8,084 (+2.1%)
- 5-year price change: data not available
- Metro area: Santa Fe, NM
#42. Pena Blanca
- Typical home value: $266,632
- 1-year price change: +$8,344 (+3.2%)
- 5-year price change: data not available
- Metro area: Albuquerque, NM
#41. Los Lunas
- Typical home value: $298,049
- 1-year price change: +$8,565 (+3.0%)
- 5-year price change: +$122,384 (+69.7%)
- Metro area: Albuquerque, NM
#40. Timberon
- Typical home value: $174,005
- 1-year price change: +$8,674 (+5.2%)
- 5-year price change: data not available
- Metro area: Alamogordo, NM
#39. Alamogordo
- Typical home value: $200,708
- 1-year price change: +$9,258 (+4.8%)
- 5-year price change: +$77,058 (+62.3%)
- Metro area: Alamogordo, NM
#38. Cerrillos
- Typical home value: $370,621
- 1-year price change: +$9,787 (+2.7%)
- 5-year price change: +$125,931 (+51.5%)
- Metro area: Santa Fe, NM
#37. La Luz
- Typical home value: $252,598
- 1-year price change: +$9,868 (+4.1%)
- 5-year price change: data not available
- Metro area: Alamogordo, NM
#36. Sandia Park
- Typical home value: $484,447
- 1-year price change: +$10,964 (+2.3%)
- 5-year price change: +$181,671 (+60.0%)
- Metro area: Albuquerque, NM
#35. Rio Rancho
- Typical home value: $328,617
- 1-year price change: +$11,765 (+3.7%)
- 5-year price change: +$135,668 (+70.3%)
- Metro area: Albuquerque, NM
#34. San Jose
- Typical home value: $262,464
- 1-year price change: +$11,878 (+4.7%)
- 5-year price change: data not available
- Metro area: Las Vegas, NM
#33. Bernalillo
- Typical home value: $312,259
- 1-year price change: +$12,338 (+4.1%)
- 5-year price change: +$115,529 (+58.7%)
- Metro area: Albuquerque, NM
#32. Santa Fe
- Typical home value: $571,513
- 1-year price change: +$13,317 (+2.4%)
- 5-year price change: +$216,890 (+61.2%)
- Metro area: Santa Fe, NM
#31. La Mesa
- Typical home value: $288,822
- 1-year price change: +$13,585 (+4.9%)
- 5-year price change: +$95,582 (+49.5%)
- Metro area: Las Cruces, NM
#30. Mayhill
- Typical home value: $331,530
- 1-year price change: +$13,988 (+4.4%)
- 5-year price change: data not available
- Metro area: Roswell, NM
#29. Cedar Crest
- Typical home value: $429,432
- 1-year price change: +$14,402 (+3.5%)
- 5-year price change: +$160,068 (+59.4%)
- Metro area: Albuquerque, NM
#28. Lamy
- Typical home value: $823,524
- 1-year price change: +$14,434 (+1.8%)
- 5-year price change: +$334,599 (+68.4%)
- Metro area: Santa Fe, NM
#27. Tijeras
- Typical home value: $400,986
- 1-year price change: +$14,473 (+3.7%)
- 5-year price change: +$152,824 (+61.6%)
- Metro area: Albuquerque, NM
#26. Bosque Farms
- Typical home value: $402,922
- 1-year price change: +$14,474 (+3.7%)
- 5-year price change: +$176,528 (+78.0%)
- Metro area: Albuquerque, NM
#25. Chaparral
- Typical home value: $184,122
- 1-year price change: +$14,914 (+8.8%)
- 5-year price change: +$71,985 (+64.2%)
- Metro area: Las Cruces, NM
#24. Chimayo
- Typical home value: $291,050
- 1-year price change: +$15,185 (+5.5%)
- 5-year price change: +$88,510 (+43.7%)
- Metro area: Espa-¦ola, NM
#23. Albuquerque
- Typical home value: $321,090
- 1-year price change: +$15,849 (+5.2%)
- 5-year price change: +$126,173 (+64.7%)
- Metro area: Albuquerque, NM
#22. Farmington
- Typical home value: $236,144
- 1-year price change: +$16,043 (+7.3%)
- 5-year price change: +$63,537 (+36.8%)
- Metro area: Farmington, NM
