Cities with the most expensive homes in the Farmington metro area
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 $360,999 in September, 2.4% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of October 17, the 30-year fixed mortgage rate sits at 6.44%.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.
#8. Kirtland, NM
- Typical home value: $200,029
- 1-year price change: +2.2%
- 5-year price change: +23.8%
#7. Bloomfield, NM
- Typical home value: $217,738
- 1-year price change: +2.0%
- 5-year price change: +16.1%
#6. Waterflow, NM
- Typical home value: $224,084
- 1-year price change: +5.5%
- 5-year price change: data not available
#5. Aztec, NM
- Typical home value: $242,845
- 1-year price change: +4.4%
- 5-year price change: +20.3%
#4. Farmington, NM
- Typical home value: $255,090
- 1-year price change: +6.9%
- 5-year price change: +41.4%
#3. Fruitland, NM
- Typical home value: $256,634
- 1-year price change: +5.4%
- 5-year price change: data not available
#2. Flora Vista, NM
- Typical home value: $272,048
- 1-year price change: +3.7%
- 5-year price change: +32.9%
#1. La Plata, NM
- Typical home value: $283,070
- 1-year price change: +3.4%
- 5-year price change: data not available