Cities with the fastest-growing home prices in New Mexico

Written by:
March 17, 2021
realtor.com

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.

1 / 30
realtor.com

#30. Hanover

- 1 year home price change: +9.9%
--- #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)
2 / 30
realtor.com

#29. Ranchos de Taos

- 1 year home price change: +10.1%
--- #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)
3 / 30
realtor.com

#28. Fruitland

- 1 year home price change: +10.2%
--- #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)
4 / 30
realtor.com

#27. Taos

- 1 year home price change: +10.9%
--- #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)
5 / 30
realtor.com

#26. Sunland Park

- 1 year home price change: +11.1%
--- #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)
6 / 30
realtor.com

#25. Los Ranchos de Albuquerque

- 1 year home price change: +11.2%
--- #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)
7 / 30
realtor.com

#24. Mesilla Park

- 1 year home price change: +11.4%
--- #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)
8 / 30
realtor.com

#23. Las Cruces

- 1 year home price change: +11.6%
--- #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)
9 / 30
realtor.com

#22. Ruidoso

- 1 year home price change: +11.6%
--- #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)
10 / 30
realtor.com

#21. Mesquite

- 1 year home price change: +11.7%
--- #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)
11 / 30
realtor.com

#20. Chaparral

- 1 year home price change: +11.8%
--- #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)
12 / 30
realtor.com

#19. Kirtland

- 1 year home price change: +11.9%
--- #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)
13 / 30
realtor.com

#18. McIntosh

- 1 year home price change: +12.1%
--- #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)
14 / 30
realtor.com

#17. Ruidoso Downs

- 1 year home price change: +12.3%
--- #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)
15 / 30
realtor.com

#16. Albuquerque

- 1 year home price change: +12.5%
--- #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)
16 / 30
realtor.com

#15. Corrales

- 1 year home price change: +12.5%
--- #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)
17 / 30
realtor.com

#14. Sandia Park

- 1 year home price change: +13.1%
--- #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)
18 / 30
realtor.com

#13. Laguna

- 1 year home price change: +13.5%
--- #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)
19 / 30
realtor.com

#12. North Valley

- 1 year home price change: +13.8%
--- #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)
20 / 30
realtor.com

#11. Rio Rancho

- 1 year home price change: +14.0%
--- #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)
21 / 30
realtor.com

#10. Bayard

- 1 year home price change: +14.2%
--- #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)
22 / 30
realtor.com

#9. Stanley

- 1 year home price change: +14.6%
--- #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)
23 / 30
realtor.com

#8. Tijeras

- 1 year home price change: +15.0%
--- #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)
24 / 30
realtor.com

#7. South Valley

- 1 year home price change: +15.2%
--- #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)
25 / 30
realtor.com

#6. Cedar Crest

- 1 year home price change: +15.3%
--- #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)
26 / 30
realtor.com

#5. Placitas

- 1 year home price change: +15.4%
--- #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)
27 / 30
realtor.com

#4. Questa

- 1 year home price change: +15.9%
--- #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)
28 / 30
realtor.com

#3. Anthony

- 1 year home price change: +16.3%
--- #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)
29 / 30
realtor.com

#2. La Mesa

- 1 year home price change: +19.5%
--- #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)
30 / 30
realtor.com

#1. Capitan

- 1 year home price change: +22.9%
--- #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)

Trending Now