Cities with the most expensive homes in the Farmington metro area

Written by:
December 23, 2024
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Cities with the most expensive homes in the Farmington metro area

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 $358,761 in November, 2.3% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of December 19, the 30-year fixed mortgage rate sits at 6.72%.

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 the Farmington metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 8 cities and towns with data available were included in the list.

1 / 8
Stacker

#8. Kirtland, NM

- Typical home value: $205,253
- 1-year price change: +4.2%
- 5-year price change: +24.2%

2 / 8
Stacker

#7. Bloomfield, NM

- Typical home value: $221,037
- 1-year price change: +3.2%
- 5-year price change: +18.3%

3 / 8
Stacker

#6. Waterflow, NM

- Typical home value: $221,651
- 1-year price change: +6.2%
- 5-year price change: data not available

4 / 8
Stacker

#5. Aztec, NM

- Typical home value: $241,922
- 1-year price change: +4.1%
- 5-year price change: +21.2%

5 / 8
Stacker

#4. Fruitland, NM

- Typical home value: $255,306
- 1-year price change: +5.5%
- 5-year price change: data not available

6 / 8
Stacker

#3. Farmington, NM

- Typical home value: $256,697
- 1-year price change: +7.0%
- 5-year price change: +42.6%

7 / 8
Stacker

#2. Flora Vista, NM

- Typical home value: $276,528
- 1-year price change: +4.8%
- 5-year price change: +33.3%

8 / 8
Stacker

#1. La Plata, NM

- Typical home value: $284,882
- 1-year price change: +2.8%
- 5-year price change: data not available

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