Cities with the fastest-growing home prices in New Mexico

Written by:
Stacker
September 23, 2024
ungvar // 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 $362,143 in August, 2.5% 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 August 2024. The charts in this story were created automatically using Matplotlib. Data was available for 50 cities and towns in New Mexico.

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#50. Clayton

- Typical home value: $96,955
- 1-year price change: +$5,098 (+5.5%)
- 5-year price change: +$19,603 (+25.3%)
- Metro area: not in a metro area

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#49. Mesilla Park

- Typical home value: $368,172
- 1-year price change: +$5,683 (+1.6%)
- 5-year price change: +$121,754 (+49.4%)
- Metro area: Las Cruces, NM

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#48. Truth or Consequences

- Typical home value: $147,097
- 1-year price change: +$5,733 (+4.1%)
- 5-year price change: +$48,703 (+49.5%)
- Metro area: not in a metro area

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#47. Santa Teresa

- Typical home value: $310,313
- 1-year price change: +$6,296 (+2.1%)
- 5-year price change: +$103,385 (+50.0%)
- Metro area: Las Cruces, NM

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#46. Edgewood

- Typical home value: $359,989
- 1-year price change: +$7,410 (+2.1%)
- 5-year price change: +$116,760 (+48.0%)
- Metro area: Santa Fe, NM

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#45. Elephant Butte

- Typical home value: $213,765
- 1-year price change: +$7,550 (+3.7%)
- 5-year price change: +$72,534 (+51.4%)
- Metro area: not in a metro area

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#44. Anthony

- Typical home value: $229,477
- 1-year price change: +$7,562 (+3.4%)
- 5-year price change: +$88,166 (+62.4%)
- Metro area: Las Cruces, NM

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#43. Jemez Springs

- Typical home value: $330,032
- 1-year price change: +$7,685 (+2.4%)
- 5-year price change: +$101,189 (+44.2%)
- Metro area: Albuquerque, NM

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#42. Flora Vista

- Typical home value: $270,395
- 1-year price change: +$8,172 (+3.1%)
- 5-year price change: +$66,503 (+32.6%)
- Metro area: Farmington, NM

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#41. Carnuel

- Typical home value: $303,532
- 1-year price change: +$8,244 (+2.8%)
- 5-year price change: +$106,923 (+54.4%)
- Metro area: Albuquerque, NM

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#40. Sacramento

- Typical home value: $238,580
- 1-year price change: +$8,419 (+3.7%)
- 5-year price change: +$88,557 (+59.0%)
- Metro area: Alamogordo, NM

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#39. Deming

- Typical home value: $136,184
- 1-year price change: +$8,551 (+6.7%)
- 5-year price change: +$29,901 (+28.1%)
- Metro area: Deming, NM

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#38. Belen

- Typical home value: $247,685
- 1-year price change: +$8,578 (+3.6%)
- 5-year price change: +$95,580 (+62.8%)
- Metro area: Albuquerque, NM

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#37. Alamogordo

- Typical home value: $212,201
- 1-year price change: +$8,796 (+4.3%)
- 5-year price change: +$79,141 (+59.5%)
- Metro area: Alamogordo, NM

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#36. Alto

- Typical home value: $535,625
- 1-year price change: +$8,868 (+1.7%)
- 5-year price change: +$180,752 (+50.9%)
- Metro area: Ruidoso, NM

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#35. La Plata

- Typical home value: $280,851
- 1-year price change: +$9,749 (+3.6%)
- 5-year price change: data not available
- Metro area: Farmington, NM

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#34. Aztec

- Typical home value: $243,454
- 1-year price change: +$9,804 (+4.2%)
- 5-year price change: +$40,190 (+19.8%)
- Metro area: Farmington, NM

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#33. Placitas

- Typical home value: $641,320
- 1-year price change: +$10,158 (+1.6%)
- 5-year price change: +$218,454 (+51.7%)
- Metro area: Albuquerque, NM

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#32. Cochiti Lake

- Typical home value: $279,267
- 1-year price change: +$10,712 (+4.0%)
- 5-year price change: +$110,423 (+65.4%)
- Metro area: Albuquerque, NM

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#31. Las Vegas

- Typical home value: $192,884
- 1-year price change: +$10,818 (+5.9%)
- 5-year price change: +$43,795 (+29.4%)
- Metro area: Las Vegas, NM

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#30. Santa Fe

- Typical home value: $581,985
- 1-year price change: +$11,078 (+1.9%)
- 5-year price change: +$187,149 (+47.4%)
- Metro area: Santa Fe, NM

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#29. Waterflow

- Typical home value: $227,230
- 1-year price change: +$11,126 (+5.1%)
- 5-year price change: data not available
- Metro area: Farmington, NM

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#28. Sandia Park

- Typical home value: $495,492
- 1-year price change: +$11,150 (+2.3%)
- 5-year price change: +$164,883 (+49.9%)
- Metro area: Albuquerque, NM

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#27. Timberon

- Typical home value: $185,060
- 1-year price change: +$11,397 (+6.6%)
- 5-year price change: +$71,750 (+63.3%)
- Metro area: Alamogordo, NM

