Cities with the fastest growing home prices in Santa Fe metro area

Written by:
January 19, 2023
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Cities with the fastest growing home prices in Santa Fe metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Santa Fe, NM metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. All 7 cities and towns with data available were included in the list.

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1 / 7
Stacker

#7. Stanley, NM

- 1-year price change: $-4,484 (-1.2%)
- 5-year price change: +$128,459 (+54.0%)
- Typical home value: $366,235 (#5 most expensive city in metro)
2 / 7
Stacker

#6. Edgewood, NM

- 1-year price change: +$24,734 (+7.5%)
- 5-year price change: +$137,204 (+63.4%)
- Typical home value: $353,496 (#6 most expensive city in metro)
3 / 7
Stacker

#5. Santa Cruz, NM

- 1-year price change: +$27,640 (+10.0%)
- 5-year price change: +$109,395 (+55.8%)
- Typical home value: $305,281 (#7 most expensive city in metro)
4 / 7
Stacker

#4. Cerrillos, NM

- 1-year price change: +$44,187 (+12.9%)
- 5-year price change: +$144,704 (+59.6%)
- Typical home value: $387,505 (#4 most expensive city in metro)
5 / 7
Stacker

#3. Glorieta, NM

- 1-year price change: +$50,703 (+12.5%)
- 5-year price change: +$186,966 (+69.6%)
- Typical home value: $455,586 (#3 most expensive city in metro)

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6 / 7
Stacker

#2. Santa Fe, NM

- 1-year price change: +$55,734 (+10.8%)
- 5-year price change: +$217,528 (+61.8%)
- Typical home value: $569,431 (#2 most expensive city in metro)
7 / 7
Stacker

#1. Lamy, NM

- 1-year price change: +$99,713 (+13.7%)
- 5-year price change: +$337,042 (+68.9%)
- Typical home value: $826,225 (#1 most expensive city in metro)

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