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1 / 30#30. Espanola
- Typical home value: $347,688
- 1-year price change: +5.6%
- 5-year price change: +35.5%
- Metro area: Espa±ola, NM
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 $369,678 in August, 1.3% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of September 10, the 30-year fixed mortgage rate sits at 6.76%.
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 August 2026. 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: 11
#2. Santa Fe, NM: 6
#3. Las Vegas, NM: 3
#3. Taos, NM: 3
#5. Espa±ola, NM: 2
#6. Los Alamos, NM: 1
#6. Las Cruces, NM: 1
#6. Ruidoso, NM: 1
#6. Roswell, NM: 1
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2 / 30#29. Glorieta
- Typical home value: $353,684
- 1-year price change: +5.4%
- 5-year price change: +24.6%
- Metro area: Santa Fe, NM
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3 / 30#28. Mayhill
- Typical home value: $358,601
- 1-year price change: -0.9%
- 5-year price change: +32.6%
- Metro area: Roswell, NM
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4 / 30#27. Rio Rancho
- Typical home value: $361,320
- 1-year price change: +0.6%
- 5-year price change: +28.8%
- Metro area: Albuquerque, NM
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5 / 30#26. Mesilla Park
- Typical home value: $366,074
- 1-year price change: +1.8%
- 5-year price change: +26.3%
- Metro area: Las Cruces, NM
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6 / 30#25. Rociada
- Typical home value: $366,856
- 1-year price change: +5.2%
- 5-year price change: data not available
- Metro area: Las Vegas, NM
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7 / 30#24. Jemez Pueblo
- Typical home value: $367,707
- 1-year price change: +3.6%
- 5-year price change: +24.2%
- Metro area: Albuquerque, NM
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8 / 30#23. Sapello
- Typical home value: $375,895
- 1-year price change: +13.8%
- 5-year price change: data not available
- Metro area: Las Vegas, NM
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9 / 30#22. Edgewood
- Typical home value: $381,569
- 1-year price change: +3.6%
- 5-year price change: +20.4%
- Metro area: Santa Fe, NM
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10 / 30#21. Algodones
- Typical home value: $382,339
- 1-year price change: +2.4%
- 5-year price change: +9.0%
- Metro area: Albuquerque, NM
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11 / 30#20. Cerrillos
- Typical home value: $382,807
- 1-year price change: +1.0%
- 5-year price change: +4.8%
- Metro area: Santa Fe, NM
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12 / 30#19. Pecos
- Typical home value: $393,244
- 1-year price change: +4.9%
- 5-year price change: data not available
- Metro area: Las Vegas, NM
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13 / 30#18. Peralta
- Typical home value: $408,031
- 1-year price change: +3.0%
- 5-year price change: +26.7%
- Metro area: Albuquerque, NM
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14 / 30#17. Stanley
- Typical home value: $412,565
- 1-year price change: +8.2%
- 5-year price change: +7.4%
- Metro area: Santa Fe, NM
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15 / 30#16. Abiquiu
- Typical home value: $413,058
- 1-year price change: -2.8%
- 5-year price change: +0.9%
- Metro area: Espa±ola, NM
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16 / 30#15. Ranchos de Taos
- Typical home value: $418,330
- 1-year price change: +1.1%
- 5-year price change: +6.0%
- Metro area: Taos, NM
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17 / 30#14. Bosque Farms
- Typical home value: $422,894
- 1-year price change: +6.1%
- 5-year price change: +35.6%
- Metro area: Albuquerque, NM
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18 / 30#13. Taos
- Typical home value: $437,444
- 1-year price change: -0.9%
- 5-year price change: -9.3%
- Metro area: Taos, NM
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19 / 30#12. Tijeras
- Typical home value: $445,593
- 1-year price change: +3.4%
- 5-year price change: +25.0%
- Metro area: Albuquerque, NM
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20 / 30#11. Cedar Crest
- Typical home value: $464,743
- 1-year price change: +3.4%
- 5-year price change: +26.4%
- Metro area: Albuquerque, NM
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21 / 30#10. Angel Fire
- Typical home value: $501,956
- 1-year price change: -2.3%
- 5-year price change: +26.8%
- Metro area: not in a metro area
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22 / 30#9. El Prado
- Typical home value: $506,015
- 1-year price change: -0.7%
- 5-year price change: +3.3%
- Metro area: Taos, NM
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23 / 30#8. Sandia Park
- Typical home value: $535,089
- 1-year price change: +1.6%
- 5-year price change: +19.9%
- Metro area: Albuquerque, NM
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24 / 30#7. Los Alamos
- Typical home value: $581,096
- 1-year price change: -0.9%
- 5-year price change: +25.7%
- Metro area: Los Alamos, NM
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25 / 30#6. Santa Fe
- Typical home value: $581,279
- 1-year price change: +0.8%
- 5-year price change: +16.7%
- Metro area: Santa Fe, NM
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26 / 30#5. Alto
- Typical home value: $594,266
- 1-year price change: +4.6%
- 5-year price change: +20.4%
- Metro area: Ruidoso, NM
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27 / 30#4. Placitas
- Typical home value: $639,689
- 1-year price change: -2.1%
- 5-year price change: +18.7%
- Metro area: Albuquerque, NM
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28 / 30#3. Corrales
- Typical home value: $700,444
- 1-year price change: +2.5%
- 5-year price change: +28.6%
- Metro area: Albuquerque, NM
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29 / 30#2. Los Ranchos de Albuquerque
- Typical home value: $713,376
- 1-year price change: +4.4%
- 5-year price change: +30.8%
- Metro area: Albuquerque, NM
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30 / 30#1. Lamy
- Typical home value: $836,230
- 1-year price change: +2.0%
- 5-year price change: +18.6%
- Metro area: Santa Fe, NM
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