Cities with the most expensive homes in New Mexico

Written by:
May 30, 2024
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Cities with the most expensive homes in New Mexico

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.

The typical home value in the United States was $359,402 in April, 4.4% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of May 23, the 30-year fixed mortgage rate sits at 6.94%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

Stacker compiled a list of cities with the most expensive homes in New Mexico using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of April 2024. The charts in this story were created automatically using Matplotlib.

Metros with the most cities in the top 30 in New Mexico
#1. Albuquerque, NM: 14
#2. Santa Fe, NM: 6
#3. Taos, NM: 3
#4. Ruidoso, NM: 2
#5. Espa-¦ola, NM: 1
#5. Las Cruces, NM: 1
#5. Los Alamos, NM: 1
#5. Roswell, NM: 1

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Stacker

#30. Bernalillo

- Typical home value: $321,478
- 1-year price change: +4.2%
- 5-year price change: +54.7%
- Metro area: Albuquerque, NM

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#29. Ruidoso

- Typical home value: $323,488
- 1-year price change: -1.9%
- 5-year price change: +44.1%
- Metro area: Ruidoso, NM

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#28. Jemez Springs

- Typical home value: $326,757
- 1-year price change: +5.2%
- 5-year price change: +48.6%
- Metro area: Albuquerque, NM

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#27. Albuquerque

- Typical home value: $332,851
- 1-year price change: +7.2%
- 5-year price change: +63.4%
- Metro area: Albuquerque, NM

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#26. Glorieta

- Typical home value: $343,867
- 1-year price change: +6.7%
- 5-year price change: +47.7%
- Metro area: Santa Fe, NM

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#25. Rio Rancho

- Typical home value: $344,738
- 1-year price change: +6.8%
- 5-year price change: +70.1%
- Metro area: Albuquerque, NM

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#24. Mayhill

- Typical home value: $348,287
- 1-year price change: +9.5%
- 5-year price change: +67.8%
- Metro area: Roswell, NM

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#23. Edgewood

- Typical home value: $356,118
- 1-year price change: +3.5%
- 5-year price change: +52.4%
- Metro area: Santa Fe, NM

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#22. Mesilla Park

- Typical home value: $365,808
- 1-year price change: +4.1%
- 5-year price change: +50.4%
- Metro area: Las Cruces, NM

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#21. Cerrillos

- Typical home value: $370,175
- 1-year price change: +1.0%
- 5-year price change: +41.1%
- Metro area: Santa Fe, NM

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#20. Algodones

- Typical home value: $372,687
- 1-year price change: +3.6%
- 5-year price change: data not available
- Metro area: Albuquerque, NM

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#19. Jemez Pueblo

- Typical home value: $375,328
- 1-year price change: +1.3%
- 5-year price change: data not available
- Metro area: Albuquerque, NM

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#18. Stanley

- Typical home value: $385,936
- 1-year price change: +0.4%
- 5-year price change: +37.2%
- Metro area: Santa Fe, NM

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#17. Abiquiu

- Typical home value: $393,210
- 1-year price change: +2.5%
- 5-year price change: +46.9%
- Metro area: Espa-¦ola, NM

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#16. Ranchos de Taos

- Typical home value: $405,901
- 1-year price change: -0.5%
- 5-year price change: +40.6%
- Metro area: Taos, NM

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#15. Peralta

- Typical home value: $405,986
- 1-year price change: +4.6%
- 5-year price change: +47.0%
- Metro area: Albuquerque, NM

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#14. Tijeras

- Typical home value: $410,413
- 1-year price change: +6.0%
- 5-year price change: +57.3%
- Metro area: Albuquerque, NM

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#13. Bosque Farms

- Typical home value: $420,791
- 1-year price change: +9.4%
- 5-year price change: +69.1%
- Metro area: Albuquerque, NM

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#12. Cedar Crest

- Typical home value: $433,383
- 1-year price change: +6.5%
- 5-year price change: +55.2%
- Metro area: Albuquerque, NM

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#11. Taos

- Typical home value: $464,677
- 1-year price change: -8.7%
- 5-year price change: +30.8%
- Metro area: Taos, NM

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#10. El Prado

- Typical home value: $475,794
- 1-year price change: -4.3%
- 5-year price change: +41.5%
- Metro area: Taos, NM

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#9. Angel Fire

- Typical home value: $484,614
- 1-year price change: +5.3%
- 5-year price change: +74.5%
- Metro area: not in a metro area

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#8. Sandia Park

- Typical home value: $497,816
- 1-year price change: +4.9%
- 5-year price change: +53.8%
- Metro area: Albuquerque, NM

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#7. Alto

- Typical home value: $535,408
- 1-year price change: +3.4%
- 5-year price change: +48.3%
- Metro area: Ruidoso, NM

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#6. Los Alamos

- Typical home value: $550,332
- 1-year price change: +10.6%
- 5-year price change: +59.9%
- Metro area: Los Alamos, NM

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#5. Santa Fe

- Typical home value: $583,598
- 1-year price change: +4.2%
- 5-year price change: +51.9%
- Metro area: Santa Fe, NM

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#4. Placitas

- Typical home value: $648,477
- 1-year price change: +5.4%
- 5-year price change: +55.4%
- Metro area: Albuquerque, NM

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#3. Los Ranchos de Albuquerque

- Typical home value: $650,474
- 1-year price change: +6.0%
- 5-year price change: +55.1%
- Metro area: Albuquerque, NM

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#2. Corrales

- Typical home value: $701,413
- 1-year price change: +6.3%
- 5-year price change: +59.6%
- Metro area: Albuquerque, NM

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#1. Lamy

- Typical home value: $823,294
- 1-year price change: +2.0%
- 5-year price change: +58.5%
- Metro area: Santa Fe, NM

This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 50 states.

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