Cities with the most expensive homes in the Santa Fe metro area
Cities with the most expensive homes in the Santa Fe 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 $349,216 in February, 4.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of March 28, the 30-year fixed mortgage rate sits at 6.79%.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 Santa Fe metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 7 cities and towns with data available were included in the list.
#7. Santa Cruz, NM
- Typical home value: $303,458
- 1-year price change: +6.2%
- 5-year price change: +47.1%
#6. Glorieta, NM
- Typical home value: $322,055
- 1-year price change: +6.7%
- 5-year price change: +46.6%
#5. Edgewood, NM
- Typical home value: $344,243
- 1-year price change: +3.5%
- 5-year price change: +53.8%
#4. Cerrillos, NM
- Typical home value: $359,259
- 1-year price change: +2.7%
- 5-year price change: +44.4%
#3. Stanley, NM
- Typical home value: $373,894
- 1-year price change: +1.0%
- 5-year price change: +40.8%
#2. Santa Fe, NM
- Typical home value: $566,125
- 1-year price change: +3.7%
- 5-year price change: +53.5%
#1. Lamy, NM
- Typical home value: $815,735
- 1-year price change: +2.9%
- 5-year price change: +60.5%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.