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#26. Mesquite

- Typical home value: $212,231
- 1-year price change: +$11,509 (+5.7%)
- 5-year price change: +$88,129 (+71.0%)
- Metro area: Las Cruces, NM

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#25. Tularosa

- Typical home value: $164,394
- 1-year price change: +$11,896 (+7.8%)
- 5-year price change: +$63,227 (+62.5%)
- Metro area: Alamogordo, NM

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#24. Fruitland

- Typical home value: $257,609
- 1-year price change: +$11,927 (+4.9%)
- 5-year price change: data not available
- Metro area: Farmington, NM

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#23. Peralta

- Typical home value: $407,608
- 1-year price change: +$12,561 (+3.2%)
- 5-year price change: +$119,954 (+41.7%)
- Metro area: Albuquerque, NM

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#22. Sunland Park

- Typical home value: $224,326
- 1-year price change: +$13,177 (+6.2%)
- 5-year price change: +$98,509 (+78.3%)
- Metro area: Las Cruces, NM

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#21. Tijeras

- Typical home value: $412,541
- 1-year price change: +$13,535 (+3.4%)
- 5-year price change: +$144,512 (+53.9%)
- Metro area: Albuquerque, NM

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#20. Los Lunas

- Typical home value: $308,317
- 1-year price change: +$13,612 (+4.6%)
- 5-year price change: +$116,193 (+60.5%)
- Metro area: Albuquerque, NM

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#19. Rio Rancho

- Typical home value: $344,296
- 1-year price change: +$13,655 (+4.1%)
- 5-year price change: +$138,318 (+67.2%)
- Metro area: Albuquerque, NM

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#18. Cedar Crest

- Typical home value: $438,334
- 1-year price change: +$14,394 (+3.4%)
- 5-year price change: +$149,731 (+51.9%)
- Metro area: Albuquerque, NM

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#17. Albuquerque

- Typical home value: $331,357
- 1-year price change: +$14,531 (+4.6%)
- 5-year price change: +$125,688 (+61.1%)
- Metro area: Albuquerque, NM

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#16. Cloudcroft

- Typical home value: $306,601
- 1-year price change: +$14,656 (+5.0%)
- 5-year price change: +$125,261 (+69.1%)
- Metro area: Alamogordo, NM

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#15. La Luz

- Typical home value: $263,829
- 1-year price change: +$15,103 (+6.1%)
- 5-year price change: +$97,054 (+58.2%)
- Metro area: Alamogordo, NM

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#14. Mayhill

- Typical home value: $357,407
- 1-year price change: +$15,657 (+4.6%)
- 5-year price change: +$140,962 (+65.1%)
- Metro area: Roswell, NM

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#13. Farmington

- Typical home value: $257,382
- 1-year price change: +$15,784 (+6.5%)
- 5-year price change: +$74,255 (+40.5%)
- Metro area: Farmington, NM

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#12. Angel Fire

- Typical home value: $482,950
- 1-year price change: +$16,138 (+3.5%)
- 5-year price change: +$197,533 (+69.2%)
- Metro area: not in a metro area

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#11. Los Ranchos de Albuquerque

- Typical home value: $647,566
- 1-year price change: +$16,209 (+2.6%)
- 5-year price change: +$218,227 (+50.8%)
- Metro area: Albuquerque, NM

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#10. Rociada

- Typical home value: $339,011
- 1-year price change: +$16,471 (+5.1%)
- 5-year price change: data not available
- Metro area: Las Vegas, NM

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#9. Sapello

- Typical home value: $324,380
- 1-year price change: +$16,986 (+5.5%)
- 5-year price change: data not available
- Metro area: Las Vegas, NM

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#8. Corrales

- Typical home value: $690,111
- 1-year price change: +$17,423 (+2.6%)
- 5-year price change: +$244,836 (+55.0%)
- Metro area: Albuquerque, NM

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#7. Espanola

- Typical home value: $301,747
- 1-year price change: +$18,474 (+6.5%)
- 5-year price change: +$98,295 (+48.3%)
- Metro area: Espa-¦ola, NM

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#6. San Jose

- Typical home value: $288,306
- 1-year price change: +$19,158 (+7.1%)
- 5-year price change: data not available
- Metro area: Las Vegas, NM

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#5. Rio Communities

- Typical home value: $257,133
- 1-year price change: +$20,783 (+8.8%)
- 5-year price change: +$117,200 (+83.8%)
- Metro area: Albuquerque, NM

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#4. Bosque Farms

- Typical home value: $417,926
- 1-year price change: +$21,279 (+5.4%)
- 5-year price change: +$155,952 (+59.5%)
- Metro area: Albuquerque, NM

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#3. Glorieta

- Typical home value: $338,136
- 1-year price change: +$21,951 (+6.9%)
- 5-year price change: +$104,727 (+44.9%)
- Metro area: Santa Fe, NM

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#2. Los Alamos

- Typical home value: $560,747
- 1-year price change: +$43,515 (+8.4%)
- 5-year price change: +$207,888 (+58.9%)
- Metro area: Los Alamos, NM

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#1. Pecos

- Typical home value: $366,094
- 1-year price change: +$43,813 (+13.6%)
- 5-year price change: data not available
- Metro area: Las Vegas, NM

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