#21. Santa Cruz
- Typical home value: $314,332
- 1-year price change: +$16,205 (+5.4%)
- 5-year price change: +$104,066 (+49.5%)
- Metro area: Santa Fe, NM
#20. Santa Teresa
- Typical home value: $301,371
- 1-year price change: +$16,441 (+5.8%)
- 5-year price change: +$100,674 (+50.2%)
- Metro area: Las Cruces, NM
#19. Cochiti Lake
- Typical home value: $271,709
- 1-year price change: +$16,907 (+6.6%)
- 5-year price change: +$112,903 (+71.1%)
- Metro area: Albuquerque, NM
#18. Pecos
- Typical home value: $336,923
- 1-year price change: +$17,211 (+5.4%)
- 5-year price change: data not available
- Metro area: Las Vegas, NM
#17. Jemez Springs
- Typical home value: $322,720
- 1-year price change: +$17,328 (+5.7%)
- 5-year price change: +$103,950 (+47.5%)
- Metro area: Albuquerque, NM
#16. Garfield
- Typical home value: $185,879
- 1-year price change: +$19,336 (+11.6%)
- 5-year price change: +$76,048 (+69.2%)
- Metro area: Las Cruces, NM
#15. Carnuel
- Typical home value: $293,684
- 1-year price change: +$19,367 (+7.1%)
- 5-year price change: data not available
- Metro area: Albuquerque, NM
#14. Anthony
- Typical home value: $218,444
- 1-year price change: +$19,489 (+9.8%)
- 5-year price change: +$84,344 (+62.9%)
- Metro area: Las Cruces, NM
#13. Rio Communities
- Typical home value: $241,293
- 1-year price change: +$20,264 (+9.2%)
- 5-year price change: +$111,785 (+86.3%)
- Metro area: Albuquerque, NM
#12. Las Cruces
- Typical home value: $281,919
- 1-year price change: +$20,278 (+7.8%)
- 5-year price change: +$105,835 (+60.1%)
- Metro area: Las Cruces, NM
#11. Mesilla Park
- Typical home value: $361,357
- 1-year price change: +$20,758 (+6.1%)
- 5-year price change: +$118,601 (+48.9%)
- Metro area: Las Cruces, NM
#10. Los Ranchos de Albuquerque
- Typical home value: $621,424
- 1-year price change: +$22,539 (+3.8%)
- 5-year price change: +$223,748 (+56.3%)
- Metro area: Albuquerque, NM
#9. Cloudcroft
- Typical home value: $289,117
- 1-year price change: +$23,822 (+9.0%)
- 5-year price change: +$117,182 (+68.2%)
- Metro area: Alamogordo, NM
#8. Los Alamos
- Typical home value: $521,014
- 1-year price change: +$24,101 (+4.9%)
- 5-year price change: +$186,121 (+55.6%)
- Metro area: Los Alamos, NM
#7. Vado
- Typical home value: $247,222
- 1-year price change: +$25,147 (+11.3%)
- 5-year price change: +$88,906 (+56.2%)
- Metro area: Las Cruces, NM
#6. Mesquite
- Typical home value: $203,698
- 1-year price change: +$25,304 (+14.2%)
- 5-year price change: +$81,074 (+66.1%)
- Metro area: Las Cruces, NM
#5. Sunland Park
- Typical home value: $211,034
- 1-year price change: +$26,213 (+14.2%)
- 5-year price change: +$91,482 (+76.5%)
- Metro area: Las Cruces, NM
#4. Corrales
- Typical home value: $668,575
- 1-year price change: +$29,122 (+4.6%)
- 5-year price change: +$258,086 (+62.9%)
- Metro area: Albuquerque, NM
#3. Placitas
- Typical home value: $629,015
- 1-year price change: +$29,174 (+4.9%)
- 5-year price change: +$228,908 (+57.2%)
- Metro area: Albuquerque, NM
#2. Sapello
- Typical home value: $339,840
- 1-year price change: +$31,289 (+10.1%)
- 5-year price change: data not available
- Metro area: Las Vegas, NM
#1. Alto
- Typical home value: $542,774
- 1-year price change: +$42,061 (+8.4%)
- 5-year price change: +$159,212 (+41.5%)
- Metro area: Ruidoso, NM
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 50 states.
