Cities with the most expensive homes in the Farmington metro area

Written by:
October 22, 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 $360,385 in October, 2.4% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of November 14, the 30-year fixed mortgage rate sits at 6.78%.

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: $202,467
- 1-year price change: +3.3%
- 5-year price change: +24.1%

2 / 8
Stacker

#7. Bloomfield, NM

- Typical home value: $221,863
- 1-year price change: +2.5%
- 5-year price change: +17.1%

3 / 8
Stacker

#6. Waterflow, NM

- Typical home value: $225,351
- 1-year price change: +6.2%
- 5-year price change: data not available

4 / 8
Stacker

#5. Aztec, NM

- Typical home value: $244,671
- 1-year price change: +4.3%
- 5-year price change: +20.9%

5 / 8
Stacker

#4. Farmington, NM

- Typical home value: $256,720
- 1-year price change: +7.1%
- 5-year price change: +42.2%

6 / 8
Stacker

#3. Fruitland, NM

- Typical home value: $257,421
- 1-year price change: +5.6%
- 5-year price change: data not available

7 / 8
Stacker

#2. Flora Vista, NM

- Typical home value: $271,985
- 1-year price change: +4.4%
- 5-year price change: +33.1%

8 / 8
Stacker

#1. La Plata, NM

- Typical home value: $287,319
- 1-year price change: +3.1%
- 5-year price change: data not available

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